Exam 13: Sourcing Materials and Services

The first step in managing sourcing and procurement is to determine the type pf purchase.

Landed costs are independent of sales/FOB terms.

In the Item Procurement Importance Matrix, what is described as high risk, high value?

e-Sourcing and e-Procurement are the same.

In the Execute Sourcing Strategy step, the most important thing is to

Define and discuss the four basic types of e-commerce business models used in procurement and sourcing.

Managing the sourcing and procurement process can be difficult for a multitude of reasons. However, a four-step approach can be used and adapted to a firm's particular needs. Name the four steps and discuss them.

There are seven steps in the Strategic Sourcing Methodology.

In the Item Procurement Importance Matrix, what item is described as low risk, low value?

Procurement serves as a critical link between members of the supply chain.

There are seven steps in the Strategic Sourcing Methodology. Name at least five, and choose two to discuss in more detail.

Vendors may offer varying levels of discounts from their published prices.

For the buyer, the total procurement price is more than just the basic purchase price. There are other elements to consider. Name these elements, and discuss the primary considerations of each.

There are four steps in the Managing Sourcing and Procurement Processes. Which does not belong?

What are at least three types of certifications and registrations, what do they signify, and why are they important?

Which of the following is NOT a source of price?

The concept that represents the sum of all costs associated with making and delivering products to the point where they are needed is called

There are four types of products and services that are purchased with varying degrees of importance. Name all four, and choose two to discuss in terms of risk and value.

Distinctives are low-risk, high value items that are fundamental to the company's finished product.