Purchasing Management Quiz

Purchasing Management Quiz

University

10 Qs

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Purchasing Management Quiz

Purchasing Management Quiz

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

Nguyen Phong Nha

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the key objectives of purchasing management?

Ensuring the right product at the right price, at the right time

Only ensuring the continuity of supply

Solely managing signed contracts

Only managing supplier relationships

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a part of the purchasing process?

Identifying user requirements

Evaluating supplier performance

Defining marketing strategies

Developing agreements with suppliers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stage in the Procure-to-Pay (P2P) process comes immediately after need clarification?

Supplier identification/selection

Contract generation

Purchase requisition

Settlement and payment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the purpose of spend analysis?

Collecting data for future forecasting

Analyzing historical spending by commodity

Identifying new suppliers

Selecting competitive suppliers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key benefit of e-procurement?

Virtual elimination of paperwork

Increased manual tracking of orders

Reduction in order cycles without visibility

Increase in manual errors

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is competitive bidding most appropriate?

When specifications are clear, and there are many suppliers

When there is an urgent need for a product or service

When a supplier is already preferred

When negotiation terms are complex

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a role of strategic supply management?

Managing only supplier relationships

Conducting a spend analysis

Completing the procurement process

Ignoring supplier performance

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