Exam 13: Sourcing Materials and Services

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

Strategic sourcing is almost the same as procurement.

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

Which of the following is NOT a source of price?

e-Sourcing and e-Procurement are the same.

In the Assess Supply Market step,the firm

There is little risk in e-Sourcing and e-Procurement.

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

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

____ exist for basic raw materials such as grain,oil,and sugar.

Landed costs are independent of FOB terms.

There are several classifications of purchased items.Which of the following is NOT one of those?

Traditional basic input costs and direct transaction costs are the same except for the level of the transaction where each is applied.

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

Distinctives is another name for specialized commodities.

What vendor selection criteria is described by production capability,labor relations,and operating controls?

Discuss the advantages and disadvantages of e-commence.Is it the same as e-procurement?

Name several criteria that are important in vendor selection.Which one is the most important?

Some firms are moving towards reducing the number of suppliers as they seek to obtain greater concessions from vendors.

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