Question 1

Company image may be directly influenced by:

Accepted Answer

A) treating suppliers in a fair and equitable manner. 
B) complying with regulatory requirements. 
C) sustainability practices of suppliers. 
D) treating suppliers in a fair and equitable manner,complying with regulatory requirements and sustainability practices of suppliers. 
E) complying with regulatory requirements and sustainability practices of suppliers. 
A) treating suppliers in a fair and equitable manner. 
B) complying with regulatory requirements. 
C) sustainability practices of suppliers. 
D) treating suppliers in a fair and equitable manner,complying with regulatory requirements and sustainability practices of suppliers. 
E) complying with regulatory requirements and sustainability practices of suppliers. D

Question 2

Evidence of the growth and influence of supply management in an organization includes:

Accepted Answer

A) fewer activities under the management or span of control of supply. 
B) meaningful involvement at the operational level. 
C) involvement in strategic planning. 
D) executive status of the chief supply officer. 
E) involvement in strategic planning and executive status of the chief supply officer. 
A) fewer activities under the management or span of control of supply. 
B) meaningful involvement at the operational level. 
C) involvement in strategic planning. 
D) executive status of the chief supply officer. 
E) involvement in strategic planning and executive status of the chief supply officer. E

Question 3

A successful supply chain management strategy integrates:

Accepted Answer

A) processes and systems within and across organizations. 
B) processes and systems within the organization. 
C) the flow of materials within an organization. 
D) the flow of information within the buying organization. 
E) the flow of information with first tier suppliers. 
A) processes and systems within and across organizations. 
B) processes and systems within the organization. 
C) the flow of materials within an organization. 
D) the flow of information within the buying organization. 
E) the flow of information with first tier suppliers. A

Question 4

The design and management of seamless,value-added processes across organizational boundaries to meet the needs of the end customer is called:

Accepted Answer

A) supply chain management. 
B) strategic sourcing. 
C) value management. 
D) customer relationship management. 
E) strategic process management. 
A) supply chain management. 
B) strategic sourcing. 
C) value management. 
D) customer relationship management. 
E) strategic process management.

Question 5

The return on assets effect (ROA)quantifies and measures:

Accepted Answer

A) the indirect contribution of supply management to profitability. 
B) any increase in sales that occurs at a greater rate than the cost of assets. 
C) reduction in the allocations to the operating budget of the supply department. 
D) the impact of supply actions on inventory and the balance sheet. 
E) the effect on profitability of reduced spend compared to a sales increase. 
A) the indirect contribution of supply management to profitability. 
B) any increase in sales that occurs at a greater rate than the cost of assets. 
C) reduction in the allocations to the operating budget of the supply department. 
D) the impact of supply actions on inventory and the balance sheet. 
E) the effect on profitability of reduced spend compared to a sales increase.

Question 6

Supply can influence risk management in which area(s)?

Accepted Answer

A) financial 
B) operational 
C) reputation 
D) financial and operational 
E) financial,operational and reputation 
A) financial 
B) operational 
C) reputation 
D) financial and operational 
E) financial,operational and reputation

Question 7

For an organization with revenue of $100 million,purchases of $60 million,and profit of $8 million before tax,a 10 percent reduction in purchase spend would result in an increase in profit of:

Accepted Answer

A) 10 percent. 
B) 36 percent. 
C) 57 percent. 
D) 60 percent. 
E) 75 percent. 
A) 10 percent. 
B) 36 percent. 
C) 57 percent. 
D) 60 percent. 
E) 75 percent.

Question 8

In manufacturing organizations,the dollars spent with suppliers fall into what range as a percent of revenues?

