Purchasing and Supply Chain Management
Welcome to the Purchasing and Supply Chain Management Exam
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1 / 50
The main purpose of supplier relationship management (SRM) is to:
2 / 50
The features of the purchase order
3 / 50
What are the factors affecting channel selection
4 / 50
What economic aspect is important in method study?
5 / 50
What are the methods used for Demand Forecasting
6 / 50
What is 'concentric diversification'?
7 / 50
What is the purpose of a warehouse
8 / 50
What does RFQ stand for?
9 / 50
The act of obtaining seller responses, selecting a seller, and awarding a contract is
10 / 50
The final stage of material sourcing plan is
11 / 50
What is 'confirming' in export finance?
12 / 50
Exploiting labour is an example of …
13 / 50
Meeting between the buyer and all prospective sellers prior to submittal of a bid or proposal
14 / 50
What is “supplier development”?
15 / 50
What should be the starting point in product design?
16 / 50
How does export credit insurance help exporters?
17 / 50
Customers are …
18 / 50
Which is NOT a consideration for selecting a method study?
19 / 50
What is the main purpose of issuing a pre-qualification questionnaire in procurement?
20 / 50
What is a benefit of production specialization?
21 / 50
Which of the following is a definition of the term ‘supply chain’?
22 / 50
A market with only one qualified seller existing
23 / 50
What does an export price quotation include?
24 / 50
A performance specification focuses on
25 / 50
Julia works for a company that buys in diamonds and creates jewellery. In which sector is Julia employed?*
26 / 50
What is 'specialization' in production?
27 / 50
The first four stages of the sourcing process are:*
Identify need, ______, request quotation, receive quotation
28 / 50
A document used when a pre-shipment inspection is arranged
29 / 50
What is a major factor to consider regarding customer expectation?
30 / 50
The purchase order is
31 / 50
Which tool is commonly used to track supplier performance?
32 / 50
Which communication method is BEST for resolving urgent supplier issues?
33 / 50
What does “conflict resolution” involve in supplier relationships?
34 / 50
Which is NOT part of supplier evaluation criteria?
35 / 50
What is the purpose of a tender?
36 / 50
What is Time Series Forecasting?
37 / 50
Why is early stakeholder involvement important?
38 / 50
What does KPI stand for?
39 / 50
What is a 'process' in TQM?
40 / 50
What does “supplier segmentation” help organisations do?
41 / 50
What is a drawback of 'cash in advance' for the buyer?
42 / 50
What is a crucial consideration in export pricing?
43 / 50
What do factoring houses do?
44 / 50
What is the most desirable payment method for an exporter?
45 / 50
What business activities does SCM cover?
46 / 50
What does KPI stand for in supplier performance?
47 / 50
The note should be issued if the supplier complies to specification
48 / 50
A statement of requirement should include:
49 / 50
What is 'progress reporting' in production planning?
50 / 50
In order to ensure value for money organisations must strive for …
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