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Procurement Final Test

Total questions: 20

Worksheet time: 3600secs

Name
Class
Date
1.

The solution of bullwhip effect is

a)

Naïve

b)

3 month moving average

c)

Increase DeMond

d)

More activity of supply

2.

High responsiveness =

a)

Low cost

b)

High cost

c)

Good cost

d)

Effective cost

3.

-is example on trend DeMond

a)

I phone 13

b)

Book mac

c)

Dell laptop

d)

I phone 15

4.

Relation with the supplier must be

a)

Short term

b)

Long term

c)

Win-lose situation

d)

Lose-win situation

5.

Sugar is ………..DeMond

a)

Rondam

b)

Cycle

c)

SESONALITY

d)

Trend

6.

Negotiating, buying, and developing contracts is one of

a)

Procurement function

b)

Logistics function

c)

Planning function

d)

Marketing team

7.

Qualtitave method using in

a)

Current market

b)

New market

c)

Current product

d)

New company

8.

Factors in buyers' decisions

a)

Number of compotators

b)

The total lead time to finish the order

c)

Number of retail outlets

d)

Behaver of salesman

9.

Procurement plan is

a)

Strategic plan

b)

Mid term plan

c)

S & op

d)

Operation plan

10.

All row material available using in ............. "select all available"

a)

mts

b)

eto

c)

ato

d)

mto

11.

In phase out in life cycle we use …........

a)

mts

b)

mto

c)

eto

d)

ato

12.

Procurement is important in business because

a)

Directly impacts a company's profit

b)

Getting more items

c)

Products with long expiration date

d)

Improve the quality of the product

13.

A B C IS ONE OF

a)

English letters

b)

Inventory classification

c)

Inventory level

d)

Inventory quantity

14.

Identifying suppliers is part of

a)

Procurement cycle

b)

Purchasing cycle

c)

Sales cycle

d)

Logistics cycle

15.

Clearly stated and recognized in the contract between the parties

a)

Implied terms in the contract

b)

Express terms in the contract

c)

Hiring terms in the contract

d)

Last terms in the contract

16.

Acquisition costs:

a)

Order quantity × unit cost

b)

Order quantity / unit cost

c)

Order quantity - unit cost

d)

% of cost

17.

Turnover formula is:

a)

Cost of good sold / average of inventory

b)

Cost of good sold / total inventory

c)

Sourcing

d)

Contract

18.

The cost of packaging is part of

a)

Warehouse cost

b)

Purchasing cost

c)

Marketing cost

d)

The total cost of purchasing

19.

Ordering quantity for an item of stock that minimizes cost. Used in

a)

E o q

b)

A b c

c)

Order demond

d)

Order cost

20.

Safety stock increases as

a)

The uncertainty increase

b)

Procurement

c)

Purchasing

d)

Negotiation