Sourcing Management mcq Quiz Set 2

1. The terms purchasing and procurement should not be seen as synonymous. As such, which of the following statements do you think has greatest validity?

Correct! Wrong!

2. The electronic integration and management of all procurement activities including purchase request, authorization, ordering, delivery and payment between a purchaser and supplier is known as_____?

Correct! Wrong!

3. The range of potential options for improving purchasing processes are indicated by benefits described by the Chartered Institute of Purchasing and Supply such as_____?

Correct! Wrong!

4. Generally, which sequence is most typical of the procurement process?

Correct! Wrong!

5. E-procurement aims to improve performance of what is known as the 'five rights of purchasing'. One aim of e-procurement is increasing savings by sourcing items_____?

Correct! Wrong!

6. Another aim of e-procurement is increased choice of supplier leading to sourcing items_____?

Correct! Wrong!

7. A recent simple classification of different types or applications of e-procurement was produced by Smart. Which of the following is NOT one of these?

Correct! Wrong!

8. What is the term used to describe where supply chain partners manage the replenishment of parts or items for sale? They do this through the sharing of information on variations in demand and stock levels for goods used for manufacture or sale.

Correct! Wrong!

9. There are barriers and risks involved in adopting e-procurement. Which of the following is NOT regarded as a risk or barrier?

Correct! Wrong!

10. In future, some suggest that the task of searching for suppliers and products may be taken over by a programme which automatically gathers information from the Internet_____?

Correct! Wrong!

11. Of the following, which is an e-procurement benefit related to budgetary control?

Correct! Wrong!

12. Which of the following describes the stock control system element of an e-procurement system?

Correct! Wrong!

13. Production related procurement refers to the purchasing of_____?

Correct! Wrong!

14. Negotiated contracts with regular suppliers typically in long-term relationships is an example of_____?

Correct! Wrong!

15. Fulfillment of an immediate need, typically of a commoditised item for which it is less important to know the credibility of the supplier is an example of_____?

Correct! Wrong!

16. For B2B transactions involved with e-procurement, the merchant site should facilitate_____?

Correct! Wrong!

Sourcing Management mcq Quiz Set 2

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