Topic $1$ Quick Check$$What Is Purchasing and Supply Managem

Points: $10$

Your Submission:

$1$

Which of the seven "rights" of purchasing is the most important?

The right supplier

The right time

The right price

The right material

$2$ What do we call retail chains that are large enough to buy directly from manufacturers?

National accounts

Direct buyers

Big boxes

Final destinations

What is the total cost of buying, using, and disposing of an item called?

Total price calculation

Target cost of purchasing

Final cost of buying

Total cost of ownership

$4$

From a purchasing perspective, what does it mean to say "organizational boundaries are blurred"?

It is jargon used by consultants that is essentially meaningless.

Buying organizations and suppliers share resources to co$-$create value.

Suppliers and customers can't be differentiated