Question 1

Supply management is a broader concept than purchasing.

Accepted Answer

A) True 
 B)False  True

Question 2

Recent research indicates that all of the following are top knowledge areas for purchasers except _____.

Accepted Answer

A) supplier relationship management 
B) total cost analysis 
C) supplier analysis 
D) consumer behavior 
E) competitive market analysis 
A) supplier relationship management 
B) total cost analysis 
C) supplier analysis 
D) consumer behavior 
E) competitive market analysis D

Question 3

The traditional approach to purchasing and supply management is to build relations with suppliers to jointly pull costs out of the product or service and expect suppliers to contribute innovative ideas that continually add value to a firm's products and services.

Accepted Answer

A) True 
 B)False  False

Question 4

Global sourcing is a requirement and no longer a luxury for most firms.

Accepted Answer

A) True 
 B)False

Question 5

Formal organizational charts portray the entirety of the workings of an organization.

Accepted Answer

A) True 
 B)False

Question 6

In Period 4 of the evolution of purchasing and supply chain management, firms faced stable competition and had access to abundant material - conditions that historically have diminished the overall importance of purchasing.

Accepted Answer

A) True 
 B)False

Question 7

_____ helps ensure that customers receive material when and where they require it and represents the key link between the producer and the external customer.

Accepted Answer

A) Order processing 
B) Inbound transportation 
C) Customer service 
D) Scheduling 
E) Inventory control 
A) Order processing 
B) Inbound transportation 
C) Customer service 
D) Scheduling 
E) Inventory control

Question 8

_____ refers to the process of assessing and selecting the structure and formal system of communication, division of labor, coordination, control, authority, and responsibility required to achieve organizational goals and objectives, including supply chain objectives.

Accepted Answer

A) Supply chain orientation 
B) Human resource management 
C) Demand planning 
D) Organizational design 
E) Extended value chain 
A) Supply chain orientation 
B) Human resource management 
C) Demand planning 
D) Organizational design 
E) Extended value chain

Question 9

Which of the following is an example of a purchased direct item for a manufacturing firm?

Accepted Answer

A) Parts and components. 
B) Travel. 
C) Office and janitorial supplies. 
D) Advertising and media. 
E) Personal computers. 
A) Parts and components. 
B) Travel. 
C) Office and janitorial supplies. 
D) Advertising and media. 
E) Personal computers.

Question 10

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

Accepted Answer

A) True 
 B)False

Question 11

Supply chain management does not require the coordination of activities and flows that do not extend across boundaries.

Accepted Answer

A) True 
 B)False

Question 12

An abundance of competitors and choices have conditioned customers to want higher quality, faster delivery, and products and services tailored to their individual needs at a higher total cost.

Accepted Answer

A) True 
 B)False

Question 13

According to the Institute for Supply Management, _____ is the identification, acquisition, access, positioning, and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.

Accepted Answer

A) supply chain management 
B) procurement 
C) logistics 
D) supply management 
E) distribution 
A) supply chain management 
B) procurement 
C) logistics 
D) supply management 
E) distribution

Question 14

Cost management is no longer an integral part of purchasing and supply chain management.

Accepted Answer

A) True 
 B)False

Question 15

All of the following are typical processes involved in supply chain management except _____.

Accepted Answer

A) new-product development 
B) customer-order fulfillment 
C) supplier evaluation and selection 
D) demand and supply planning 
E) cash flow management 
A) new-product development 
B) customer-order fulfillment 
C) supplier evaluation and selection 
D) demand and supply planning 
E) cash flow management

Question 16

Few of the features that make their way into final products originate with suppliers.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is not one of the features of the new model of progressive purchasing?

Accepted Answer

A) Developing closer relationships with important suppliers. 
B) Performing due diligence on suppliers before awarding longer-term contracts. 
C) Focusing primarily on price analysis and short-term contracts. 
D) Conducting worldwide Internet searches for the best sources of supply. 
E) Inviting key suppliers to participate in product and process development. 
A) Developing closer relationships with important suppliers. 
B) Performing due diligence on suppliers before awarding longer-term contracts. 
C) Focusing primarily on price analysis and short-term contracts. 
D) Conducting worldwide Internet searches for the best sources of supply. 
E) Inviting key suppliers to participate in product and process development.

