What is the primary goal of logistics management?

Optimizing supply chain operations

1.Why do organizations need to rationalize the supply base?

“To increase the number of suppliers to optimize costs and resources” is incorrect, “to reduce the number of suppliers to increase values and save organization’s costs, resources” is correct.

To increase the number of suppliers to optimize costs and resources. to reduce the number of suppliers to increase values and save the organization’s costs, resources.

“To increase the number of suppliers to optimize costs and resources” & “to reduce the number of suppliers to increase values and save organization’s costs, resources” are correct.

Strategic sourcing process begins with the ____.

Identification of a need (a requirement)

Selection of an appropriate supplier

Determine who can authorize the purchase.

Which of the following is a key component of an organization mission statement.

How the organization will meet its customers’ needs.

How is the organization will treat employees.

How the organization will measure performance.

How the organization willl treat suppliers.

The supplier base relates to__________________:

The number, range, location and characteristics of the vendors that supply the purchaser.

The number, range, location of the vendors that supply the purchaser.

The number, range of the vendors that supply the purchaser.

The quality, number, range, location and characteristics of the vendors that supply the purchaser.

What does CIPS stand for?

Chartered Institute of Procurement and Supply.

Certified International Property Specialist.

Canadian Information Processing Society

Communication and Interpersonal Skills.

In procurement procedure, why should we need to keep and record all document?

For future purchasing negotiation purpose.

What is due diligence?

Is a methodology to determine that supplier has necessary qualities to become a partner of buying organization

Is a tool to determine that supplier has necessary qualities to become a partner of buying organization

Is an organization to determine that supplier has necessary qualities to become a partner of buying organization

Is a third party to determine that supplier has necessary qualities to become a partner of buying organization

Why is it necessary to evaluate supplier performance?

In order to significantly improve supplier performance.

Decide whether a supplier should be retained or removed.

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

Red Invoice, delivery note, purchase order/ contract.

Delivery note, purchase order/ contracts, packing list.

Delivery note, commercial invoice, packing list.

Purchase order/ contract, packing list, commercial invoice.

. What is one drawback of outsourcing?

it can make an organization lack of management skills to control suppliers.

it does not provide access to specific skills or technologies.

it invariably results in an increase in both fixed and recurrent costs.

it cannot increase accountability of suppliers through a written contract.

Which statement is correct about E-commnerce and E-business?

E-commerce refers to buying and selling online, while e-business encompasses all business conducted online. E-commerce can be viewed as a subset of e-business.

E-business refers to buying and selling online, while e-commerce encompasses all business conducted online. E-business can be viewed as a subset of e-commerce.

E-commerce refers to buying and selling online, while e-business encompasses all business conducted online. E-business can be viewed as a subset of e-commerce.

E-commerce refers to all business conducted online, while e-business refers to buying and selling transaction. E-commerce can be viewed as a subset of e-business.

. Which is true about outsourcing and sub-contracting?

“Sub-contracting is a tactical, short-term approach whereas outsourcing is a strategic long-term decision” & “Enterprises do not need to retain certain core capabilities when outsourcing” are correct.

Sub-contracting is a tactical, short-term approach whereas outsourcing is a strategic long-term decision.

Enterprises do not need to retain certain core capabilities when outsourcing.

“Sub-contracting is a tactical, short-term approach whereas outsourcing is a strategic long-term decision” is correct, “Enterprises do not need to retain certain core capabilities when outsourcing” is incorrect.

5. Recent research indicates that all of the following are top knowledge areas for procurement people except:

Supplier relationship management

All of the following are required elements in a purchase requisitions except

Identification and approval of supplier by the end user

Operating account to be charged

A category manager for ductile iron castings (easy to buy products) is tasked with consolidating expenditure and driving savings within the category. The category manager forms a cross-functional sourcing team, conducts spend analysis, and determines that the category fits the “leverage” quadrant of the Kraljic matrix. In this situation, which of the following is the BEST course of actions for the team to take?

Determine the number of suppliers required along with their capabilities, and establish criteria to evaluate them.

Check the existing supply base for capabilities and determine if the suppliers are in good standing with the company.

Conduct an internet search to find new iron casting suppliers in low-cost countries.

Pick an existing supplier and have it design the part so that its production processes are optimized for cost.

. Which of the following is not one of the common ways that internal customers should communicate their needs to procurement?

Chance meeting in the company cafeteria

Purchase requisitions from internal users

Material requirements identified during new product development

Most organizations are not in business to provide information technology services, yet many have spent valuable time and resources on information technology functions when they should have instead worked on important competencies such as marketing, customer service, and new product design. Outsourcing helps tackle this problem. Which benefit does outsourcing primarily provide in such a scenario?

helps focus on an organization’s core business.

reduces fixed and recurrent costs.

protects strategic information from being accessible to external suppliers.

increases accountability even without a written contract.

Which of the following is the MOST important reason that the supply team need to forecast?

Determine the quantity required.

Determine the availability of the product service.

Determine the supplier’s delivery time.

Determine the price of the product or service.

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

Check the goods/ products to make sure they are correct as requested.

Developing a Purchase Agreement.

Which is NOT one of the advantages of negotiating via email?

Build rapport and trust easily.

We had better not use email when negotiating because:

"There is a tendency to lie or exaggerate with email & Information may be stolen" are correct

There is a tendency to lie or exaggerate with email

PROCUREMENT

Quiz

•

English

•

University

•

Practice Problem

•

Hard

Nguyễn Nguyên

FREE Resource

153 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Finance

Sales

Logistics

Marketing

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

151 questions

Angielski egzamin C1 słówka

Quiz

•

University

148 questions

Pass final E

Quiz

•

University

150 questions

Listening

Quiz

•

University

150 questions

TEST 22 - Ulysses, Byzantium, The Thought Fox

Quiz

•

University

Popular Resources on Wayground

15 questions

Fractions on a Number Line

Quiz

•

3rd Grade

20 questions

Equivalent Fractions

Quiz

•

3rd Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

$fractions$

22 questions

fractions

Quiz

•

3rd Grade

20 questions

Main Idea and Details

Quiz

•

5th Grade

20 questions

Context Clues

Quiz

•

6th Grade

15 questions

Equivalent Fractions

Quiz

•

4th Grade

20 questions

Figurative Language Review

Quiz

•

6th Grade

Discover more resources for English

12 questions

IREAD Week 4 - Review

Quiz

•

3rd Grade - University

23 questions

Subject Verb Agreement

Quiz

•

9th Grade - University

10 questions

Charlie and Chocolate Factory Chapters 1-10

Quiz

•

2nd Grade - University

PROCUREMENT

153 questions

A drawback to a business of using just in time stock control is

Procurement vs Purchasing

Which of the following is the first stage in a supply chain for a chocolate bar?

A business getting good value when buying products means that it will:

.Which of the following is a benefit to a business of having an efficient procurement department?

The time difference between a business ordering and receiving stock is called the:

Which area of business will Amazon particularly focus upon to ensure customer delivery on time?

The business term that involves choosing a supplier, agreeing what to buy at a certain price and by when is called:

Purchasing transaction is a contract between?

What is the primary goal of logistics management?

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for English