Purchasing and Supply Chain Management
Welcome to the Purchasing and Supply Chain Management Exam
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1 / 50
What should an export price ideally ensure?
2 / 50
What is a drawback of 'cash in advance' for the buyer?
3 / 50
What is a consignment in export terms?
4 / 50
What is the main purpose of issuing a pre-qualification questionnaire in procurement?
5 / 50
Which document invites suppliers to submit proposals?
6 / 50
What is the most desirable payment method for an exporter?
7 / 50
What is 'confirming' in export finance?
8 / 50
What is “supplier development”?
9 / 50
What is the first step in a method study?
10 / 50
What is a crucial consideration in export pricing?
11 / 50
What are the flows in supply chain management
12 / 50
What does an export price quotation include?
13 / 50
The ability of logistics to meet current and future customer strategic requirements
14 / 50
What does the theory of regional complementarity explain?
15 / 50
What does KPI stand for in supplier performance?
16 / 50
What is a potential disadvantage of diversification?
17 / 50
Which is NOT a consideration for selecting a method study?
18 / 50
What is a benefit of production specialization?
19 / 50
What does “supplier segmentation” help organisations do?
20 / 50
What does “conflict resolution” involve in supplier relationships?
21 / 50
What economic aspect is important in method study?
22 / 50
What is a disadvantage of an open account for the exporter?
23 / 50
A document certifying the origin of products being exported
24 / 50
Which document describes WHAT the product/service must DO?*
25 / 50
What does “make or buy” decision involve?
26 / 50
What is the primary aim of method study in manufacturing?
27 / 50
What is a major factor to consider regarding customer expectation?
28 / 50
A performance specification focuses on
29 / 50
What is 'progress reporting' in production planning?
30 / 50
Scope creep occurs when:
31 / 50
How does export credit insurance help exporters?
32 / 50
Which is NOT part of supplier evaluation criteria?
33 / 50
What is a reason for a company to diversify?
34 / 50
Exploiting labour is an example of …
35 / 50
Which sourcing strategy focuses on ONE supplier?
36 / 50
Customers are …
37 / 50
What does an 'open account' agreement in export involve?
38 / 50
What is a key benefit of competitive tendering?
39 / 50
Why is early stakeholder involvement important?
40 / 50
Julia works for a company that buys in diamonds and creates jewellery. In which sector is Julia employed?*
41 / 50
What should be the starting point in product design?
42 / 50
Which of the following is a definition of the term ‘supply chain’?
43 / 50
What do factoring houses do?
44 / 50
How many stages are there within the procurement cycle?
45 / 50
The note should be issued if the supplier complies to specification
46 / 50
What is Time Series Forecasting?
47 / 50
The first step of material sourcing plan stages is
48 / 50
The final stage of material sourcing plan is
49 / 50
What business activities does SCM cover?
50 / 50
The first four stages of the sourcing process are:*
Identify need, ______, request quotation, receive quotation
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