Question 1

Which of the following are likely to be a criterion for choosing the best supplier?&#160;&#10;A)&#160;Location.&#160;&#10;B)&#160;Size.&#160;&#10;C)&#160;Reputation.&#160;&#10;D)&#160;Profitability.

Accepted Answer

Reputation is likely to be a criterion for choosing the best supplier as it reflects the quality and reliability of the supplier's products and services. Location and size may be important factors but may not necessarily determine the best supplier. Profitability is the concern of the supplier's business and not the buyer's.

Question 2

Which of the following are likely to be a criterion for choosing the best supplier?&#160;&#10;A)&#160;Location.&#160;&#10;B)&#160;Quality of Service.&#160;&#10;C)&#160;Strategic Plan.&#160;&#10;D)&#160;Profitability.

Accepted Answer

&#160;&#160;B

Question 3

Which of the following are likely to be a criterion for choosing the best supplier?&#160;&#10;A)&#160;Location.&#160;&#10;B)&#160;References.&#160;&#10;C)&#160;Size of Premises.&#160;&#10;D)&#160;Chief Executive.

Accepted Answer

References are likely to be a criterion for choosing the best supplier as they provide information on the supplier's reliability and quality of work. Location, size of premises, and the chief executive may be important factors to consider, but they are not necessarily the most important criteria for choosing the best supplier.

Question 4

Which of the following explains 'Audit Process'?&#160;&#10;A)&#160;The process audit is a systematic investigation of the extent to which the (technical) processes are capable of meeting the established standards in a predictable way.&#160;&#10;B)&#160;The process audit is a snap check on the extent to which the (technical) processes are capable of meeting the established standards in a predictable way.&#160;&#10;C)&#160;The process audit is a systematic investigation of the extent to which the (technical) processes are capable of meeting the established standards.&#160;&#10;D)&#160;The process audit is a systematic investigation of the extent to which the (technical) processes are capable of meeting the future standards in a predictable way.

Accepted Answer

The audit process involves a systematic investigation to ensure that technical processes meet established standards predictably.

Question 5

Which of the following is the main reason for 'Single Sourcing'?&#160;&#10;A)&#160;Contractual obligations.&#160;&#10;B)&#160;The number of suppliers.&#160;&#10;C)&#160;The technical specifications of the good or service to be purchased.&#160;&#10;D)&#160;The price.

Accepted Answer

The main reason for single sourcing is the technical specifications of the good or service to be purchased. Single sourcing ensures that the purchased item meets the required technical specifications and provides consistency in quality, reducing the risk of errors or defects. Contractual obligations, the number of suppliers, and the price may also play a role in the decision to single source, but they are not the main reason.

Question 6

Which of the following is not a feature of 'Global sourcing'?&#160;&#10;A)&#160;It is pro-actively integrating and coordinating common items and processes across worldwide locations.&#160;&#10;B)&#160;It is pro-actively integrating and coordinating common items and materials across worldwide locations.&#160;&#10;C)&#160;It is pro-actively integrating and coordinating common items and suppliers across worldwide locations.&#160;&#10;D)&#160;It is reactively dispersing common items and materials across worldwide locations.

Accepted Answer

Global sourcing is a pro-active approach to integrating and coordinating common items, materials and suppliers across worldwide locations to achieve cost savings and optimization of resources. The dispersal of items and materials across worldwide locations without a proactive approach does not fall under the definition of global sourcing.

Question 7

Which of the following is a stage in the 'Purchasing and Supply Development Model'?&#160;&#10;A)&#160;Transaction orientation.&#160;&#10;B)&#160;Pricing.&#160;&#10;C)&#160;Design.&#160;&#10;D)&#160;Manufacture.

Accepted Answer

The stage in the Purchasing and Supply Development Model that relates to the orientation towards transactions is called the Transaction orientation. This stage is focused on completing transactions and is often associated with a price focus. Option B, pricing, is not a stage in the model, but rather a term that may be considered throughout the model. Options C and D, design and manufacture, are also not stages in the model, but rather activities that take place after the purchasing and supply process has been completed.

Question 8

Which of the following explains 'Gain and Risk Sharing Agreements'?&#160;&#10;A)&#160;The supplier future income is partially determined by the success of the customer's new product in its end markets.&#160;&#10;B)&#160;The supplier future income is wholly determined by the success of the customer's new product in its end markets.&#160;&#10;C)&#160;The customer's future income is partially determined by the success of the customer's new product in its end markets.&#160;&#10;D)&#160;The supplier future income is partially determined by the success of the customer's existing product in its end markets.

