Question 1

Inland water carriers typically transport finished or semifinished products because of the lengthy in-transit time.

Accepted Answer

A) True 
 B)False

Question 2

Oftentimes, a single mode of transportation may prove inadequate for a specific shipment.

Accepted Answer

A) True 
 B)False

Question 3

Moving to a centralized process for procuring professional services does not allow the buying company to leverage its corporate buying power.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is not one of the major transportation service linkages throughout a typical supply chain?​

Accepted Answer

A) Production planning. 
B) Inbound logistics 
C) Intraorganizational movements. 
D) Outbound logistics. 
E) Recovery and recycling. 
A) Production planning. 
B) Inbound logistics 
C) Intraorganizational movements. 
D) Outbound logistics. 
E) Recovery and recycling.

Question 5

More effective control of inbound shipment costs usually requires purchasing goods under a shipping designation of FOB destination.

Accepted Answer

A) True 
 B)False

Question 6

Because of the huge quantities involved, deciding on the use of pipeline is rarely something a buyer needs to consider.

Accepted Answer

A) True 
 B)False

Question 7

Top management should consider adequate buy-in from affected employees and other stakeholders before defining the final scope of the project.

Accepted Answer

A) True 
 B)False

Question 8

Motor carriers are characterized by _____ variable costs, while rail carriers have comparatively _____ fixed costs.

Accepted Answer

A) higher….high 
B) lower….high 
C) higher….low 
D) lower….low 
E) There is no difference in variable and fixed costing between motor and rail carriers. 
A) higher….high 
B) lower….high 
C) higher….low 
D) lower….low 
E) There is no difference in variable and fixed costing between motor and rail carriers.

Question 9

Freight shipped _____ means the supplier retains title to the goods and controls the shipment until it is physically received and off-loaded at the consignee's dock.

Accepted Answer

A) FOB carrier 
B) FOB origin 
C) FOB destination 
D) FOB in transit 
E) None of these answers. 
A) FOB carrier 
B) FOB origin 
C) FOB destination 
D) FOB in transit 
E) None of these answers.

Question 10

Which of the following is not an advantage of centralizing professional service procurement?

Accepted Answer

A) Increase the accountability of outside consultants to the buyer by increasing the monitoring and auditing of services provided. 
B) Lead to the ability to reduce the number of professional service providers. 
C) Reduce service provider redundancy. 
D) Reduce the likelihood of unnecessary charges. 
E) Improve the working relationship between internal user and professional service provider. 
A) Increase the accountability of outside consultants to the buyer by increasing the monitoring and auditing of services provided. 
B) Lead to the ability to reduce the number of professional service providers. 
C) Reduce service provider redundancy. 
D) Reduce the likelihood of unnecessary charges. 
E) Improve the working relationship between internal user and professional service provider.

Question 11

In purchasing professional services, it is not important for a standard contract template or format to be developed by the organization's legal department because there are so many types of professional services and providers.

Accepted Answer

A) True 
 B)False

Question 12

All of the following are types of information a 3PL should provide to the buyer except _____.

Accepted Answer

A) choice of mode 
B) number of carriers providing inbound, intraorganizational, and outbound transportation services 
C) total transportation expenditures by specific carrier and/or mode of transportation 
D) breakdowns of volumes by commodity, product family, or type of material 
E) percentage of shipments arranged by suppliers versus by buyers 
A) choice of mode 
B) number of carriers providing inbound, intraorganizational, and outbound transportation services 
C) total transportation expenditures by specific carrier and/or mode of transportation 
D) breakdowns of volumes by commodity, product family, or type of material 
E) percentage of shipments arranged by suppliers versus by buyers

Question 13

Whenever a supplier ships FOB destination, the buyer often loses the ability to track or control its inbound transportation expenses which also artificially increases the value of the buyer's inventory.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is not one of the disadvantages of rail carrier over other modes of transportation?

Accepted Answer

A) Seasonal availability. 
B) Limited access to rail line. 
C) Longer in-transit lead times. 
D) Less flexible - may not have rails to all locations. 
E) Limited access to rail spur. 
A) Seasonal availability. 
B) Limited access to rail line. 
C) Longer in-transit lead times. 
D) Less flexible - may not have rails to all locations. 
E) Limited access to rail spur.

Question 15

Assigning and maintaining accurate and truly representative commodity codes for indirect goods and services across an enterprise is relatively easy.

Accepted Answer

A) True 
 B)False

Question 16

A/An _____ serves the transportation requirements of the party with which it has a legal agreement and provides only those services that have been negotiated with the shipper at a mutually agreed upon price.

