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Which of the following statements refer to continuous improvement with reference to procurement roles?

• Buying firm can motivate suppliers to constantly boost performance by making a joint investment in new technology

• Identifying and managing supply chain risk and developing risk mitigation strategies

• Responsible for determining the appropriate quantity to order based on projected demand

• Business management function that ensures identification, sources, access, and management external resources that the firm need.

Which of the following statements describes suppliers’ investment in quality?

• Buying organization must cooperate with the suppliers in case of new technology to be implemented

• Buying organization identifies the hazards that they can immediately provide a solution

• A.   Buying organization can engage into a long-term contract with the chosen supplier

• Buying organization should provide requirements and specifications to suppliers in which they should comply

1.    Which of the following choices describes the statements given below?

Statement 1: Procurement process allows buyers to explore supply market opportunities that results in the best possible supply outcome.

Statement 2: Joint commitment through sharing long-term business goals can strengthen and manage relationship between suppliers and buyers.

• Both statement are correct

• Both statement are incorrect

• First statement is correct, and second statement is incorrect

• First statement is incorrect, and second statement is correct.

1.    Which of the following choices describes the statements given below?

Statement 1: Quality control involves the receipt of materials as it moves from suppliers to buyers.

Statement 2: Material handling involves movement, protection and storage and control of materials.

• Both statements are correct

• Both statements are incorrect

• First statement is correct, and second statement is incorrect

• First statement is incorrect, and second statement is correct.

Which of the following statements is true?

Statement 1: The supplier’s investment on quality is anchored on the organization buyer’s reputation for quality.

Statement 2: The supplier’s investment on inventory can he successfully implemented when the buying organization provides support on supplier’s actions.

Statement 3: Relationship management for both supplier and buyer can be successful when both parties provide accurate and timely business information

• Statement 1 only

• Statement 1, and statement 2

• Statement 1 and statement 3

• Statement 1, statement 2, and statement 3.

Which among the following statements is a part of the request for quotations and invitations to tender?

• Management of emergency needs to purchase

• Issurance of the bills of materials when applicable

• Methodology for dealing with order acknowledgements

• How and in what circumstances negotiations will take place

One of the following situation is not a part of the creation of a legally binding contract?

• Budget approval and appropriate finance code

• Purchase orders are to be raised

• Implications of accepting the supplier sales acknowledgement

• One-off contract are to be negotiated

Which among the following statements relates to supplier relationship management?

• When individuals, groups, and organization within and outside the firm interact

• A networked relationship which involve multiple parties working together

• An approach between two parties to work towards the integration of their organization

• Procurement from a single supplier of medium asset specificity.

Which of the following statements refers to stockpiling?

• The strategy to manage supply chain risk by means of spreading the risk among group of companies.

• The strategy to manage supply chain risk using inventory as a buffer

• The strategy to manage supply chain risk that involves the use of multiple sourcing

• The strategy to manage supply chain risk by means of evaluating the supplier’s capability

Which of the statements below relates to collaborative business relationships?

• A networked relationship which involve multiple parties working together

• When individuals, group, and organizations within and outside the firm interact

• Procurement from only one supplier reduce transaction costs.

• An approach between two parties to work towards the integration of their organization