Purchasing and Supply Chain Management
Welcome to the Purchasing and Supply Chain Management Exam
You have 2hrs to complete this Exam. Goodluck
The number of attempts remaining is 2
Please fill in your contact information
1 / 50
A document certifying the origin of products being exported
2 / 50
What is a reason for a company to diversify?
3 / 50
The ability of logistics to meet current and future customer strategic requirements
4 / 50
Which of the following is a key part of a decision to outsource?
5 / 50
Why is early stakeholder involvement important?
6 / 50
What is a crucial consideration in export pricing?
7 / 50
Which tool is commonly used to track supplier performance?
8 / 50
Customers are …
9 / 50
What is a risk associated with consignment?
10 / 50
Meeting between the buyer and all prospective sellers prior to submittal of a bid or proposal
11 / 50
What does an export price quotation include?
12 / 50
What is a potential drawback of work specialization?
13 / 50
Which is NOT a typical stakeholder in defining business needs?
14 / 50
The first step in the sourcing process is:
15 / 50
Which is a key benefit of collaborative supplier relationships?
16 / 50
Which document invites suppliers to submit proposals?
17 / 50
A performance specification focuses on
18 / 50
What does KPI stand for?
19 / 50
What is the purpose of a warehouse
20 / 50
What does “conflict resolution” involve in supplier relationships?
21 / 50
What does an 'open account' agreement in export involve?
22 / 50
What is 'specialization' in production?
23 / 50
What is 'concentric diversification'?
24 / 50
What does “make or buy” decision involve?
25 / 50
What is the first step in a method study?
26 / 50
What is the purpose of 'corrective action' in production planning?
27 / 50
Which of the following is a definition of the term ‘supply chain’?
28 / 50
What is a disadvantage of an open account for the exporter?
29 / 50
What is a drawback of 'cash in advance' for the buyer?
30 / 50
What is a 'process' in TQM?
31 / 50
Pre-qualification questionnaires are used to:
32 / 50
What is a consignment in export terms?
33 / 50
What are the factors affecting channel selection
34 / 50
Which document describes WHAT the product/service must DO?*
35 / 50
The first four stages of the sourcing process are:*
Identify need, ______, request quotation, receive quotation
36 / 50
What is Linear Regression?
37 / 50
What is Time Series Forecasting?
38 / 50
Which is NOT a consideration for selecting a method study?
39 / 50
What is a key benefit of competitive tendering?
40 / 50
A statement of requirement should include:
41 / 50
The main purpose of supplier relationship management (SRM) is to:
42 / 50
What economic aspect is important in method study?
43 / 50
What should be the starting point in product design?
44 / 50
What is the purpose of a tender?
45 / 50
The purchase order is
46 / 50
What are the flows in supply chain management
47 / 50
What do factoring houses do?
48 / 50
Which is NOT a typical supplier performance metric?
49 / 50
Which sourcing strategy focuses on ONE supplier?
50 / 50
How many stages are there within the procurement cycle?
Your score is
