Purchasing and Supply Chain Management
Welcome to the Purchasing and Supply Chain Management Exam
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1 / 50
Which sourcing strategy focuses on ONE supplier?
2 / 50
What is a “preferred supplier”?
3 / 50
The purchase order is
4 / 50
How many stages are there within the procurement cycle?
5 / 50
Which tool is commonly used to track supplier performance?
6 / 50
Exploiting labour is an example of …
7 / 50
What does “supplier segmentation” help organisations do?
8 / 50
Customers are …
9 / 50
What is a potential drawback of work specialization?
10 / 50
Which is NOT a consideration for selecting a method study?
11 / 50
Which communication method is BEST for resolving urgent supplier issues?
12 / 50
What should be the starting point in product design?
13 / 50
Pre-qualification questionnaires are used to:
14 / 50
What is 'diversification' in business?
15 / 50
What is the purpose of a warehouse
16 / 50
How does export credit insurance help exporters?
17 / 50
What does “make or buy” decision involve?
18 / 50
Which is NOT a typical stakeholder in defining business needs?
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The ability of logistics to meet current and future customer strategic requirements
20 / 50
The ability of logistics to meet current and future customer tactical requirements
21 / 50
What is a major factor to consider regarding customer expectation?
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What is 'concentric diversification'?
23 / 50
What is 'specialization' in production?
24 / 50
Scope creep occurs when:
25 / 50
What does KPI stand for in supplier performance?
26 / 50
What is the purpose of a tender?
27 / 50
What is a key benefit of competitive tendering?
28 / 50
A performance specification focuses on
29 / 50
What is a consignment in export terms?
30 / 50
The act of obtaining seller responses, selecting a seller, and awarding a contract is
31 / 50
What does KPI stand for?
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Which type of specification describes HOW something is built?
33 / 50
Meeting between the buyer and all prospective sellers prior to submittal of a bid or proposal
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What is a 'process' in TQM?
35 / 50
What is the most desirable payment method for an exporter?
36 / 50
Why is early stakeholder involvement important?
37 / 50
What does the theory of regional complementarity explain?
38 / 50
What is 'progress reporting' in production planning?
39 / 50
The first step of material sourcing plan stages is
40 / 50
What is the formula for linear regression
41 / 50
What does an export price quotation include?
42 / 50
What economic aspect is important in method study?
43 / 50
Who typically owns the business need definition process?
44 / 50
What is Linear Regression?
45 / 50
What are the factors affecting channel selection
46 / 50
The final stage of material sourcing plan is
47 / 50
A primary aim of a procurement professional must be to achieve …*
48 / 50
What does TQM aim to do?
49 / 50
The primary purpose of defining business needs is to
50 / 50
In order to ensure value for money organisations must strive for …
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