Purchasing and Supply Chain Management
Welcome to the Purchasing and Supply Chain Management Exam
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What is a consignment in export terms?
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A performance specification focuses on
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What does KPI stand for in supplier performance?
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Customers are …
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Which tool is commonly used to track supplier performance?
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What are the methods used for Demand Forecasting
7 / 50
What is a reason for a company to diversify?
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What is Linear Regression?
9 / 50
A statement of requirement should include:
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What is “supplier development”?
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What is a common approach for new exporters in pricing?
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Which of the following is a source of export financing?
13 / 50
Pre-qualification questionnaires are used to:
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What is a drawback of 'cash in advance' for the buyer?
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Which is NOT part of supplier evaluation criteria?
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Which sourcing strategy focuses on ONE supplier?
17 / 50
Which of the following is a definition of the term ‘supply chain’?
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What does “conflict resolution” involve in supplier relationships?
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Why is early stakeholder involvement important?
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What is a crucial consideration in export pricing?
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What is a “preferred supplier”?
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The main purpose of supplier relationship management (SRM) is to:
23 / 50
The act of obtaining seller responses, selecting a seller, and awarding a contract is
24 / 50
Which of the following is a key part of a decision to outsource?
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The ability of logistics to meet current and future customer tactical requirements
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Which is NOT a typical stakeholder in defining business needs?
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What is a risk associated with consignment?
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What is a key benefit of competitive tendering?
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What is Time Series Forecasting?
30 / 50
What do factoring houses do?
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Which type of specification describes HOW something is built?
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What does an 'open account' agreement in export involve?
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Exploiting labour is an example of …
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What is 'diversification' in business?
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The final stage of material sourcing plan is
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What is a major factor to consider regarding customer expectation?
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The note should be issued if the supplier complies to specification
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How does export credit insurance help exporters?
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What does “supplier segmentation” mean?
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Julia works for a company that buys in diamonds and creates jewellery. In which sector is Julia employed?*
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What is a 'process' in TQM?
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What does “make or buy” decision involve?
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Scope creep occurs when:
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What is the formula for linear regression
45 / 50
What does an export price quotation include?
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What is the main purpose of issuing a pre-qualification questionnaire in procurement?
47 / 50
A primary aim of a procurement professional must be to achieve …*
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What is a potential disadvantage of diversification?
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What is the most desirable payment method for an exporter?
50 / 50
A document used when a pre-shipment inspection is arranged
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