| Question 1 of 20 | 5.0 Points |
Procurement activities include which of the following? | A. Consumption management | | B. Market research | | C. Customer relationship management | | D. Order entry management | |
| Question 2 of 20 | 5.0 Points |
Indirect products are best defined as which of the following? | A. Maintenance, repair, and operating supplies | | B. Specialized goods | | C. Customized goods | | D. High volume production materials | |
| Question 3 of 20 | 5.0 Points |
Which statement is true about days of sales outstanding? | A. It is used by sales to generate the forecast. | | B. It is primarily used by sales to gauge sales performance. | | C. It is a measurement used to analyze receivables. | | D. It is used to manage inventories. | |
| Question 4 of 20 | 5.0 Points |
Once management has a grasp of the companys receivable situation, the next step is to do which of the following? | A. Place all orders on credit hold | | B. Establish the same payment terms for all customers | | C. Delegate receivable terms to sales | | D. Set or change risk acceptance criteria | |
| Question 5 of 20 | 5.0 Points |
Which of the following is part of the credit and collections function? | A. Sales of order entry | | B. Setting credit policy | | C. Comparing purchase order terms with company policy | | D. Writing order entry processes | |
| Question 6 of 20 | 5.0 Points |
Credit analysis is necessary to ensure which of the following? | A. Credit terms are extended to customers who can pay according to the terms of the sale | | B. That sales is collecting payments on time | | C. Terms are properly extended to only alliance partners | | D. That special deals are structured | |
| Question 7 of 20 | 5.0 Points |
Which statement is true regarding product design? | A. Costs can account for 50% or more of the products final cost. | | B. The goal is to have many inexpensive simple designs. | | C. Assembly design is generally discouraged. | | D. Modularization is OK, but only for spare parts. | |
| Question 8 of 20 | 5.0 Points |
Which of the following statements is true regarding product design? | A. Product development should be done solely by engineering. | | B. There are rarely conflicting perspectives between design, procurement, and manufacturing. | | C. Has little impact on availability of product. | | D. Product design defines the shape of the supply chain. | |
| Question 9 of 20 | 5.0 Points |
Which of the following steps was used by Toyota and Honda to build supplier relationships? | A. Develop suppliers technical capabilities | | B. Dictate problem-solving techniques that should be used | | C. Require that suppliers divulge all financial data | | D. Focus on low cost in the supply chain | |
| Question 10 of 20 | 5.0 Points |
The four Ms of manufacturing include which of the following? | A. Measurements | | B. Master scheduling | | C. Maximization | | D. Money | |
| Question 11 of 20 | 5.0 Points |
In regard to production scheduling, which of the following are NOT considered competing objectives? | A. High utilization rates | | B. Low inventories | | C. High productivity | | D. High customer service | |
| Question 12 of 20 | 5.0 Points |
Scheduling types include which of the following? | A. Dispatching | | B. Capacity scheduling | | C. Material requirements planning | | D. Resource scheduling | |
| Question 13 of 20 | 5.0 Points |
What tends to be true about companies in terms of facility decisions? | A. Companies live with consequences of poor decisions because of high costs to make changes. | | B. They have little to do with supply chain management decisions. | | C. They have nothing to do with flexibility. | | D. They have nothing to do with decisions related to allocation of suppliers to a specific facility. | |
| Question 14 of 20 | 5.0 Points |
How does facilities management impact the supply chain? | A. Facilities management dictates activities to be performed by suppliers | | B. Capacity allocation influences supply chain performance and profitability | | C. Has little to do with transportation costs | | D. There is no relationship between the two | |
| Question 15 of 20 | 5.0 Points |
The procurement process considers which of the following when looking for a supplier? | A. Whether to use single source or not | | B. If an adversarial relationship is needed | | C. The amount of money that can be squeezed out of the supplier | | D. If the supplier can be trusted with shared data | |
| Question 16 of 20 | 5.0 Points |
Multiple sourcing can be which of the following? | A. Adversarial | | B. Alliance | | C. Exclusive | | D. Specialized | |
| Question 17 of 20 | 5.0 Points |
Direct materials include which of the following? | A. Repair products | | B. Consumable products | | C. Materials used to produce finished goods sold to customers | | D. Maintenance projects | |
| Question 18 of 20 | 5.0 Points |
E-Procurement is best described by which of the following? | A. Electronic data interchange | | B. Internet purchasing | | C. Use of Internet forms | | D. Hubs with multiple suppliers | |
| Question 19 of 20 | 5.0 Points |
Effective consumption management requires procurement staff to track which of the following? | A. Who is buying what | | B. What materials are for primary products | | C. Contract purchasing | | D. Vendor selection | |
| Question 20 of 20 | 5.0 Points |
In terms of product design, how can cross-functional teams contribute? | A. By developing company strategy | | B. By determining purchased order terms | | C. By evaluating suppliers manufacturing facilities | | D. By establishing master production schedule quantities | |
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