Accepted Answer

Gain and Risk Sharing Agreements involve the supplier sharing both the gain and risk with the customer, where the supplier's future income is partially dependent on the success of the customer's new product in the end markets.

Question 9

Which of the following best explains the term 'Learning Curve' originally developed in the American aircraft industry?&#160;&#10;A)&#160;The cost price per aeroplane decreased at a fixed percentage as the cumulative production volume of a particular type of aircraft doubled.&#160;&#10;B)&#160;The cost price per aeroplane increased at a fixed percentage as the cumulative production volume of a particular type of aircraft doubled.&#160;&#10;C)&#160;The cost price per aeroplane decreased at a variable percentage as the cumulative production volume of a particular type of aircraft doubled.&#160;&#10;D)&#160;The cost price per aeroplane increased at a variable percentage as the cumulative production volume of a particular type of aircraft doubled.

Accepted Answer

The term 'Learning Curve' refers to the phenomenon where the cost per unit of production decreases at a fixed percentage as the total volume of production increases. This concept was observed in the American aircraft industry, where it was noted that the more aircraft produced, the lower the cost per aircraft, due to efficiencies gained in the production process.

Question 10

Which of the following should be provided by purchasing management?&#160;&#10;A)&#160;Periodical, detailed management reporting.&#160;&#10;B)&#160;Increased market share.&#160;&#10;C)&#160;New product development.&#160;&#10;D)&#160;Risk assessments.

Accepted Answer

Purchasing management should provide periodical, detailed management reporting to keep the organization informed about purchasing activities, supplier performance, and cost savings. Increased market share and new product development relate to marketing and product development departments, while risk assessments should be the responsibility of risk management or legal departments.

Question 11

Which of the following are likely to be a criterion for choosing the best supplier?&#160;&#10;A)&#160;Location.&#160;&#10;B)&#160;Unionisation of workforce.&#160;&#10;C)&#160;Motivation.&#160;&#10;D)&#160;Profitability.

Accepted Answer

The answer of Which of the following are likely to...

Question 12

Which of the following explains 'Market Structure'?&#160;&#10;A)&#160;The total set of conditions in which a company sells its products, with special attention to the number of parties in the market and the nature of the product being traded.&#160;&#10;B)&#160;The number of suppliers.&#160;&#10;C)&#160;The total set of conditions in which a company sells its products with special attention to the nature of the product being traded.&#160;&#10;D)&#160;The total set of conditions in which a company sells its products with special attention to the number of parties in the market.

Accepted Answer

The answer of Which of the following explains 'Market Structure'?&#160;&#10;A)&#160;The...

Question 13

Which of the following explains 'Systems Audit'?&#160;&#10;A)&#160;Assessing the control system of an organization using a systems approach.&#160;&#10;B)&#160;Assessing the internal quality of an organization using a systems approach.&#160;&#10;C)&#160;Assessing the internal quality and control system of an organization using a systems approach.&#160;&#10;D)&#160;Assessing the external quality and control system of an organization using a systems approach.

Accepted Answer

The answer of Which of the following explains 'Systems Audit'?&#160;&#10;A)&#160;Assessing...

Question 14

Which of the following are likely to be a criterion for choosing the best supplier?&#160;&#10;A)&#160;Location.&#160;&#10;B)&#160;Size.&#160;&#10;C)&#160;Dynamism.&#160;&#10;D)&#160;Profitability.

Accepted Answer

The answer of Which of the following are likely to...

Question 15

Which of the following explains 'Product Audit'?&#160;&#10;A)&#160;This provides an image of the degree to which a company succeeds in making everything runs perfectly according to the standards established by the company itself.&#160;&#10;B)&#160;This provides an image of the degree to which a company succeeds in making everything runs perfectly according to the standards and requirements established by the company itself.&#160;&#10;C)&#160;This provides an image of the degree to which a company succeeds in making everything runs perfectly.&#160;&#10;D)&#160;This provides an image of the degree to which a company succeeds.

Accepted Answer

The answer of Which of the following explains 'Product Audit'?&#160;&#10;A)&#160;This...

Question 16

Which of the following explains 'Competitive Pricing'?&#160;&#10;A)&#160;The price paid for a product is based upon competitive tendering.&#160;&#10;B)&#160;The price paid for a product is based upon competitive tendering among a number of pre-selected suppliers.&#160;&#10;C)&#160;The price paid for a product is based upon a set fee.&#160;&#10;D)&#160;The price paid for a product is based upon competitive tendering among a number of unknown suppliers.

