Question 1

Which of the following should be addressed by a category resourcing strategy?

Accepted Answer

A)  Profitability of suppliers. 
B)  Outsourcing potential. 
C)  Competitor analysis. 
D)  Partnership or competitive relationship. 
A)  Profitability of suppliers. 
B)  Outsourcing potential. 
C)  Competitor analysis. 
D)  Partnership or competitive relationship.

Question 2

Which of the following is a time horizon for a design partner relationship?

Accepted Answer

A)  Order to order. 
B)  1 year. 
C)  1-3 years. 
D)  1-5 years. 
A)  Order to order. 
B)  1 year. 
C)  1-3 years. 
D)  1-5 years.

Question 3

Which of the following explains the abbreviation 'RFI'?

Accepted Answer

A)  Recent financial information. 
B)  Repairs for inspection. 
C)  Request for information. 
D)  Return for Incineration. 
A)  Recent financial information. 
B)  Repairs for inspection. 
C)  Request for information. 
D)  Return for Incineration.

Question 4

Which of the following should be addressed by a contract strategy?

Accepted Answer

A)  Price agreement versus performance agreement. 
B)  Outsourcing potential. 
C)  Competitor analysis. 
D)  Currency of transactions. 
A)  Price agreement versus performance agreement. 
B)  Outsourcing potential. 
C)  Competitor analysis. 
D)  Currency of transactions.

Question 5

Which of the following is not a factor to be taken into account for cost savings potential purposes?

Accepted Answer

A)  Number of suppliers involved in last tender. 
B)  Scope of last tender. 
C)  Current profit levels. 
D)  Type and age of contract. 
A)  Number of suppliers involved in last tender. 
B)  Scope of last tender. 
C)  Current profit levels. 
D)  Type and age of contract.

Question 6

Which of the following best explains 'spot buying'?

Accepted Answer

A)  Bought at last year's price. 
B)  Bought at possible future price. 
C)  Buying at current market prices. 
D)  Bought at previously agree price. 
A)  Bought at last year's price. 
B)  Bought at possible future price. 
C)  Buying at current market prices. 
D)  Bought at previously agree price.

Question 7

Which of the following would not be contained in the 'bid package'?

Accepted Answer

A)  Buyer's purchasing requirements. 
B)  Recent financial projections. 
C)  A draft contract. 
D)  Bid submission instructions. 
A)  Buyer's purchasing requirements. 
B)  Recent financial projections. 
C)  A draft contract. 
D)  Bid submission instructions.

Question 8

Which of the following would not be an item in the 'Objectives sourcing strategy' contents of a category sourcing plan?

Accepted Answer

A)  Cost reduction. 
B)  Innovation. 
C)  Quality improvement. 
D)  Current suppliers. 
A)  Cost reduction. 
B)  Innovation. 
C)  Quality improvement. 
D)  Current suppliers.

Question 9

Which of the following best explains 'vendor rating schedules'?

Accepted Answer

A)  Reports on the achievements of suppliers. 
B)  Simple ranking of suppliers. 
C)  Independent assessment of suppliers by a consultant. 
D)  Ratings of vendors by other organisations. 
A)  Reports on the achievements of suppliers. 
B)  Simple ranking of suppliers. 
C)  Independent assessment of suppliers by a consultant. 
D)  Ratings of vendors by other organisations.

Question 10

Which of the following is not an item of IT office supplies expenditure?

Accepted Answer

A)  Paper. 
B)  Travel. 
C)  Copier services. 
D)  Stationary. 
A)  Paper. 
B)  Travel. 
C)  Copier services. 
D)  Stationary.

Question 11

Which of the following term best describes the contractual relationship characteristic of a preferred supplier?

Accepted Answer

A)  Quality agreement. 
B)  Annual agreement (1 year). 
C)  Design contract. 
D)  Order to order. 
A)  Quality agreement. 
B)  Annual agreement (1 year). 
C)  Design contract. 
D)  Order to order.

Question 12

Which of the following would not be an item in the 'Analysis of historical data' contents of a category sourcing plan?

Accepted Answer

A)  Price and cost analysis. 
B)  Supply market analysis. 
C)  Important stakeholders. 
D)  Current suppliers. 
A)  Price and cost analysis. 
B)  Supply market analysis. 
C)  Important stakeholders. 
D)  Current suppliers.

Question 13

Which of the following is not a contributor to cost increases?

Accepted Answer

A)  Materials prices. 
B)  Employee salary increases. 
C)  Employers' National Insurance contributions. 
D)  Customer warranties paid for by the customer. 
A)  Materials prices. 
B)  Employee salary increases. 
C)  Employers' National Insurance contributions. 
D)  Customer warranties paid for by the customer.

Question 14

Which of the following best explains 'a mandate from senior management'?

Accepted Answer

A)  Clear guidance on the scope of the authority delegated to the sourcing team. 
B)  Legal contractual provisions. 
C)  A draft contract. 
D)  A requirement from senior management. 
A)  Clear guidance on the scope of the authority delegated to the sourcing team. 
B)  Legal contractual provisions. 
C)  A draft contract. 
D)  A requirement from senior management.

Question 15

Which of the following would not be an item in the 'Planning of activities' contents of a category sourcing plan?

Accepted Answer

A)  Bid comparisons and negotiations. 
B)  Customer requirements and purchasing process. 
C)  Communication and contract reviews. 
D)  Spend and supply market analysis. 
A)  Bid comparisons and negotiations. 
B)  Customer requirements and purchasing process. 
C)  Communication and contract reviews. 
D)  Spend and supply market analysis.

