Procurement Training Quiz

Which of the following is a key element of a purchasing process?

• Evaluating suppliers

• Contract negotiation

• Identifying a need

• All of the above

Which of the following is not a benefit of strategic procurement?

• Reduced costs

• Improved supplier relationships

• Increased supply chain transparency

• Reduced product quality

What is the main difference between centralised and decentralised procurement?

• The number of procurement departments

• The geographical location of the procurement department

• The level of control over the procurement process

• The types of goods and services being purchased

What is a procurement strategy?

• A plan for purchasing goods and services

• A plan for managing suppliers

• A plan for reducing costs

• A plan for improving product quality

What is supplier evaluation?

• A process for selecting suppliers

• A process for assessing supplier performance

• A process for negotiating contracts with suppliers

• A process for paying suppliers

Which of the following is an example of a good?

• Consulting services

• A car

• Haircut

• Legal advice

Which of the following is an example of a service?

• A computer

• A house

• Plumbing repair

• A pair of shoes

What is the difference between a consumer goods and a capital goods?

• The price of the item

• The intended use of the item

• The size of the item

• The manufacturing process used to create the item

What is a customised good or service?

• A product that is tailored to the specific needs of a customer

• A product that is sold at a discount price

• A product that is only available for a limited time

• A product that is sold in bulk quantities

What is a warranty?

• A legal document that outlines the terms and conditions of a sale

• A guarantee that a product will work as intended

• A discount offered by a seller to incentivise a purchase

• A payment plan offered by a seller to spread out the cost of a purchase