Accepted Answer

The answer of Which of the following explains 'Competitive Pricing'?&#160;&#10;A)&#160;The...

Question 17

Which of the following explains 'Global Sourcing'?&#160;&#10;A)&#160;Proactively integrating and co-ordinating common items and designs, technologies and suppliers across worldwide purchasing and operating locations.&#160;&#10;B)&#160;Proactively integrating and co-ordinating common items and processes across worldwide purchasing and operating locations.&#160;&#10;C)&#160;Proactively integrating and co-ordinating common items and materials, processes, designs, technologies and suppliers across worldwide purchasing and operating locations.&#160;&#10;D)&#160;Proactively integrating and co-ordinating common items and materials across worldwide purchasing and operating locations.

Accepted Answer

The answer of Which of the following explains 'Global Sourcing'?&#160;&#10;A)&#160;Proactively...

Question 18

Which of the following are likely to be a criterion for choosing the best supplier?&#160;&#10;A)&#160;Location.&#160;&#10;B)&#160;Size.&#160;&#10;C)&#160;Competitiveness.&#160;&#10;D)&#160;Profitability.

Accepted Answer

The answer of Which of the following are likely to...

Question 19

Which of the following explains 'Supply Chain'?&#160;&#10;A)&#160;A series of companies (links) in which the consecutive stages of production of an economic product take place, from primary production to final consumer&#160;&#10;B)&#160;A series of companies (links) in which the consecutive stages of production of an economic product take place from primary production.&#160;&#10;C)&#160;A series of companies (links) in which the consecutive stages of production of an economic product take place.&#160;&#10;D)&#160;A series of companies (links).

Accepted Answer

The answer of Which of the following explains 'Supply Chain'?&#160;&#10;A)&#160;A...

Question 20

Which of the following explains 'Purchasing Management'?&#160;&#10;A)&#160;All activities necessary to manage suppliers.&#160;&#10;B)&#160;All activities necessary to manage supplier relationships.&#160;&#10;C)&#160;All activities necessary to manage supplier relationships in such a way that their activities are aligned with the company's overall business strategies.&#160;&#10;D)&#160;All activities necessary to manage supplier relationships in such a way that their activities are aligned with the company's overall business strategies and interests.

Accepted Answer

The answer of Which of the following explains 'Purchasing Management'?&#160;&#10;A)&#160;All...

Question 21

Which of the following dimensions are quality costs?&#160;&#10;A)&#160;The cost of wages and salaries.&#160;&#10;B)&#160;The cost of preventing errors.&#160;&#10;C)&#160;The cost of cancelled orders.&#160;&#10;D)&#160;The reputational costs.

Accepted Answer

The answer of Which of the following dimensions are quality...

Question 22

Which of the following dimensions can be used to measure and evaluate purchasing activities?&#160;&#10;A)&#160;Organizational.&#160;&#10;B)&#160;Reputation.&#160;&#10;C)&#160;Complaints.&#160;&#10;D)&#160;Number of staff.

Accepted Answer

The answer of Which of the following dimensions can be...

Question 23

Which of the following dimensions are aspects of materials cost policy?&#160;&#10;A)&#160;Control of cost of uniforms.&#160;&#10;B)&#160;The cost of energy consumption.&#160;&#10;C)&#160;Reduction of logistics and transportation cost.&#160;&#10;D)&#160;The reputational costs.

Accepted Answer

The answer of Which of the following dimensions are aspects...

Question 24

Which of the following explains 'Purchasing Authority'?&#160;&#10;A)&#160;This allows a manager to legally bind their company to an external partner.&#160;&#10;B)&#160;This allows a manager to legally bind their company to an internal partner.&#160;&#10;C)&#160;This allows a manager to link their company to an external partner.&#160;&#10;D)&#160;This allows a manager to legally bind their external partner.

Accepted Answer

The answer of Which of the following explains 'Purchasing Authority'?&#160;&#10;A)&#160;This...

Question 25

Which of the following is a stage in the 'Purchasing and Supply Development Model'?&#160;&#10;A)&#160;Delivery&#160;&#10;B)&#160;Commercial orientation&#160;&#10;C)&#160;Design&#160;&#10;D)&#160;Manufacture

Accepted Answer

The answer of Which of the following is a stage...

