Global Procurement Management Q2

One of the most important elements that must be present in an effective Supplier Relationship Management program are having a formal visible process to progess suppliers through your relationship management continuum... Transactional to prefered to tactical to strategic

• True
• FALSE

____is a process associated with defining contract, defining roles and responsibility of both part, and advising when to modify and ensure appropriate escalation.

• Spend analysis
• Contract management
• Cost management
• Supplier selection

Strategic sourcing process begins with the ____.

• Selection of an appropriate supplier
• Issuance of a purchase order
• Identification of a need (a requirement)
• Determine who can authorize the purchase.

A Three-way match involves which of the following documents?

• Delivery note, purchase order/ contracts, packing list.
• Red Invoice, delivery note, purchase order/ contract.
• Delivery note, commercial invoice, packing list.
• Purchase order/ contract, packing list, commercial invoice.

Which of the following is not an approppriate performance criterion to be used when evaluating suppliers?

• Commitment to effective marketing and promotion
• Ability to develop process and product technology
• Commitment to quality
• Cost performance

A/An ____involves sending a preliminary survey to suppliers.

• Request for quotation
• Request for information
• Purchase order
• Order release

It is a good idea for companies to outline explixit policies to ensure that those who deal with suppliers know precisely what is and what is not acceptable behavior. These often include rules regarding the receipt of gifts, the treatment of confidential information, a code of conduct, fair and ethical quotation and negotiation processes, declaration of conflicts of interest, diversity, personal benefits and illegal/ unethical behavior.

• True
• False

Which of the following is not one of the features of the new model of progressive procurement?

• Develop closer relationships with important suppliers
• Performing due diligence on supplier before awarding longer term contracts
• Focusing primarily on price analysis and short term contracts
• Conduct worldwide Internet searches for the best sources of supply.

When suppliers deliver goods/ products to companies. What action should companies do?

• Selecting Suppliers.
• Check the goods/ products to make sure they are correct as requested.
• Placing Order.
• Developing a Purchase Agreement.

The procurement manager for Todd's Tools is meeting with various departments to determine what they need to order. Which stage of the procurement process is mentioned?

• Evaluating supplier performance.
• Selecting Suppliers.
• Identifying needs.
• Creating a purchase agreement.