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Global Procurement Management Q4

Authored by Tuan Dang

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University

Used 21+ times

Global Procurement Management Q4
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30 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT a component of the Procure-to-Pay (P2P) process?

Forecast and plan requirement
Supplier identification/selection
Employee recruitment
Settlement payment and performance measurement

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In strategic sourcing, what does the term 'leverage' refer to?

High-risk, low-profit items
High-profit, low-supply risk items
Non-critical, routine items
Items with significant supply disruptions

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which strategy development level is concerned with defining businesses in which the corporation wishes to participate?

Corporate Strategies
Business Unit Strategies
Supply Management Strategies
Commodity Strategies

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a principle used to evaluate alternative strategies?

Flexibility
Consonance
Redundancy
Scalability

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does a category strategy in strategic sourcing focus on?

A single product only
General families of purchased products or services
Internal production processes
Internal production processes

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a motive for buying offshore?

Increased lead times
Access to technology and quality
Limited manufacturing flexibility
Domestic supplier preference

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary difference between international procurement and global sourcing?

Global sourcing is reactive, while international procurement is proactive
International procurement involves domestic transactions only
Global sourcing involves broader scope and complexity
International procurement is more complex than global sourcing

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