Question 26

Which of the following is not part of the purchasing management process?&#160;&#10;A)&#160;Purchasing planning.&#160;&#10;B)&#160;Purchasing policy implementation.&#160;&#10;C)&#160;Purchasing control/inspection and evaluation.&#160;&#10;D)&#160;Health and Safety compliance.

Accepted Answer

The answer of Which of the following is not part...

Question 27

Which of the following explains 'Purchasing Performance'?&#160;&#10;A)&#160;The extent to which the purchasing function is able to realize its costs.&#160;&#10;B)&#160;The extent to which the purchasing function is able to sacrifice of a minimum of the company's resources, i.e. costs.&#160;&#10;C)&#160;The extent to which the purchasing function is able to realize its predetermined goals at the sacrifice of a minimum of the company's resources, i.e. costs.&#160;&#10;D)&#160;The extent to which the purchasing function is able to realize its predetermined goals.

Accepted Answer

The answer of Which of the following explains 'Purchasing Performance'?&#160;&#10;A)&#160;The...

Question 28

Which of the following dimensions can be used to measure and evaluate purchasing activities?&#160;&#10;A)&#160;Price/Cost.&#160;&#10;B)&#160;Reputation.&#160;&#10;C)&#160;Complaints.&#160;&#10;D)&#160;Number of staff.

Accepted Answer

The answer of Which of the following dimensions can be...

Question 29

Which of the following dimensions are quality costs?&#160;&#10;A)&#160;The costs that result from preventing mistakes.&#160;&#10;B)&#160;The cost of energy consumption.&#160;&#10;C)&#160;The cost of cancelled orders.&#160;&#10;D)&#160;The reputational costs.

Accepted Answer

The answer of Which of the following dimensions are quality...

Question 30

Which of the following dimensions are aspects of materials cost policy?&#160;&#10;A)&#160;Control of materials costs and prices.&#160;&#10;B)&#160;The cost of energy consumption.&#160;&#10;C)&#160;The cost of cancelled orders.&#160;&#10;D)&#160;The reputational costs.

Accepted Answer

The answer of Which of the following dimensions are aspects...

Question 31

Which of the following is not part of the purchasing management process?&#160;&#10;A)&#160;Purchasing (market) research.&#160;&#10;B)&#160;Purchasing objectives.&#160;&#10;C)&#160;Purchasing strategy.&#160;&#10;D)&#160;Purchasing structures.

Accepted Answer

The answer of Which of the following is not part...

Question 32

Which of the following is a stage in the 'Purchasing and Supply Development Model'?&#160;&#10;A)&#160;Transportation.&#160;&#10;B)&#160;Value chain orientation.&#160;&#10;C)&#160;Design.&#160;&#10;D)&#160;Manufacture.

Accepted Answer

The answer of Which of the following is a stage...

Question 33

Which of the following is a stage in the 'Purchasing and Supply Development Model'?&#160;&#10;A)&#160;Planning.&#160;&#10;B)&#160;Pricing.&#160;&#10;C)&#160;Design.&#160;&#10;D)&#160;Internal integration.

Accepted Answer

The answer of Which of the following is a stage...

Question 34

Which of the following dimensions can be used to measure and evaluate purchasing activities?&#160;&#10;A)&#160;Product/Quality.&#160;&#10;B)&#160;Reputation.&#160;&#10;C)&#160;Complaints.&#160;&#10;D)&#160;Number of staff.

Accepted Answer

The answer of Which of the following dimensions can be...

Question 35

Which of the following explains 'Purchasing Market Research'?&#160;&#10;A)&#160;The systematic gathering, classification and analysis of data.&#160;&#10;B)&#160;The systematic gathering, classification and analysis of data considering all relevant factors that influence the procurement of goods and services for the purpose of meeting present and future company requirements.&#160;&#10;C)&#160;The systematic gathering, classification and analysis of data considering all relevant factors that influence the procurement of goods and services.&#160;&#10;D)&#160;The systematic gathering, classification and analysis of data considering all relevant factors that influence the procurement of goods and services for the purpose of meeting present.

Accepted Answer

The answer of Which of the following explains 'Purchasing Market...

Question 36

Which of the following dimensions are quality costs?&#160;&#10;A)&#160;The cost of wages and salaries.&#160;&#10;B)&#160;The cost related to the timely recognition of errors.&#160;&#10;C)&#160;The cost of cancelled orders.&#160;&#10;D)&#160;The reputational costs.

