Question 1

Electronic data interchange (EDI)provides:

Accepted Answer

A) secure transmission of large amounts of data,but with slow turnaround. 
B) secure transmission,greater accuracy and shorter process cycle time for all data. 
C) slow processing of large amounts of data,but with greater accuracy. 
D) longer process cycle time,but with greater accuracy. 
E) secure and rapid transmission of small amounts of data. 
A) secure transmission of large amounts of data,but with slow turnaround. 
B) secure transmission,greater accuracy and shorter process cycle time for all data. 
C) slow processing of large amounts of data,but with greater accuracy. 
D) longer process cycle time,but with greater accuracy. 
E) secure and rapid transmission of small amounts of data. B

Question 2

Information systems technology can:

Accepted Answer

A) increase data accessibility and transmission speed,but increases costs. 
B) enable system integration across functions,but not data accuracy. 
C) increase data accuracy and accessibility at lower cost. 
D) enable speedier communication internally,but not externally with suppliers. 
E) enable system integration,but increases time spent on tactical issues. 
A) increase data accessibility and transmission speed,but increases costs. 
B) enable system integration across functions,but not data accuracy. 
C) increase data accuracy and accessibility at lower cost. 
D) enable speedier communication internally,but not externally with suppliers. 
E) enable system integration,but increases time spent on tactical issues. C

Question 3

If the buyer does not have a clear and unambiguous description or specification and wants to find out which supplier can deliver the best value when and where needed,he or she will typically issue a:

Accepted Answer

A) request for quotation (RFQ). 
B) request for proposal (RFP). 
C) request for information (RFI). 
D) request for bid (RF
B) . 
E) request for suggestions (RFS). 
A) request for quotation (RFQ). 
B) request for proposal (RFP). 
C) request for information (RFI). 
D) request for bid (RF
B) . 
E) request for suggestions (RFS). B

Question 4

Online reverse auctions have been most effective when:

Accepted Answer

A) there are a limited number of suppliers available. 
B) the organization owns the technology to run the auction. 
C) the good or service is unique or highly customized. 
D) the market conditions favor sellers. 
E) technological,logistical and commercial specifications are clear. 
A) there are a limited number of suppliers available. 
B) the organization owns the technology to run the auction. 
C) the good or service is unique or highly customized. 
D) the market conditions favor sellers. 
E) technological,logistical and commercial specifications are clear.

Question 5

Application software for the procurement process is available:

Accepted Answer

A) only through an (ERP)system. 
B) only from a systems developer who develops a customized application. 
C) only from a cloud solution. 
D) from an ERP system or systems developer,but not from a cloud solution. 
E) from an ERP system,a systems developer,or a cloud solution. 
A) only through an (ERP)system. 
B) only from a systems developer who develops a customized application. 
C) only from a cloud solution. 
D) from an ERP system or systems developer,but not from a cloud solution. 
E) from an ERP system,a systems developer,or a cloud solution.

Question 6

Invoice clearance and payment procedures:

Accepted Answer

A) are best performed by the user or specifier. 
B) are the same for goods and services. 
C) are most effective when performed by a person in accounts payable. 
D) may be streamlined with an invoiceless system within an e-procurement system. 
E) may stipulate dropping a supplier if a variance exceeds a set amount. 
A) are best performed by the user or specifier. 
B) are the same for goods and services. 
C) are most effective when performed by a person in accounts payable. 
D) may be streamlined with an invoiceless system within an e-procurement system. 
E) may stipulate dropping a supplier if a variance exceeds a set amount.

Question 7

Small dollar value purchase orders for MRO can be efficiently and effectively managed by:

Accepted Answer

A) increasing the number of customized items. 
B) implementing a vendor- or supplier-managed inventory system. 
C) putting purchases on separate purchase orders. 
D) entering into contracts for each item. 
E) giving buyers unlimited access to petty cash. 
A) increasing the number of customized items. 
B) implementing a vendor- or supplier-managed inventory system. 
C) putting purchases on separate purchase orders. 
D) entering into contracts for each item. 
E) giving buyers unlimited access to petty cash.