Question 16

Which of the following is not an item of IT office supplies expenditure?

Accepted Answer

A)  Paper. 
B)  Cleaning services. 
C)  Copier services. 
D)  Stationary. 
A)  Paper. 
B)  Cleaning services. 
C)  Copier services. 
D)  Stationary.

Question 17

Which of the following is not an element in a category sourcing plan?

Accepted Answer

A)  Summary of expected results and costs. 
B)  Business strategy and business issues. 
C)  Analysis of historical data. 
D)  Current market share of suppliers. 
A)  Summary of expected results and costs. 
B)  Business strategy and business issues. 
C)  Analysis of historical data. 
D)  Current market share of suppliers.

Question 18

Which of the following term best describes the quality control relationship characteristic of a preferred supplier?

Accepted Answer

A)  Quality control by producer and supplier. 
B)  Quality assessment by supplier. 
C)  Quality control by producer. 
D)  Quality assessment by designer (design quality). 
A)  Quality control by producer and supplier. 
B)  Quality assessment by supplier. 
C)  Quality control by producer. 
D)  Quality assessment by designer (design quality).

Question 19

Which of the following term best describes the relationship characteristic of a supply partner?

Accepted Answer

A)  Operational. 
B)  Strategic. 
C)  Tactical. 
D)  Reflective. 
A)  Operational. 
B)  Strategic. 
C)  Tactical. 
D)  Reflective.

Question 20

Which of the following best explains 'supplier cartels'?

Accepted Answer

A)  Agreements between a limited number of suppliers on pricing behaviour and the division of markets. 
B)  Agreements between a limited number of purchasers on pricing behaviour and the division of markets. 
C)  Agreements between a limited number of suppliers on pricing behaviour. 
D)  Agreements between a limited number of suppliers on the division of markets. 
A)  Agreements between a limited number of suppliers on pricing behaviour and the division of markets. 
B)  Agreements between a limited number of purchasers on pricing behaviour and the division of markets. 
C)  Agreements between a limited number of suppliers on pricing behaviour. 
D)  Agreements between a limited number of suppliers on the division of markets.

Which of the following should be addressed by a category resourcing strategy?

Which of the following is a time horizon for a design partner relationship?

Which of the following explains the abbreviation 'RFI'?

Which of the following should be addressed by a contract strategy?

Which of the following is not a factor to be taken into account for cost savings potential purposes?

Which of the following best explains 'spot buying'?

Which of the following would not be contained in the 'bid package'?

Which of the following would not be an item in the 'Objectives sourcing strategy' contents of a category sourcing plan?

Which of the following best explains 'vendor rating schedules'?

Which of the following is not an item of IT office supplies expenditure?

Which of the following term best describes the contractual relationship characteristic of a preferred supplier?

Which of the following would not be an item in the 'Analysis of historical data' contents of a category sourcing plan?

Which of the following is not a contributor to cost increases?

Which of the following best explains 'a mandate from senior management'?

Which of the following would not be an item in the 'Planning of activities' contents of a category sourcing plan?

Which of the following is not an item of IT office supplies expenditure?

Which of the following is not an element in a category sourcing plan?

Which of the following term best describes the quality control relationship characteristic of a preferred supplier?

Which of the following term best describes the relationship characteristic of a supply partner?

Which of the following best explains 'supplier cartels'?

The Role of Purchasing in the Value Chain

Industrial Buying Behavior: Decision-Making in Purchasing

The Purchasing Management Process

Buying Business Services

Contract Management for Complex Projects

Public Procurement

Purchasing and Business Strategy

Outsourcing and Risk Management

Purchasing Innovation and Quality Management

Purchasing Logistics and Supply Chain Management

Purchasing Organization

Performance Measurement and Governance in Purchasing

Cost Approaches and Techniques

Purchasing, Corporate Social Responsibility and Integrity

Filters

Exam 9: Category Sourcing: Developing Effective Sourcing Strategies

Which of the following should be addressed by a category resourcing strategy?

Which of the following is a time horizon for a design partner relationship?

Which of the following explains the abbreviation 'RFI'?

Which of the following should be addressed by a contract strategy?

Which of the following is not a factor to be taken into account for cost savings potential purposes?

Which of the following best explains 'spot buying'?

Which of the following would not be contained in the 'bid package'?

Which of the following would not be an item in the 'Objectives sourcing strategy' contents of a category sourcing plan?

Which of the following best explains 'vendor rating schedules'?

Which of the following is not an item of IT office supplies expenditure?

Which of the following term best describes the contractual relationship characteristic of a preferred supplier?

Which of the following would not be an item in the 'Analysis of historical data' contents of a category sourcing plan?

Which of the following is not a contributor to cost increases?

Which of the following best explains 'a mandate from senior management'?

Which of the following would not be an item in the 'Planning of activities' contents of a category sourcing plan?

Which of the following is not an item of IT office supplies expenditure?

Which of the following is not an element in a category sourcing plan?

Which of the following term best describes the quality control relationship characteristic of a preferred supplier?

Which of the following term best describes the relationship characteristic of a supply partner?

Which of the following best explains 'supplier cartels'?

The Role of Purchasing in the Value Chain

Industrial Buying Behavior: Decision-Making in Purchasing

The Purchasing Management Process

Buying Business Services

Contract Management for Complex Projects

Public Procurement

Purchasing and Business Strategy

Outsourcing and Risk Management

Purchasing Innovation and Quality Management

Purchasing Logistics and Supply Chain Management

Purchasing Organization

Performance Measurement and Governance in Purchasing

Cost Approaches and Techniques

Purchasing, Corporate Social Responsibility and Integrity

Filters