SUPMAN LESSON 6

What is the primary role of purchasing in a company?

• To handle customer service

• To secure external resources under favorable conditions

• To manage internal resources

• To oversee marketing strategies

Which of the following is NOT a primary activity in the value chain according to Michael Porter?

• Operations

• Procurement

• Marketing and sales

• Inbound logistics

What does a purchase requisition typically outline?

• The exact requirements for a purchase

• The sales forecast for the year

• The marketing strategy for a product

• The budget for the entire company

What is the purpose of a request for proposal (RFP)?

• To manage accounts payable

• To outline requirements for a specific product or service

• To conduct market research

• To finalize a purchase order

Which of the following is classified as a finished product?

• Raw materials

• Car stereos

• Office supplies

• Steel plates

What is the main focus of supply chain management?

• To develop marketing strategies

• To enhance customer service

• To manage the flow of goods from supplier to customer

• To oversee financial operations

Which of the following is a support activity in the value chain?

• Procurement

• Outbound logistics

• Marketing

• Operations

What is the purpose of accounts payable in the purchase management process?

• To manage vendor selection

• To create purchase orders

• To conduct budgeting and approvals

• To handle payment after receiving goods or services

What type of goods are maintenance, repair, and operating materials classified as?

• Raw materials

• Indirect materials

• Investment goods

• Finished products

What is the first step in the purchase management process?

• Vendor selection

• Purchase order

• Receiving

• Purchase requisition