Question 8

Corporate purchasing cards are issued to:

Accepted Answer

A) internal customers to purchase low-dollar,high-volume goods and services. 
B) internal customers to purchase high-dollar,technical,production materials. 
C) supply department staff to speed acquisition of rush orders and small value orders. 
D) internal customers to purchase high and low dollar and volume goods and services. 
E) supply department personnel to eliminate purchase orders and individual invoices. 
A) internal customers to purchase low-dollar,high-volume goods and services. 
B) internal customers to purchase high-dollar,technical,production materials. 
C) supply department staff to speed acquisition of rush orders and small value orders. 
D) internal customers to purchase high and low dollar and volume goods and services. 
E) supply department personnel to eliminate purchase orders and individual invoices.

Question 9

Radio frequency identification (RFID)will:

Accepted Answer

A) eliminate bar coding and manual counting. 
B) eliminate further investment in information technology. 
C) supplement bar coding to reduce theft. 
D) be more cost effective to implement than bar coding. 
E) improve data capture but slow down inventory picking. 
A) eliminate bar coding and manual counting. 
B) eliminate further investment in information technology. 
C) supplement bar coding to reduce theft. 
D) be more cost effective to implement than bar coding. 
E) improve data capture but slow down inventory picking.

Question 10

The three options for soliciting business from potential suppliers are:

Accepted Answer

A) request for information (RFI),request for quotation (RFQ)and request for proposal (RFP). 
B) request for quotation (RFQ),request for proposal (RFP)and request or invitation for bid (RFB or IF
B) . 
C) request for quotation (RFQ),request for confirmation (RF
C) and request for proposal (RFP). 
D) request for information (RFI),request for proposal (RFP),and request or invitation for bid (RFB or IF
B) . 
E) request for quotation (RFQ),request for price (RFP),and request or invitation for bid (RFB or IF
B) . 
A) request for information (RFI),request for quotation (RFQ)and request for proposal (RFP). 
B) request for quotation (RFQ),request for proposal (RFP)and request or invitation for bid (RFB or IF
B) . 
C) request for quotation (RFQ),request for confirmation (RF
C) and request for proposal (RFP). 
D) request for information (RFI),request for proposal (RFP),and request or invitation for bid (RFB or IF
B) . 
E) request for quotation (RFQ),request for price (RFP),and request or invitation for bid (RFB or IF
B) .

Electronic data interchange (EDI)provides:

Information systems technology can:

If the buyer does not have a clear and unambiguous description or specification and wants to find out which supplier can deliver the best value when and where needed,he or she will typically issue a:

Online reverse auctions have been most effective when:

Application software for the procurement process is available:

Invoice clearance and payment procedures:

Small dollar value purchase orders for MRO can be efficiently and effectively managed by:

Corporate purchasing cards are issued to:

Radio frequency identification (RFID)will:

The three options for soliciting business from potential suppliers are:

Purchasing and Supply Management

Supply Strategy

Supply Organization

Make or Buy, Insourcing, and Outsourcing

Need Identification and Specification

Quality

Quantity and Inventory

Delivery

Price

Cost Management

Supplier Selection

Supplier Evaluation and Supplier Relationships

Global Supply Management

Legal and Ethics

Other Supply Responsibilities

Supply Function Evaluation and Trends

Filters

Exam 4: Supply Processes and Technology

Electronic data interchange (EDI)provides:

Information systems technology can:

If the buyer does not have a clear and unambiguous description or specification and wants to find out which supplier can deliver the best value when and where needed,he or she will typically issue a:

Online reverse auctions have been most effective when:

Application software for the procurement process is available:

Invoice clearance and payment procedures:

Small dollar value purchase orders for MRO can be efficiently and effectively managed by:

Corporate purchasing cards are issued to:

Radio frequency identification (RFID)will:

The three options for soliciting business from potential suppliers are:

Purchasing and Supply Management

Supply Strategy

Supply Organization

Make or Buy, Insourcing, and Outsourcing

Need Identification and Specification

Quality

Quantity and Inventory

Delivery

Price

Cost Management

Supplier Selection

Supplier Evaluation and Supplier Relationships

Global Supply Management

Legal and Ethics

Other Supply Responsibilities

Supply Function Evaluation and Trends

Filters