Category importance is determined by ________.

• How much impact a particular category has on firm performance
• Only the amount of money spent on that category
• Doing a supplier risk assessment
• Finance

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If a supplier perceives you as a customer as a development, what should your strategy be for bottleneck buys?

• Manage risk and look for a new supplier that values you more
• Seek cost saving projects
• Manage risks proactively and consider supplier development opportunities
• Identify compatibilities and build those together

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Single sourcing is a strategy used by some organizations. Which of the following is a benefit of single sourcing?

• Lower freight costs on consolidated orders
• Competition ensures price and service
• Risk mitigation
• Synergies between multiple suppliers benefit the buyer

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Which of the following is the Monitoring step in the supplier selection process?

• Define key selection criteria, compare costs and capabilities, visit suppliers and establish an approved list
• Know who all your suppliers are
• Pick the best supplier and get contract signed
• Make sure the supplier is performing to promise

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Which of the following is the Identification step in the supplier selection process?

• Watch performance and communicate results on a consistent basis
• Define key selection criteria, compare costs and capabilities, visit suppliers and establish an approved list
• Pick the best supplier and get contract signed
• Know who all your suppliers are

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As a purchasing professional, what is your role in the p-card process?

• Provide the funding stream for a wide variety of program logistics
• Select p-card issuer and negotiate the agreement
• Work with IT to design and easy-to-use web interface
• Management and control of activities