Question: The first step in the procurement process. A. Vendor selection. B. Transmittal of need. C. Identificaiton of need. D. Reductions in the operating budget of
The first step in the procurement process.
| A. | Vendor selection. | |
| B. | Transmittal of need. | |
| C. | Identificaiton of need. | |
| D. | Reductions in the operating budget of the materials department. | |
| E. | Vendor audit. |
Key drivers focusing the supply and material management function as a managerial activity.
| A. | Global initiatives in reducing waste in the supply chain. | |
| B. | Global materials shortages during WW I and WW II. | |
| C. | Needs of the transcontinental railroad construction. | |
| D. | Rise of e-commerce. | |
| E. | High inflationary periods. |
-
An organization's precurement / matarial management actions may impact its reputation positively in the following ways: (Select all that apply)
A. Outsourcing extensively.
B. Sustainability practices -both internally and with those of its vendors.
C. Quality programs with egrigious penalties for non-compliance.
D. Compliance with governent reqiirements and vendor requirements.
E. Treating supply chain channel members fairly and equitably.
- A successful strategy in materials management integrates:
A. processes and systems within and accross organizations.
B. the buying organization
C. all first-tier suppliers.
D. information flow within an organization.
E. everything within an organization.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
