Multiple Choice #15 Flashcards
The process by which companies acquire raw materials, components, products, services, and other resources from suppliers to execute their operations is
A) procurement.
B) sourcing.
C) supplier scoring and assessment.
D) supplier selection.
A) procurement.
The entire set of business processes required to purchase goods and services is
A) procurement.
B) sourcing.
C) supplier scoring and assessment.
D) supplier selection.
B) sourcing.
The process used to rate supplier performance is
A) procurement.
B) sourcing.
C) supplier scoring and assessment.
D) supplier selection.
C) supplier scoring and assessment.
Using the output from supplier scoring and assessment to identify the appropriate supplier(s) is
A) procurement.
B) sourcing.
C) supplier scoring and assessment.
D) supplier selection.
D) supplier selection.
The selection of suppliers, design of supplier contracts, product design collaboration, procurement of material, and evaluation of supplier performance are a part of
A) procurement.
B) sourcing.
C) supplier scoring and assessment.
D) supplier selection.
B) sourcing.
Price has traditionally been the only dimension that suppliers have been compared on during the process of
A) procurement.
B) sourcing.
C) supplier scoring and assessment.
D) supplier selection.
C) supplier scoring and assessment.
Supplier characteristics such as lead time, reliability, quality, and design capability that impact the total cost of doing business with a supplier should be considered during the process of
A) procurement.
B) sourcing.
C) supplier scoring and assessment.
D) supplier selection.
C) supplier scoring and assessment.
Design collaboration is important because
A) about 80 percent of the cost of a product is determined during design.
B) it ensures that any design changes are communicated effectively to all parties involved with designing and manufacturing the product.
C) the supplier sends product in response to orders placed by the buyer.
D) A and B
D) A and B
The goal of procurement is
A) to analyze spending across various suppliers and component categories to identify opportunities for decreasing the total cost.
B) to analyze spending across various suppliers and component categories to identify opportunities for increasing the total cost.
C) to enable orders to be placed and delivered on schedule at the lowest possible overall cost.
D) to enable orders to be placed and delivered on schedule regardless of cost.
C) to enable orders to be placed and delivered on schedule at the lowest possible overall cost.
The role of sourcing planning and analysis is
A) to analyze spending across various suppliers and component categories to identify opportunities for decreasing the total cost.
B) to analyze spending across various suppliers and component categories to identify opportunities for increasing the total cost.
C) to enable orders to be placed and delivered on schedule at the lowest possible overall cost.
D) to enable orders to be placed and delivered on schedule regardless of cost.
A) to analyze spending across various suppliers and component categories to identify opportunities for decreasing the total cost.