Accepted Answer

A) intermodal carrier 
B) private carrier 
C) common carrier 
D) exempt carrier 
E) contract carrier 
A) intermodal carrier 
B) private carrier 
C) common carrier 
D) exempt carrier 
E) contract carrier

Question 17

By limiting internal requisitioners to previously approved catalogs of already contracted goods and services from preselected and approved suppliers, volume commitments to approved suppliers can be achieved and maverick spending reduced.

Accepted Answer

A) True 
 B)False

Question 18

The greatest competition between domestic transportation modes involves rail and motor carriers.

Accepted Answer

A) True 
 B)False

Question 19

Exempt carriers are highly regulated economically by the Surface Transportation Board.

Accepted Answer

A) True 
 B)False

Inland water carriers typically transport finished or semifinished products because of the lengthy in-transit time.

Oftentimes, a single mode of transportation may prove inadequate for a specific shipment.

Moving to a centralized process for procuring professional services does not allow the buying company to leverage its corporate buying power.

Which of the following is not one of the major transportation service linkages throughout a typical supply chain?

More effective control of inbound shipment costs usually requires purchasing goods under a shipping designation of FOB destination.

Because of the huge quantities involved, deciding on the use of pipeline is rarely something a buyer needs to consider.

Top management should consider adequate buy-in from affected employees and other stakeholders before defining the final scope of the project.

Motor carriers are characterized by _ variable costs, while rail carriers have comparatively _ fixed costs.

Freight shipped _____ means the supplier retains title to the goods and controls the shipment until it is physically received and off-loaded at the consignee's dock.

Which of the following is not an advantage of centralizing professional service procurement?

In purchasing professional services, it is not important for a standard contract template or format to be developed by the organization's legal department because there are so many types of professional services and providers.

All of the following are types of information a 3PL should provide to the buyer except _____.

Whenever a supplier ships FOB destination, the buyer often loses the ability to track or control its inbound transportation expenses which also artificially increases the value of the buyer's inventory.

Which of the following is not one of the disadvantages of rail carrier over other modes of transportation?

Assigning and maintaining accurate and truly representative commodity codes for indirect goods and services across an enterprise is relatively easy.

A/An _____ serves the transportation requirements of the party with which it has a legal agreement and provides only those services that have been negotiated with the shipper at a mutually agreed upon price.

By limiting internal requisitioners to previously approved catalogs of already contracted goods and services from preselected and approved suppliers, volume commitments to approved suppliers can be achieved and maverick spending reduced.

The greatest competition between domestic transportation modes involves rail and motor carriers.

Exempt carriers are highly regulated economically by the Surface Transportation Board.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 17: Purchasing Services

Inland water carriers typically transport finished or semifinished products because of the lengthy in-transit time.

Oftentimes, a single mode of transportation may prove inadequate for a specific shipment.

Moving to a centralized process for procuring professional services does not allow the buying company to leverage its corporate buying power.

Which of the following is not one of the major transportation service linkages throughout a typical supply chain?​

More effective control of inbound shipment costs usually requires purchasing goods under a shipping designation of FOB destination.

Because of the huge quantities involved, deciding on the use of pipeline is rarely something a buyer needs to consider.

Top management should consider adequate buy-in from affected employees and other stakeholders before defining the final scope of the project.

Motor carriers are characterized by _____ variable costs, while rail carriers have comparatively _____ fixed costs.

Freight shipped _____ means the supplier retains title to the goods and controls the shipment until it is physically received and off-loaded at the consignee's dock.

Which of the following is not an advantage of centralizing professional service procurement?

In purchasing professional services, it is not important for a standard contract template or format to be developed by the organization's legal department because there are so many types of professional services and providers.

All of the following are types of information a 3PL should provide to the buyer except _____.

Whenever a supplier ships FOB destination, the buyer often loses the ability to track or control its inbound transportation expenses which also artificially increases the value of the buyer's inventory.

Which of the following is not one of the disadvantages of rail carrier over other modes of transportation?

Assigning and maintaining accurate and truly representative commodity codes for indirect goods and services across an enterprise is relatively easy.

A/An _____ serves the transportation requirements of the party with which it has a legal agreement and provides only those services that have been negotiated with the shipper at a mutually agreed upon price.

By limiting internal requisitioners to previously approved catalogs of already contracted goods and services from preselected and approved suppliers, volume commitments to approved suppliers can be achieved and maverick spending reduced.

The greatest competition between domestic transportation modes involves rail and motor carriers.

Exempt carriers are highly regulated economically by the Surface Transportation Board.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Which of the following is not one of the major transportation service linkages throughout a typical supply chain?

Motor carriers are characterized by _ variable costs, while rail carriers have comparatively _ fixed costs.