Accepted Answer

The answer of Which of the following dimensions are quality...

Question 37

Which of the following dimensions are aspects of materials cost policy?&#160;&#10;A)&#160;Control of the wage/salary bill.&#160;&#10;B)&#160;The cost of energy consumption.&#160;&#10;C)&#160;The cost of cancelled orders.&#160;&#10;D)&#160;Reduction of transaction cost.

Accepted Answer

The answer of Which of the following dimensions are aspects...

Question 38

Which of the following is a stage in the 'Purchasing and Supply Development Model'?&#160;&#10;A)&#160;After Sales Service.&#160;&#10;B)&#160;Pricing.&#160;&#10;C)&#160;Coordination orientation.&#160;&#10;D)&#160;Manufacture.

Accepted Answer

The answer of Which of the following is a stage...

Question 39

Which of the following is a stage in the 'Purchasing and Supply Development Model'?&#160;&#10;A)&#160;External integration.&#160;&#10;B)&#160;Pricing.&#160;&#10;C)&#160;Design.&#160;&#10;D)&#160;Manufacture.

Accepted Answer

The answer of Which of the following is a stage...

Question 40

Which of the following dimensions can be used to measure and evaluate purchasing activities?&#160;&#10;A)&#160;Floor area of facility.&#160;&#10;B)&#160;Reputation.&#160;&#10;C)&#160;Complaints.&#160;&#10;D)&#160;Logistics.

Accepted Answer

The answer of Which of the following dimensions can be...

Question 41

Which of the following are performance targets for purchasing?&#160;&#10;A)&#160;Profit maximisation.&#160;&#10;B)&#160;Supplier quality improvement.&#160;&#10;C)&#160;Improving logistics performance.&#160;&#10;D)&#160;Internal communications.

Accepted Answer

The answer of Which of the following are performance targets...

Question 42

Which one of the following best describes what investments are made by the company in terms of new products and technology,and what products will be taken out of the market for the years to come?&#160;&#10;A)&#160;Planning phase&#160;&#10;B)&#160;Business alignment strategy&#160;&#10;C)&#160;Operational phase&#160;&#10;D)&#160;Implementation phase

Accepted Answer

The answer of Which one of the following best describes...

Question 43

Which of the following are performance targets for purchasing?&#160;&#10;A)&#160;Profit maximisation.&#160;&#10;B)&#160;Supplier quality improvement.&#160;&#10;C)&#160;Improving logistics performance.&#160;&#10;D)&#160;Internal communications.

Accepted Answer

The answer of Which of the following are performance targets...

Question 44

Which of the following must the purchasing management process strive for continuously improving?&#160;&#10;A)&#160;The delivery dates of orders.&#160;&#10;B)&#160;The price/value ratio in the relationship with suppliers.&#160;&#10;C)&#160;The number of suppliers.&#160;&#10;D)&#160;Storage facilities.

Accepted Answer

The answer of Which of the following must the purchasing...

Question 45

Which of the following is not part of communicating purchasing policy?&#160;&#10;A)&#160;Internal communication.&#160;&#10;B)&#160;Settling complaints.&#160;&#10;C)&#160;Business values, integrity and ethics.&#160;&#10;D)&#160;External communication.

Accepted Answer

The answer of Which of the following is not part...

Question 46

Which of the following are performance targets for purchasing?&#160;&#10;A)&#160;Profit maximisation.&#160;&#10;B)&#160;Manufacturing improvement.&#160;&#10;C)&#160;Improving supplier logistics performance.&#160;&#10;D)&#160;Internal inefficiency.

Accepted Answer

The answer of Which of the following are performance targets...

Question 47

Which of the following is not a focus in the purchasing and supply model?&#160;&#10;A)&#160;Reduce cost.&#160;&#10;B)&#160;Total customer satisfaction.&#160;&#10;C)&#160;Contract management.&#160;&#10;D)&#160;Supply chain optimization.

Accepted Answer

The answer of Which of the following is not a...

Question 48

Which of the following tasks is not a task of the purchasing department?&#160;&#10;A)&#160;Conducting purchasing market-research.&#160;&#10;B)&#160;Specification of price and delivery conditions.&#160;&#10;C)&#160;Investigating the financial position of suppliers.&#160;&#10;D)&#160;Defining purchasing specifications.

Accepted Answer

The answer of Which of the following tasks is not...

