Question 1

Which of the following problems is not a "type" of standard?

Accepted Answer

A)  Local standards 
B)  International standards 
C)  Industry standards 
D)  National standards 
E)  Company standards 
A)  Local standards 
B)  International standards 
C)  Industry standards 
D)  National standards 
E)  Company standards

Question 2

Which of the following is not a savings that can result from simplification?

Accepted Answer

A)  Reduced inventory investment 
B)  More standard parts carried 
C)  More competitive prices 
D)  Greater quantity discounts 
E)  Reduced handling costs 
A)  Reduced inventory investment 
B)  More standard parts carried 
C)  More competitive prices 
D)  Greater quantity discounts 
E)  Reduced handling costs

Question 3

What are the potential problems of the informal approach to the development of specifications?

Accepted Answer

The informal approach to the development

Question 4

How does a materials catalog help reduce design time?

Accepted Answer

A materials catalog is a comprehensive c

Question 5

What type of specification is a request for a "white 2002 Ford Explorer Sport with standard features?"

Accepted Answer

The request for a "white 2002 Ford Explo

Question 6

Which is generally not one of the ways that materials catalogs, whether paper based or electronic, can aid a firm?

Accepted Answer

A)  Reduction of supply base 
B)  Reduction in design time 
C)  Reduction of non-standard parts 
D)  Reduction of standard parts 
E)  Reduction of inventory 
A)  Reduction of supply base 
B)  Reduction in design time 
C)  Reduction of non-standard parts 
D)  Reduction of standard parts 
E)  Reduction of inventory

Question 7

How does a materials catalog help reduce both standard and non-standard parts?

Accepted Answer

A materials catalog is a comprehensive d

Which of the following problems is not a "type" of standard?

Which of the following is not a savings that can result from simplification?

What are the potential problems of the informal approach to the development of specifications?

How does a materials catalog help reduce design time?

What type of specification is a request for a "white 2002 Ford Explorer Sport with standard features?"

Which is generally not one of the ways that materials catalogs, whether paper based or electronic, can aid a firm?

How does a materials catalog help reduce both standard and non-standard parts?

The Progression to Professional Supply Management

Organizational Issues

Supply Management: an Organization Spanning Activity

A Portfolio of Relationships

New Product Development

Managing for Quality

The Procurement of Equipment

Purchasing Services

Outsourcing

Sourcing

Global Supply Management

Total Cost of Ownership

Price and Cost Analysis

Methods of Compensation

Negotiation

Contract Formation and Legal Issues

Contact and Relationship Management

Ethics and Social Responsibilities

Production and Inventory Control

Demand Management and Logistics

Implementing Value Network Management

Filters

Exam 6: Purchasing Descriptions and Specifications

Which of the following problems is not a "type" of standard?

Which of the following is not a savings that can result from simplification?

What are the potential problems of the informal approach to the development of specifications?

How does a materials catalog help reduce design time?

What type of specification is a request for a "white 2002 Ford Explorer Sport with standard features?"

Which is generally not one of the ways that materials catalogs, whether paper based or electronic, can aid a firm?

How does a materials catalog help reduce both standard and non-standard parts?

The Progression to Professional Supply Management

Organizational Issues

Supply Management: an Organization Spanning Activity

A Portfolio of Relationships

New Product Development

Managing for Quality

The Procurement of Equipment

Purchasing Services

Outsourcing

Sourcing

Global Supply Management

Total Cost of Ownership

Price and Cost Analysis

Methods of Compensation

Negotiation

Contract Formation and Legal Issues

Contact and Relationship Management

Ethics and Social Responsibilities

Production and Inventory Control

Demand Management and Logistics

Implementing Value Network Management

Filters