P&P - recap

One of the following is NOT a sourcing Strategy:

• Partnership

• Single or Multiple Sourcing

• Make or Buy

• Normal transactional.

Which of the following is used to analyze the company's competitive advantage?

• SWOT Analysis

• PESTEL Analysis

• Porter’s Five Forces

• Competitive rivalry

CapEx is typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period; last for more than one year but typically have a useful life of many years.

• True

• False

One of the following is NOT part of the Lifecycle Cost in Procurement

• Disposal

  cost

• Maintenance costs

• Warehouse cost

• Insurance

  cost

One of the following is type of external supplier relationship.

• Scheduled agreement

• Period contracts

• Blanket orders

• Partnership

There are 3 stages in procurement processes which are :

• Strategic

  Purchasing

  Transactional

• Strategic

  Transactional

  Admin Functions

• Strategic

  Transactional

  Supportive Functions

• Strategic

  Identification

  Supportive Functions

The first stage of the procurement process and involves deciding which product or service we need to buy.

• Sourcing

• Bidding

• Contract Terms Negotiation

• Requirement(s) Evaluation

Legal contract(s) between two parties, outline terms and conditions for the purchase and sale of goods or services.

• Purchase Order

• Invoice

• Goods Receipt Order

• Supplier Agreement

One of the following is another term for External Sourcing

• Outsourcing

• Inhouse Sourcing

• Sourcing

• Multiple Sourcing