WorksheetsSourcing and Procurement Decision
Total questions: 10
Worksheet time: 8mins
____ refers to the raw materials, components parts and supplies brought from outside organizations to support a company's operations
Inbound logistics
Procurement
Materials management
supply management
Procurement and ___ are viewed as synonymous terms
Material management
Supply management
Purchasing
Inbound logistics
Procurement's historical focus in many organizations was to
incur minimal supply distruptions
use a limited number of suppliers
minimize loss and damage
achieve the lowest possible cost
What is the final step in the supplier selection and evaluation process?
Provide feedback
Select suppliers
Implement the decision
Evaluate the decicion
Multiple sourcing uses more than one supplier in hopes of increased competition, improved market intelligent and
greater supply risk mitigation
lower costs per unit
increased cooperation
increased communication
Single sourcing consolidates purchase volume with a single supplier in hopes of increasing cooperation and communication in the supply relationship as well as ---
greater supply risk mitigation
increased amounts of competition
improved market intelligence
lower costs per unit
Which of the following is not associated with socially responsible procurement?
profit
safety
the environment
human rights
There are problems associated with global sourcing, EXCEPT
Cultural issues
Long lead times
Social problem
Expanded customer base
‘Greening’ the supply chain has been considered in a number of
ways, EXCEPT
Purchasing materials which are recyclable
liability for disposal of hazardous wastes in the supply chain;
Reducing the distances goods travel to their final destinations.
Using labour child
Supplier development programmes can assist suppliers to meet their
customer requirements more efficiently and effectively. Discuss.
