Purchasing and Supply Chain Management
Welcome to the Purchasing and Supply Chain Management Exam
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1 / 50
Which tool is commonly used to track supplier performance?
2 / 50
What is 'diversification' in business?
3 / 50
What are the methods used for Demand Forecasting
4 / 50
What is the formula for linear regression
5 / 50
What is a benefit of production specialization?
6 / 50
The ability of logistics to meet current and future customer strategic requirements
7 / 50
What does KPI stand for?
8 / 50
What does an export price quotation include?
9 / 50
What is the primary aim of method study in manufacturing?
10 / 50
What economic aspect is important in method study?
11 / 50
Which is NOT a typical supplier performance metric?
12 / 50
What is the purpose of 'corrective action' in production planning?
13 / 50
What is Linear Regression?
14 / 50
Exploiting labour is an example of …
15 / 50
What is a “preferred supplier”?
16 / 50
A performance specification focuses on
17 / 50
What is Time Series Forecasting?
18 / 50
What is a key benefit of competitive tendering?
19 / 50
Customers are …
20 / 50
What is a reason for a company to diversify?
21 / 50
What is 'confirming' in export finance?
22 / 50
What is the main purpose of issuing a pre-qualification questionnaire in procurement?
23 / 50
The first four stages of the sourcing process are:*
Identify need, ______, request quotation, receive quotation
24 / 50
What is a 'process' in TQM?
25 / 50
How does export credit insurance help exporters?
26 / 50
Which sourcing strategy focuses on ONE supplier?
27 / 50
Which document describes WHAT the product/service must DO?*
28 / 50
The first step in the sourcing process is:
29 / 50
Why is early stakeholder involvement important?
30 / 50
Who typically owns the business need definition process?
31 / 50
Which is a key benefit of collaborative supplier relationships?
32 / 50
Which of the following is a source of export financing?
33 / 50
What should an export price ideally ensure?
34 / 50
What does “conflict resolution” involve in supplier relationships?
35 / 50
What is a risk associated with consignment?
36 / 50
What is 'specialization' in production?
37 / 50
What does “supplier segmentation” help organisations do?
38 / 50
A document certifying the origin of products being exported
39 / 50
Which of the following is a definition of the term ‘supply chain’?
40 / 50
What does “supplier segmentation” mean?
41 / 50
The primary purpose of defining business needs is to
42 / 50
What does RFQ stand for?
43 / 50
Which is NOT part of supplier evaluation criteria?
44 / 50
What is the most desirable payment method for an exporter?
45 / 50
Which is NOT a typical stakeholder in defining business needs?
46 / 50
The main purpose of supplier relationship management (SRM) is to:
47 / 50
The note should be issued if the supplier complies to specification
48 / 50
How many stages are there within the procurement cycle?
49 / 50
What are the factors affecting channel selection
50 / 50
What is a drawback of 'cash in advance' for the buyer?
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