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WorksheetsProcurement
Total questions: 12
Worksheet time: 6mins
Which of the following statements do you think has greatest validity?
Purchasing has a broader meaning than procurement
Procurement is broadly equivalent to purchasing
Procurement has a broader meaning than purchasing
None of the above
Which sequence is most typical of the procurement process?
Originator to buyer to approver to supplier
Supplier to originator to approver to buyer
Originator to approver to buyer to supplier
Approver to originator to buyer to supplier
None of above
One aim of e-procurement is increasing savings by sourcing items _____.
from the right source
of the right quantity
at the right price
of the right quality
None of above
Which of the following is not likely to be a primary activity of Local Procurement officeestablished in the overseas geography?
Identification of customers for company’s products
Market research for identification of new suppliers
Evaluate suppliers for necessary qualification
Performing inspections for getting assurance of suppliers
In the international procurement, the purchase orders cannot be placed on Overseas Sourcing agent who can place the same on supplier.
True
False
Which of the following is not likely to be an important objective of a global procurement function such key objective?
Lowest costs
Tax evasion
Best quality
Efficiency in supply chain
In project procurement management, which process involves obtaining seller responses, selecting sellers, and awarding contracts?
Conducting procurements
Closing procurements
Selling contracts
Planning procurement management
Outputs of the _____ process consist of selected sellers and change requests.
Conducting procurements
Closing procurements
Planning procurement management
controlling procurements
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