Global Procurement Management Q5

What is the Japanese term related to continuous improvement?

• Kaizen
• Kanban
• Kanban
• Jidoka

What does PSM stand for?

• Procurement Strategy Management
• Purchasing Sector Model
• Procurement and Supply Management
• Product and Services Marketing

Procurement cards are similar to credit cards and used mainly for:

• Low-value purchases
• HR decisions
• Legal advisory
• International investments

What percentage of the Dreamliner’s design work was outsourced?

• 0.45
• 0.3
• 0.75
• 0.65

Which of the following is NOT a challenge in global sourcing?

• Language barriers
• Supplier training
• Currency fluctuations
• Political instability

What kind of negotiation starts with transparency and builds trust?

• Adversarial
• Emotional
• Forced negotiation
• Genuine business objectives

What is a ‘boundary-spanner’ in SRM context?

• A person facilitating collaboration between organizations
• A quality inspector
• A negotiator between sales and finance
• A contract type

Which activity happens in the final supplier selection process?

• Risk assessment
• Online tendering or negotiation
• Spend analysis
• Forecasting demand

Procurement is defined as a ________ corporate activity to ensure continuous supply.

• Reactive
• Pro-active
• Passive
• Optional

Which of the following is NOT one of the four major levels of organizational policy?

• Personal policies
• Operating procedures
• Executive policies
• Functional policies