Question 1

Used under the right conditions, teams provide all of the following benefits to organizations except _____.

Accepted Answer

A)  synergies gained from a wider range of knowledge through collaboration 
B)  guaranteed success when using a team 
C)  better decision making 
D)  creation of a more involved workforce 
E)  facilitation of improved products and services 
A)  synergies gained from a wider range of knowledge through collaboration 
B)  guaranteed success when using a team 
C)  better decision making 
D)  creation of a more involved workforce 
E)  facilitation of improved products and services

Question 2

All of the following are major areas of the scope of purchasing and supply management jobs in larger organizations except _____.

Accepted Answer

A)  material handling 
B)  sourcing, negotiation, and contract management 
C)  market intelligence and research 
D)  operational support and follow-up 
E)  administration and data management 
A)  material handling 
B)  sourcing, negotiation, and contract management 
C)  market intelligence and research 
D)  operational support and follow-up 
E)  administration and data management

Question 3

The _____ task involves identifying company spend and matching to the best potential suppliers, negotiating with selected suppliers, and finally managing the contract.

Accepted Answer

A)  market intelligence and research 
B)  operational support and follow-up 
C)  administration and data management 
D)  sourcing, negotiation, and contract management 
E)  material handling 
A)  market intelligence and research 
B)  operational support and follow-up 
C)  administration and data management 
D)  sourcing, negotiation, and contract management 
E)  material handling

Question 4

Few of the tasks that qualify as operational support are being streamlined or automated, especially with the advent of e-purchasing systems.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not an advantage of centralized or center-led purchasing structures?

Accepted Answer

A)  Enhanced product development support at the business unit level. 
B)  Leverage purchase volumes. 
C)  Coordination of purchasing strategies and plans. 
D)  Development of specialized expertise. 
E)  Reduced duplication of purchasing effort. 
A)  Enhanced product development support at the business unit level. 
B)  Leverage purchase volumes. 
C)  Coordination of purchasing strategies and plans. 
D)  Development of specialized expertise. 
E)  Reduced duplication of purchasing effort.

Question 6

The skills required for a strategic focus are the same as those required for an operational focus.

Accepted Answer

A) True 
 B)False

Question 7

All of the following should be included in detailed short- and long-term purchasing plans except _____.

Accepted Answer

A)  historical and projected future usage of the purchased item 
B)  purchase objectives 
C)  assignment of the proper cost accounting code 
D)  assessment of the supply market 
E)  cost/price analysis 
A)  historical and projected future usage of the purchased item 
B)  purchase objectives 
C)  assignment of the proper cost accounting code 
D)  assessment of the supply market 
E)  cost/price analysis

Question 8

In the use of [a] _____, a group of operating units buys common items, typically because they produce common products.

Accepted Answer

A)  procurement cards 
B)  regional buying council 
C)  global sourcing council 
D)  lead division buying 
E)  corporate purchasing council 
A)  procurement cards 
B)  regional buying council 
C)  global sourcing council 
D)  lead division buying 
E)  corporate purchasing council

Question 9

Managing day-to-day supply management operations is substantially the same as managing longer-term responsibilities.

Accepted Answer

A) True 
 B)False

Question 10

Use of a _____ is most advantageous where geographic concentration exists within a company.

Accepted Answer

A)  regional buying group 
B)  business unit leader 
C)  corporate purchasing council 
D)  corporate steering committee 
E)  None of the above. 
A)  regional buying group 
B)  business unit leader 
C)  corporate purchasing council 
D)  corporate steering committee 
E)  None of the above.

Question 11

Not all observers agree that the use of teams is a guarantee of greater effectiveness.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not one of the hurdles that can affect how well an organization uses teams?

Accepted Answer

A)  Many organizations form teams using functional group employees as part-time members. 
B)  There are increased requirements for the use of social networks. 
C)  Many organizations fail to recognize and reward the effort team members put forth towards their assignments. 
D)  It is not the nature of our individualistic national culture, except perhaps for sporting events, to be group or team focused. 
E)  All of the above are hurdles that affect how well an organization uses teams. 
A)  Many organizations form teams using functional group employees as part-time members. 
B)  There are increased requirements for the use of social networks. 
C)  Many organizations fail to recognize and reward the effort team members put forth towards their assignments. 
D)  It is not the nature of our individualistic national culture, except perhaps for sporting events, to be group or team focused. 
E)  All of the above are hurdles that affect how well an organization uses teams.

Question 13

The advantage of center-led organizations is their ability to garner savings on common purchases yet allow local purchasing decisions on unique items.

Accepted Answer

A) True 
 B)False

Used under the right conditions, teams provide all of the following benefits to organizations except _____.

All of the following are major areas of the scope of purchasing and supply management jobs in larger organizations except _____.

The _____ task involves identifying company spend and matching to the best potential suppliers, negotiating with selected suppliers, and finally managing the contract.

Few of the tasks that qualify as operational support are being streamlined or automated, especially with the advent of e-purchasing systems.

Which of the following is not an advantage of centralized or center-led purchasing structures?

The skills required for a strategic focus are the same as those required for an operational focus.

All of the following should be included in detailed short- and long-term purchasing plans except _____.

In the use of [a] _____, a group of operating units buys common items, typically because they produce common products.

Managing day-to-day supply management operations is substantially the same as managing longer-term responsibilities.

Use of a _____ is most advantageous where geographic concentration exists within a company.

Not all observers agree that the use of teams is a guarantee of greater effectiveness.

Which of the following is not one of the hurdles that can affect how well an organization uses teams?

The advantage of center-led organizations is their ability to garner savings on common purchases yet allow local purchasing decisions on unique items.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Category 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

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 5: Purchasing and Supply Management Organization

Used under the right conditions, teams provide all of the following benefits to organizations except _____.

All of the following are major areas of the scope of purchasing and supply management jobs in larger organizations except _____.

The _____ task involves identifying company spend and matching to the best potential suppliers, negotiating with selected suppliers, and finally managing the contract.

Few of the tasks that qualify as operational support are being streamlined or automated, especially with the advent of e-purchasing systems.

Which of the following is not an advantage of centralized or center-led purchasing structures?

The skills required for a strategic focus are the same as those required for an operational focus.

All of the following should be included in detailed short- and long-term purchasing plans except _____.

In the use of [a] _____, a group of operating units buys common items, typically because they produce common products.

Managing day-to-day supply management operations is substantially the same as managing longer-term responsibilities.

Use of a _____ is most advantageous where geographic concentration exists within a company.

Not all observers agree that the use of teams is a guarantee of greater effectiveness.

Which of the following is not one of the hurdles that can affect how well an organization uses teams?

The advantage of center-led organizations is their ability to garner savings on common purchases yet allow local purchasing decisions on unique items.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Category 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

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters