Purchasing and Supply Chain Management
Welcome to the Purchasing and Supply Chain Management Exam
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What does “supplier segmentation” help organisations do?
2 / 50
What does KPI stand for?
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What is Time Series Forecasting?
4 / 50
What is a benefit of production specialization?
5 / 50
What is 'confirming' in export finance?
6 / 50
A document certifying the origin of products being exported
7 / 50
The purchase order is
8 / 50
Which communication method is BEST for resolving urgent supplier issues?
9 / 50
What is the formula for linear regression
10 / 50
Julia works for a company that buys in diamonds and creates jewellery. In which sector is Julia employed?*
11 / 50
The ability of logistics to meet current and future customer tactical requirements
12 / 50
Which tool is commonly used to track supplier performance?
13 / 50
What is the purpose of a tender?
14 / 50
What is “supplier development”?
15 / 50
The act of obtaining seller responses, selecting a seller, and awarding a contract is
16 / 50
The final stage of material sourcing plan is
17 / 50
What is a common approach for new exporters in pricing?
18 / 50
What is a potential disadvantage of diversification?
19 / 50
Meeting between the buyer and all prospective sellers prior to submittal of a bid or proposal
20 / 50
What is a risk associated with consignment?
21 / 50
Which of the following is a definition of the term ‘supply chain’?
22 / 50
What is a reason for a company to diversify?
23 / 50
How many stages are there within the procurement cycle?
24 / 50
The primary purpose of defining business needs is to
25 / 50
What is a key benefit of competitive tendering?
26 / 50
What is a major factor to consider regarding customer expectation?
27 / 50
What business activities does SCM cover?
28 / 50
Scope creep occurs when:
29 / 50
What should an export price ideally ensure?
30 / 50
Exploiting labour is an example of …
31 / 50
What does TQM aim to do?
32 / 50
The main purpose of supplier relationship management (SRM) is to:
33 / 50
What does “make or buy” decision involve?
34 / 50
What is Linear Regression?
35 / 50
Which of the following is a key part of a decision to outsource?
36 / 50
The first step of material sourcing plan stages is
37 / 50
What is a 'process' in TQM?
38 / 50
Which sourcing strategy focuses on ONE supplier?
39 / 50
What is the most desirable payment method for an exporter?
40 / 50
The first step in the sourcing process is:
41 / 50
What does RFQ stand for?
42 / 50
What is a consignment in export terms?
43 / 50
A performance specification focuses on
44 / 50
What is a disadvantage of an open account for the exporter?
45 / 50
The ability of logistics to meet current and future customer strategic requirements
46 / 50
What are the factors affecting channel selection
47 / 50
What are the methods used for Demand Forecasting
48 / 50
What does the theory of regional complementarity explain?
49 / 50
What economic aspect is important in method study?
50 / 50
Which document invites suppliers to submit proposals?
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