Accepted Answer

A) 25 to 35 
B) 30 to 60 
C) 45 to 75 
D) 50 to 80 
E) 65 to 75 
A) 25 to 35 
B) 30 to 60 
C) 45 to 75 
D) 50 to 80 
E) 65 to 75

Question 9

The use of the concepts of purchasing,procurement,supply,and supply chain management will vary from organization to organization depending on:

Accepted Answer

A) the organization's stage of development and/or sophistication. 
B) the industry in which they operate. 
C) the organization's competitive position. 
D) the organization's stage of development and/or sophistication,the industry in which they operate and the organization's competitive position. 
E) the organization's stage of development and/or sophistication and the industry in which they operate. 
A) the organization's stage of development and/or sophistication. 
B) the industry in which they operate. 
C) the organization's competitive position. 
D) the organization's stage of development and/or sophistication,the industry in which they operate and the organization's competitive position. 
E) the organization's stage of development and/or sophistication and the industry in which they operate.

Question 10

Supply has the potential to contribute to:

Accepted Answer

A) financial performance. 
B) financial performance and competitive position. 
C) profitability,competitive position and sustainability performance. 
D) competitive position and sustainability performance. 
E) financial performance,competitive position and sustainability performance. 
A) financial performance. 
B) financial performance and competitive position. 
C) profitability,competitive position and sustainability performance. 
D) competitive position and sustainability performance. 
E) financial performance,competitive position and sustainability performance.

Question 11

Interest in the supply function as a managerial activity began:

Accepted Answer

A) before 1900 when railroads recognized it as an important function. 
B) during World Wars I and II because of global materials shortages. 
C) in the 1970s during a period of high inflation. 
D) in the early 1980s with high interest rates and the costs of financing inventory. 
E) more recently with the rise of e-commerce. 
A) before 1900 when railroads recognized it as an important function. 
B) during World Wars I and II because of global materials shortages. 
C) in the 1970s during a period of high inflation. 
D) in the early 1980s with high interest rates and the costs of financing inventory. 
E) more recently with the rise of e-commerce.

Question 12

The supply area is a good training ground for managers because it provides exposure to:

Accepted Answer

A) accounting systems. 
B) pressure of decision making under uncertainty. 
C) various levels and functions in the organization. 
D) accounting systems,pressure of decision making under uncertainty,and various levels and functions in the organization. 
E) pressure of decision making under uncertainty and various levels and functions in the organization. 
A) accounting systems. 
B) pressure of decision making under uncertainty. 
C) various levels and functions in the organization. 
D) accounting systems,pressure of decision making under uncertainty,and various levels and functions in the organization. 
E) pressure of decision making under uncertainty and various levels and functions in the organization.

Company image may be directly influenced by:

Evidence of the growth and influence of supply management in an organization includes:

A successful supply chain management strategy integrates:

The design and management of seamless,value-added processes across organizational boundaries to meet the needs of the end customer is called:

The return on assets effect (ROA)quantifies and measures:

Supply can influence risk management in which area(s)?

For an organization with revenue of $100 million,purchases of $60 million,and profit of $8 million before tax,a 10 percent reduction in purchase spend would result in an increase in profit of:

In manufacturing organizations,the dollars spent with suppliers fall into what range as a percent of revenues?

The use of the concepts of purchasing,procurement,supply,and supply chain management will vary from organization to organization depending on:

Supply has the potential to contribute to:

Interest in the supply function as a managerial activity began:

The supply area is a good training ground for managers because it provides exposure to:

Supply Strategy

Supply Organization

Supply Processes and Technology

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 1: Purchasing and Supply Management

Company image may be directly influenced by:

Evidence of the growth and influence of supply management in an organization includes:

A successful supply chain management strategy integrates:

The design and management of seamless,value-added processes across organizational boundaries to meet the needs of the end customer is called:

The return on assets effect (ROA)quantifies and measures:

Supply can influence risk management in which area(s)?

For an organization with revenue of $100 million,purchases of $60 million,and profit of $8 million before tax,a 10 percent reduction in purchase spend would result in an increase in profit of:

In manufacturing organizations,the dollars spent with suppliers fall into what range as a percent of revenues?

The use of the concepts of purchasing,procurement,supply,and supply chain management will vary from organization to organization depending on:

Supply has the potential to contribute to:

Interest in the supply function as a managerial activity began:

The supply area is a good training ground for managers because it provides exposure to:

Supply Strategy

Supply Organization

Supply Processes and Technology

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