Deck 10: Purchasing & Logistics

Question 1

Which of the following is NOT one of The Chartered Institute of Procurement and Supply's (CIPS) five rights?

A) Right Quality
B) Right Place
C) Right Flavor
D) Right Price
E) All are correct

Answer 1

C

Question 2

In 2018, CIPS added a sixth, known as ________.

A) Right Quantity
B) Right Time
C) Right Flavor
D) Right Source

Answer 2

D

Question 3

The main objective(s) of the growing trend of contract farming is(/are) ________.

A) Strong commitments
B) Better pricing
C) Secure Supplies
D) B and C
E) All of the Above

Answer 3

E

Question 4

Transportation in food industry is more or less considered to be at peak efficiency and is not considered an industry priority.

Question 5

_______ transport is considered expensive but fast, while _______ transport is considered cheap but slow.

A) Air, water
B) Water, land
C) Land, air
D) All are equal in cost and speed

Question 6

As consumers become more aware of the sources of their food, one immediate concern they raise is the issue of _________; a measure of the distance food travels to reach the end user.

A) Food miles
B) Meals on Wheels
C) Kilo-meaters
D) Fruit-by-the-feet

Question 7

The drawbacks to prepared meals include

A) Convenience factor
B) Higher prices
C) Narrower range of foods
D) B and C

Question 8

Which of the following services essentially defines the role of Fourth-party logistics providers (4PL)?

A) Freight consolidation and distribution
B) Oversee clients' logistics activities on both the supply and demand sides of the business while outsourcing the physical operations
C) Cross-docking and in- and out-bound shipment management
D) Freight bill payment, auditing, and production packaging

Question 9

Which of the following is considered a niche market?

A) Certified organic food products
B) Kosher foods
C) Special dietary needs
D) A and C
E) All of the above

Question 10

The creating logistics hubs and leveraging resources and services from multiple firms often increases the capabilities of an individual business.