Question 1

In general, supply management should provide and manage suppliers' e-catalogs.

Accepted Answer

A) True 
 B)False  False

Question 2

Project scopes should be very detailed for all service providers, including those who have previously performed work for the organization.

Accepted Answer

A) True 
 B)False  False

Question 3

_____ is defined by CSCMP as that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption to meet customers' requirements.

Accepted Answer

A) Supply management 
B) Logistics management 
C) Purchasing 
D) Transportation management 
E) None of these answers. 
A) Supply management 
B) Logistics management 
C) Purchasing 
D) Transportation management 
E) None of these answers. B

Question 4

A major disadvantage of a rail carrier is its relatively higher cost.

Accepted Answer

A) True 
 B)False

Question 5

Centralization of professional service procurement can increase the accountability of outside consultants to the buyer by increasing the monitoring and auditing of services provided.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is not one of the disadvantages of motor carrier over other modes of transportation?

Accepted Answer

A) High cost. 
B) Limited to domestic or regional transportation. 
C) Very long lead times. 
D) Cannot be used for large volumes. 
E) None of these answers. 
A) High cost. 
B) Limited to domestic or regional transportation. 
C) Very long lead times. 
D) Cannot be used for large volumes. 
E) None of these answers.

Question 7

On average, transportation costs easily comprise 10 percent or more of a product's total cost.

Accepted Answer

A) True 
 B)False

Question 8

[A/An] _____ is created by buyers from various businesses to pool their buying power together in order to reduce prices.

Accepted Answer

A) kanban 
B) purchasing consortium 
C) collaborative buyer-supplier relationship​ 
D) reverse auction 
E) zero-based budgeting 
A) kanban 
B) purchasing consortium 
C) collaborative buyer-supplier relationship​ 
D) reverse auction 
E) zero-based budgeting

Question 9

A savvy buyer will want to control transportation costs internally instead of simply allowing the shipper to pass them along in the form of a delivered price.

Accepted Answer

A) True 
 B)False

Question 10

A major outcome from transportation economic deregulation has been the shift of pricing information garnered from public tariffs and rate bureaus to the negotiating table.

Accepted Answer

A) True 
 B)False

Question 11

The U.S.Bureau of Customs and Border Protection established the so-called 10 + 2 rule that affects all modes of transportation except ocean container freight.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not an advantage of using a 3PL?​

Accepted Answer

A) Economies of scale and increased flexibility. 
B) Improve service performance levels. 
C) Loss of dedicated in-house managed staff. 
D) Release capital from sale of assets. 
E) Concentrate on core business activities. 
A) Economies of scale and increased flexibility. 
B) Improve service performance levels. 
C) Loss of dedicated in-house managed staff. 
D) Release capital from sale of assets. 
E) Concentrate on core business activities.

Question 13

Which of the following is not one of the advantages of water carrier over other modes of transportation?

Accepted Answer

A) Good for bulk commodities (inland). 
B) High flexibility. 
C) Good for heavy, large items (international). 
D) Can handle most types of freight. 
E) Low cost. 
A) Good for bulk commodities (inland). 
B) High flexibility. 
C) Good for heavy, large items (international). 
D) Can handle most types of freight. 
E) Low cost.

Question 14

A shipper should necessarily negotiate a contract with every carrier it uses, particularly if it is considered a small or infrequent shipper.

Accepted Answer

A) True 
 B)False

Question 15

Although it is important to develop a rationalized supply base such that buying power can be appropriately leveraged, a single-source strategy frequently maximizes the value of professional services.

Accepted Answer

A) True 
 B)False

Question 16

Many buyers are beginning to question the sustainability of cost reductions achieved through reverse auctions over time once the initial reductions are made.

Accepted Answer

A) True 
 B)False

Question 17

For some purchased items, such as bulk raw materials, transport speed is the most important factor.

Accepted Answer

A) True 
 B)False

Question 18

Private carriers are never utilized to make daily "milk runs," picking up smaller amounts of materials from a series of close by suppliers to be used in a lean or just-in-time environment.

Accepted Answer

A) True 
 B)False

Question 19

In order for _____ to work, both the buyer and the logistics service provider must explicitly agree as to what the buyer's desired outcomes, goals, and objectives are and on how the logistics service provider can help meet them.

