Question 1

Local suppliers are less responsive to the buying firm's changing needs and cannot economically make frequent smaller deliveries.

Accepted Answer

A) True 
 B)False

Question 2

The complexity and value of a required purchase does not influence the extent to which a buyer evaluates potential supply sources.

Accepted Answer

A) True 
 B)False

Question 3

Traditional purchasers understand the risk/reward tradeoff and are prepared to manage it better to attain overall lower costs.

Accepted Answer

A) True 
 B)False

Question 4

A/An _____ is a minor departure from an intended level of performance, or a nonconformance that is easily resolved and does not materially affect the required output.

Accepted Answer

A)  discrepancy 
B)  problem 
C)  defect 
D)  unacceptable outcome 
E)  deficiency 
A)  discrepancy 
B)  problem 
C)  defect 
D)  unacceptable outcome 
E)  deficiency

Question 5

Buyers seldom receive and evaluate detailed information directly from potential suppliers for the purpose of awarding a purchase contract.

Accepted Answer

A) True 
 B)False

Question 6

Trade shows are seldom an ineffective way to gain exposure to a large number of suppliers at one time.

Accepted Answer

A) True 
 B)False

Question 7

Progressive purchasing groups increasingly anticipate rather than react to supplier selection needs.

Accepted Answer

A) True 
 B)False

Question 8

The degree of effort associated with supplier selection is inversely related to the importance of the required good or service.

Accepted Answer

A) True 
 B)False

Question 9

_____ involves the identification of the steps, activities, time, and costs involved within a process.

Accepted Answer

A)  Data warehousing 
B)  Co-location 
C)  Process mapping 
D)  Supply base optimization 
E)  TQM 
A)  Data warehousing 
B)  Co-location 
C)  Process mapping 
D)  Supply base optimization 
E)  TQM

Question 10

Purchasing from competitors may limit information sharing between the parties.

Accepted Answer

A) True 
 B)False

Question 11

The format of a supplier evaluation should not provide any flexibility across different types of purchase requirements.

Accepted Answer

A) True 
 B)False

Question 12

A well-defined supplier evaluation scoring systems takes criteria that may be highly subjective and develops a quantitative scale for measurement.

Accepted Answer

A) True 
 B)False

Question 13

A _____ is responsible for understanding in depth entire families or groups of purchased goods and services.

Accepted Answer

A)  third party 
B)  general buyer 
C)  preferred supplier 
D)  long-term buyer-supplier relationship 
E)  commodity team 
A)  third party 
B)  general buyer 
C)  preferred supplier 
D)  long-term buyer-supplier relationship 
E)  commodity team

Question 14

Most purchase contracts address areas that are similar.

Accepted Answer

A) True 
 B)False

Question 15

The _____ buys from the OEM and resells, therefore incurring a transaction cost, and it must make a profit.

Accepted Answer

A)  vendo 
B)  customer 
C)  preferred supplier 
D)  single source supplier 
E)  distributor 
A)  vendo 
B)  customer 
C)  preferred supplier 
D)  single source supplier 
E)  distributor

Question 16

Using existing suppliers, because it is easier and quicker, is always the best long-term approach.

Accepted Answer

A) True 
 B)False

Question 17

Many purchasers prefer to focus on suppliers who have the "capability to do the job" regardless of size.

Accepted Answer

A) True 
 B)False

Question 18

Suppliers seldom use trade journals to advertise their products or services.

Accepted Answer

A) True 
 B)False

Local suppliers are less responsive to the buying firm's changing needs and cannot economically make frequent smaller deliveries.

The complexity and value of a required purchase does not influence the extent to which a buyer evaluates potential supply sources.

Traditional purchasers understand the risk/reward tradeoff and are prepared to manage it better to attain overall lower costs.

A/An _____ is a minor departure from an intended level of performance, or a nonconformance that is easily resolved and does not materially affect the required output.

Buyers seldom receive and evaluate detailed information directly from potential suppliers for the purpose of awarding a purchase contract.

Trade shows are seldom an ineffective way to gain exposure to a large number of suppliers at one time.

Progressive purchasing groups increasingly anticipate rather than react to supplier selection needs.

The degree of effort associated with supplier selection is inversely related to the importance of the required good or service.

_____ involves the identification of the steps, activities, time, and costs involved within a process.

Purchasing from competitors may limit information sharing between the parties.

The format of a supplier evaluation should not provide any flexibility across different types of purchase requirements.

A well-defined supplier evaluation scoring systems takes criteria that may be highly subjective and develops a quantitative scale for measurement.

A _____ is responsible for understanding in depth entire families or groups of purchased goods and services.

Most purchase contracts address areas that are similar.

The _____ buys from the OEM and resells, therefore incurring a transaction cost, and it must make a profit.

Using existing suppliers, because it is easier and quicker, is always the best long-term approach.

Many purchasers prefer to focus on suppliers who have the "capability to do the job" regardless of size.

Suppliers seldom use trade journals to advertise their products or services.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

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 7: Supplier Evaluation and Selection

Local suppliers are less responsive to the buying firm's changing needs and cannot economically make frequent smaller deliveries.

The complexity and value of a required purchase does not influence the extent to which a buyer evaluates potential supply sources.

Traditional purchasers understand the risk/reward tradeoff and are prepared to manage it better to attain overall lower costs.

A/An _____ is a minor departure from an intended level of performance, or a nonconformance that is easily resolved and does not materially affect the required output.

Buyers seldom receive and evaluate detailed information directly from potential suppliers for the purpose of awarding a purchase contract.

Trade shows are seldom an ineffective way to gain exposure to a large number of suppliers at one time.

Progressive purchasing groups increasingly anticipate rather than react to supplier selection needs.

The degree of effort associated with supplier selection is inversely related to the importance of the required good or service.

_____ involves the identification of the steps, activities, time, and costs involved within a process.

Purchasing from competitors may limit information sharing between the parties.

The format of a supplier evaluation should not provide any flexibility across different types of purchase requirements.

A well-defined supplier evaluation scoring systems takes criteria that may be highly subjective and develops a quantitative scale for measurement.

A _____ is responsible for understanding in depth entire families or groups of purchased goods and services.

Most purchase contracts address areas that are similar.

The _____ buys from the OEM and resells, therefore incurring a transaction cost, and it must make a profit.

Using existing suppliers, because it is easier and quicker, is always the best long-term approach.

Many purchasers prefer to focus on suppliers who have the "capability to do the job" regardless of size.

Suppliers seldom use trade journals to advertise their products or services.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

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