In _____, there is an intense focus on identifying and eliminating common causes of
waste that add cost, time, and effort to the product or service while not adding value to
the customer.
a. supplier evaluation and selection process
b. the MBNQA
c. SIO 14000:2004
d. the Honda BP process
e. None of the above.
Contractual mistakes are covered under the UCC.
a. True
b. False
Which of the following is not one of the questions to be addressed when conducting a
spend analysis?
a. What did the business spend its money on over the past year?
b. Did the business receive the right amount of products and services given what it paid
for them?
c. What suppliers received the majority of the business, and did they charge an accurate
price across all the divisions in comparison to the requirements in the POs, contracts,
nad statements of work?
d. What was the on-time delivery performance for each supplier?
e. Which divisions of the business spent their money on products and services that were
correctly budgeted for?
Organizations tend to evolve through four phases as they become mature and
sophisticated in their supply management strategy development.
a. True
b. False
_____ is a process associated with defining the contract, defining roles and
responsibilities of both parties, and advising when to modify and ensure appropriate
escalation.
a. Spend analysis
b. Contract management
c. Cost management
d. Supplier selection
e. Category management
A/An _____ involves sending a preliminary survey to suppliers.
a. request for quotation
b. request for information
c. purchase order
d. order release
e. All of the above.
If a/an _____ currency is utilized, the _____ bears the currency risk and is likely to
build in additional contingency costs to cover its unknown risk.
a. suppliers¦supplier
b. buyers¦supplier
c. buyers¦buyer
d. suppliers¦buyer
e. Regardless of the currency chosen, both parties share the currency risk equally.
_____ refers to the process of downloading all data buckets into the main system on a
regularly scheduled basis.
a. DRP
b. Batch updating
c. DSS
d. Real-time updating
e. None of the above.
Copyright law requires a formal application, as does patent law.
a. True
b. False
The purpose of [a] _____ is to maximize value to the buyer and supplier by leveraging
both internal company and external supplier resources and capabilities.
a. purchase category strategy
b. just-in-time manufacturing
c. kanban
d. cost reduction
e. None of the above.
The physical co-location of a supplier engineer at a buying company is increasingly
becoming a part of the normal product development process structure.
a. True
b. False