Question 18

_____ involves generating the materials release, contacting a supplier directly concerning changes, and monitoring the status of inbound shipments.

Accepted Answer

A) Order processing 
B) Material control 
C) Warehousing 
D) Customer service 
E) Quality control 
A) Order processing 
B) Material control 
C) Warehousing 
D) Customer service 
E) Quality control

Question 19

Purchasing and supply management has a major impact on product and service quality.

Accepted Answer

A) True 
 B)False

Question 20

Sophisticated customers, both industrial and consumer, no longer talk about price increases - they demand price reductions!​

Accepted Answer

A) True 
 B)False

Supply management is a broader concept than purchasing.

Recent research indicates that all of the following are top knowledge areas for purchasers except _____.

The traditional approach to purchasing and supply management is to build relations with suppliers to jointly pull costs out of the product or service and expect suppliers to contribute innovative ideas that continually add value to a firm's products and services.

Global sourcing is a requirement and no longer a luxury for most firms.

Formal organizational charts portray the entirety of the workings of an organization.

In Period 4 of the evolution of purchasing and supply chain management, firms faced stable competition and had access to abundant material - conditions that historically have diminished the overall importance of purchasing.

_____ helps ensure that customers receive material when and where they require it and represents the key link between the producer and the external customer.

_____ refers to the process of assessing and selecting the structure and formal system of communication, division of labor, coordination, control, authority, and responsibility required to achieve organizational goals and objectives, including supply chain objectives.

Which of the following is an example of a purchased direct item for a manufacturing firm?

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

Supply chain management does not require the coordination of activities and flows that do not extend across boundaries.

An abundance of competitors and choices have conditioned customers to want higher quality, faster delivery, and products and services tailored to their individual needs at a higher total cost.

According to the Institute for Supply Management, _____ is the identification, acquisition, access, positioning, and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.

Cost management is no longer an integral part of purchasing and supply chain management.

All of the following are typical processes involved in supply chain management except _____.

Few of the features that make their way into final products originate with suppliers.

Which of the following is not one of the features of the new model of progressive purchasing?

_____ involves generating the materials release, contacting a supplier directly concerning changes, and monitoring the status of inbound shipments.

Purchasing and supply management has a major impact on product and service quality.

Sophisticated customers, both industrial and consumer, no longer talk about price increases - they demand price reductions!

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

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 1: Introduction to Purchasing and Supply Chain Management

Supply management is a broader concept than purchasing.

Recent research indicates that all of the following are top knowledge areas for purchasers except _____.

The traditional approach to purchasing and supply management is to build relations with suppliers to jointly pull costs out of the product or service and expect suppliers to contribute innovative ideas that continually add value to a firm's products and services.

Global sourcing is a requirement and no longer a luxury for most firms.

Formal organizational charts portray the entirety of the workings of an organization.

In Period 4 of the evolution of purchasing and supply chain management, firms faced stable competition and had access to abundant material - conditions that historically have diminished the overall importance of purchasing.

_____ helps ensure that customers receive material when and where they require it and represents the key link between the producer and the external customer.

_____ refers to the process of assessing and selecting the structure and formal system of communication, division of labor, coordination, control, authority, and responsibility required to achieve organizational goals and objectives, including supply chain objectives.

Which of the following is an example of a purchased direct item for a manufacturing firm?

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

Supply chain management does not require the coordination of activities and flows that do not extend across boundaries.

An abundance of competitors and choices have conditioned customers to want higher quality, faster delivery, and products and services tailored to their individual needs at a higher total cost.

According to the Institute for Supply Management, _____ is the identification, acquisition, access, positioning, and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.

Cost management is no longer an integral part of purchasing and supply chain management.

All of the following are typical processes involved in supply chain management except _____.

Few of the features that make their way into final products originate with suppliers.

Which of the following is not one of the features of the new model of progressive purchasing?

_____ involves generating the materials release, contacting a supplier directly concerning changes, and monitoring the status of inbound shipments.

Purchasing and supply management has a major impact on product and service quality.

Sophisticated customers, both industrial and consumer, no longer talk about price increases - they demand price reductions!​

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

Purchasing Services

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Sophisticated customers, both industrial and consumer, no longer talk about price increases - they demand price reductions!