Accepted Answer

A) PBL 
B) MRO 
C) TQM 
D) TCO 
E) KPIs 
A) PBL 
B) MRO 
C) TQM 
D) TCO 
E) KPIs

Question 20

Growth in international trade has increased the amount of freight moving on oceangoing vessels.

Accepted Answer

A) True 
 B)False

In general, supply management should provide and manage suppliers' e-catalogs.

Project scopes should be very detailed for all service providers, including those who have previously performed work for the organization.

_____ is defined by CSCMP as that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption to meet customers' requirements.

A major disadvantage of a rail carrier is its relatively higher cost.

Centralization of professional service procurement can increase the accountability of outside consultants to the buyer by increasing the monitoring and auditing of services provided.

Which of the following is not one of the disadvantages of motor carrier over other modes of transportation?

On average, transportation costs easily comprise 10 percent or more of a product's total cost.

[A/An] _____ is created by buyers from various businesses to pool their buying power together in order to reduce prices.

A savvy buyer will want to control transportation costs internally instead of simply allowing the shipper to pass them along in the form of a delivered price.

A major outcome from transportation economic deregulation has been the shift of pricing information garnered from public tariffs and rate bureaus to the negotiating table.

The U.S.Bureau of Customs and Border Protection established the so-called 10 + 2 rule that affects all modes of transportation except ocean container freight.

Which of the following is not an advantage of using a 3PL?

Which of the following is not one of the advantages of water carrier over other modes of transportation?

A shipper should necessarily negotiate a contract with every carrier it uses, particularly if it is considered a small or infrequent shipper.

Although it is important to develop a rationalized supply base such that buying power can be appropriately leveraged, a single-source strategy frequently maximizes the value of professional services.

Many buyers are beginning to question the sustainability of cost reductions achieved through reverse auctions over time once the initial reductions are made.

For some purchased items, such as bulk raw materials, transport speed is the most important factor.

Private carriers are never utilized to make daily "milk runs," picking up smaller amounts of materials from a series of close by suppliers to be used in a lean or just-in-time environment.

In order for _____ to work, both the buyer and the logistics service provider must explicitly agree as to what the buyer's desired outcomes, goals, and objectives are and on how the logistics service provider can help meet them.

Growth in international trade has increased the amount of freight moving on oceangoing vessels.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 17: Purchasing Services

In general, supply management should provide and manage suppliers' e-catalogs.

Project scopes should be very detailed for all service providers, including those who have previously performed work for the organization.

_____ is defined by CSCMP as that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption to meet customers' requirements.

A major disadvantage of a rail carrier is its relatively higher cost.

Centralization of professional service procurement can increase the accountability of outside consultants to the buyer by increasing the monitoring and auditing of services provided.

Which of the following is not one of the disadvantages of motor carrier over other modes of transportation?

On average, transportation costs easily comprise 10 percent or more of a product's total cost.

[A/An] _____ is created by buyers from various businesses to pool their buying power together in order to reduce prices.

A savvy buyer will want to control transportation costs internally instead of simply allowing the shipper to pass them along in the form of a delivered price.

A major outcome from transportation economic deregulation has been the shift of pricing information garnered from public tariffs and rate bureaus to the negotiating table.

The U.S.Bureau of Customs and Border Protection established the so-called 10 + 2 rule that affects all modes of transportation except ocean container freight.

Which of the following is not an advantage of using a 3PL?​

Which of the following is not one of the advantages of water carrier over other modes of transportation?

A shipper should necessarily negotiate a contract with every carrier it uses, particularly if it is considered a small or infrequent shipper.

Although it is important to develop a rationalized supply base such that buying power can be appropriately leveraged, a single-source strategy frequently maximizes the value of professional services.

Many buyers are beginning to question the sustainability of cost reductions achieved through reverse auctions over time once the initial reductions are made.

For some purchased items, such as bulk raw materials, transport speed is the most important factor.

Private carriers are never utilized to make daily "milk runs," picking up smaller amounts of materials from a series of close by suppliers to be used in a lean or just-in-time environment.

In order for _____ to work, both the buyer and the logistics service provider must explicitly agree as to what the buyer's desired outcomes, goals, and objectives are and on how the logistics service provider can help meet them.

Growth in international trade has increased the amount of freight moving on oceangoing vessels.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policies and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Supply Management and Commodity Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Which of the following is not an advantage of using a 3PL?