CENTRALIZED PROCUREMENT CAN INCREASE TRANSPORTATION COST True False 0.5 points

Question 2 ANY PURCHASE ORIGNITES WITH THE RECOGNITION OF A DEFINATE NEEED BY SOMEONE. THIS STATEMENT IS TRUE FOR DESCRIPTION OF NEED SUPPLIER SELECTION FOLLOWUP RECOGNITION OF NEED 0.5 points

Question 3 PURCHASING REFERE TO THE PROCESS OF ORDERING & GOODS INSPECTING DISTRIBUTING RECEIVING DISTROYING 0.5 points

Question 4 PRICE & FINANCIAL STABILITY IS THE CAPABILITY ATTRIBUTE OF SUPPLIER SELECTION CRITERIA True False 0.5 points

Question 5 "PURCHASING IS OBTAINING MERCHANDISE, RAW MATERIAL, MRO SUPPLIES IN EXCHANGE OF MERCHNDISE" True False 0.5 points

Question 6 .. MEASURES HOW MANY TIME AVERAGE INVENTORY IS TURNED OR SOLD DURING A PERIOD EOQ INVENTORY TURN 0.5 points

Question 7 ANALYSIS OF QUOTE IS DONE IN SUPPLIER DETERMINATION & ANALYSIS OF POSSIBLE SOURCES OF SUPPLY STEP True False 0.5 points

Question 8 INVENTORY CONTROL IS CONCERNED WITH ACHIEVING AN OPTIMUM BALANCE BETWEEN ' MAXIMIZING THE SERVICE LEVEL & MINIMIZING THE INVENTORY INVESTMENT' True False 0.5 points

Question 9 TIME FRAME CONSIDERD DURING THE SUPPLY CHAIN PLANNING PHASE IS QUARTER TO YEAR TWO YEARS FIVE YEARS TEN YEARS 0.5 points

Question 10 BLANKET ORDERING CAN ALSO BE REFFRED AS ONE OFF TRANSACTION True False 0.5 points

Question 11 PURSHASING CONTENT IS A SIGNIFICANT PART OF COST OF GOODS SOLD AROUND >40 % >30% >55% >20% 0.5 points

Question 12 PUSH PROCESS ARE PERFORMED IN RESPONSE TO CUSTOMER DEMAND True False 0.5 points

Question 13 THE AMOUNT OF CYCLE STOCK IS NOT DEPENDENT UPON PRODUCTION LOT SIZES True False 0.5 points

Question 14 ..USUALLY A PERCENTAGE OF THE VALUE OF ITEM ASSESED FOR KEEPING AN ITEM IN INVENTORY ORDERING COST HOLDING COST BACKORDER COST 0.5 points

Question 15 DECREASED EFFICENCY IS ONE OF THE BENEFIT OF SUSTAINABLE SUPPLY CHAIN True False 0.5 points

Question 16 "The seller delivers the goods-cleared for imports-to the buyer destination. The seller bears all costs and risks of moving goods to destination, including the payment of Customs duties and taxes" DDP EXW FOB CFR 0.5 points

Question 17 The forecasting model that is based upon salesperson's estimates of expected sales is consumer market survey. jury of executive opinion. Delphi method. sales force composite. 0.5 points

Question 18 CARRYING COST DONOT INCREASE IF THE INVENTORY IS HELD BY A COMPANY True False 0.5 points

Question 19 ______________ demand items need to be forecast Independent Dependent Both independent and dependent Neither independent nor dependent 0.5 points

Question 20 Incoterms stand for International Commercial Terms International Communication terms International Conveyance Terms International College Terms 0.5 points

Question 21 IF DEMAND OR LEAD TIME IS GREATER THAN FORECAST THAN A STOCKOUT WILL OCCUR True False 0.5 points

Question 22 "THE TERM ORDERING, BUYING & PURCHASING ARE STRATEGIC & LONG TERM IN NATURE" True False 0.5 points

Question 23 .. IS POTENTIALLY THE BIGGEST DRIVER OF PERFORMANCE IN THE SUPPLY CHAIN INFORMATION MATERIAL CASH TIME 0.5 points

Question 24 SUPPLY CHAIN CONSIST OF ALL PARTIES DIRECTLY OR INDIRECTLY INVOLVED IN FULFILLING SUPPLIER REQUEST True False 0.5 points

Question 25 MANUFACTURING STRATEGY FOR EFFICIENT SUPPLY CHAIN IS TO MAINTAIN FLEXIBILTY TO BUFFER AGAINST DEMAND True False 0.5 points

Question 26 "THE TERM PROCUREMENT, SOURCING & SUPPLY MANAGEMENT ARE OPERATIONAL & SHORT TERM IN NATURE" True False 0.5 points

Question 27 The initial decision whether a manufacturer fabricates in-house or uses an outside supplier is known as _____________________? An Offshoring decision A Make-or-Buy decision "SRM, ISCM, CRM" "ISCM, MRP, RFQ" 0.5 points

Question 28 RESPONSE TIME CAN BE IMPROVED THROUGH CENTRALIZED PROCUREMENT True False 0.5 points

Question 29 BACKORDER COST IS THE COST ASSOCIATED WITH EXPENSES OF PROCESSING AN ORDER True False 0.5 points

Question 30 "INVENTORY ENCOMPASSES ALL RAW MATERIAL, WORK IN PROGRESS & FINISH GOODS WITHIN A SUPPLY CHAIN" True False