Question 49

Which of the following is not a focus in the purchasing and supply model?&#160;&#10;A)&#160;Ethics&#160;&#10;B)&#160;Savings through synergy.&#160;&#10;C)&#160;Total cost of ownership.&#160;&#10;D)&#160;Supply chain optimization

Accepted Answer

The answer of Which of the following is not a...

Question 50

Which of the following is not a focus in the purchasing and supply model?&#160;&#10;A)&#160;Reduce cost.&#160;&#10;B)&#160;Social resistance&#160;&#10;C)&#160;Supply chain optimization.&#160;&#10;D)&#160;Serve the factory.

Accepted Answer

The answer of Which of the following is not a...

Question 51

Which of the following techniques can be used to measure purchasing performance?&#160;&#10;A)&#160;Suggestion Schemes.&#160;&#10;B)&#160;Psychometric testing.&#160;&#10;C)&#160;Customer satisfaction surveys.&#160;&#10;D)&#160;Teambuilding.

Accepted Answer

The answer of Which of the following techniques can be...

Question 52

Which of the following techniques can be used to measure purchasing performance?&#160;&#10;A)&#160;Benchmarking.&#160;&#10;B)&#160;Suggestion schemes.&#160;&#10;C)&#160;Teambuilding.&#160;&#10;D)&#160;Psychometric testing.

Accepted Answer

The answer of Which of the following techniques can be...

Question 53

Which of the following is not a stage of development in the purchasing and supply model?&#160;&#10;A)&#160;Transaction orientation.&#160;&#10;B)&#160;Commercial orientation.&#160;&#10;C)&#160;Business values, integrity and ethics development.&#160;&#10;D)&#160;Value chain integration.

Accepted Answer

The answer of Which of the following is not a...

Question 54

Which of the following are performance targets for purchasing?&#160;&#10;A)&#160;Profit maximisation.&#160;&#10;B)&#160;Manufacturing improvement.&#160;&#10;C)&#160;Improving logistics performance.&#160;&#10;D)&#160;Internal efficiency.

Accepted Answer

The answer of Which of the following are performance targets...

Question 55

Which of the following is the prime source of the purchasing objectives?&#160;&#10;A)&#160;Operational plans.&#160;&#10;B)&#160;Customer evaluations.&#160;&#10;C)&#160;Company strategies.&#160;&#10;D)&#160;Tactical plans.

Accepted Answer

The answer of Which of the following is the prime...

Question 56

Which of the following best explains 'Residential engineering'?&#160;&#10;A)&#160;A situation where engineers from the supplier are co-located at the buyer's organization to work on design or manufacturing problems.&#160;&#10;B)&#160;A situation where engineers from the supplier live on the premises of the buyer organization.&#160;&#10;C)&#160;A situation where engineers from a consultancy are co-located at the buyer's organization to work on design or manufacturing problems.&#160;&#10;D)&#160;A situation where accountants from the supplier are co-located at the buyer's organization to work on pricing problems.

Accepted Answer

The answer of Which of the following best explains 'Residential...

Question 57

Which of the following is not a focus in the purchasing and supply model?&#160;&#10;A)&#160;Reduce cost.&#160;&#10;B)&#160;Savings through synergy.&#160;&#10;C)&#160;Total cost of ownership.&#160;&#10;D)&#160;Value chain integration.

Accepted Answer

The answer of Which of the following is not a...

Question 58

Which of the following are performance targets for purchasing?&#160;&#10;A)&#160;Cost reduction.&#160;&#10;B)&#160;Manufacturing improvement.&#160;&#10;C)&#160;Improving logistics performance.&#160;&#10;D)&#160;Internal Transport

Accepted Answer

The answer of Which of the following are performance targets...

Question 59

Which of the following are performance targets for purchasing?&#160;&#10;A)&#160;Profit maximisation.&#160;&#10;B)&#160;Manufacturing improvement.&#160;&#10;C)&#160;Improving supplier logistics performance.&#160;&#10;D)&#160;Internal inefficiency.

Accepted Answer

The answer of Which of the following are performance targets...

Question 60

Which of the following is the prime task and responsibility of purchasing?&#160;&#10;A)&#160;Securing availability of required materials and services at consistent quality from reliable suppliers.&#160;&#10;B)&#160;Securing availability of required materials and services from reliable suppliers.&#160;&#10;C)&#160;Securing availability of required materials and services at consistent quality.&#160;&#10;D)&#160;Securing services at consistent quality from reliable suppliers.

Accepted Answer

The answer of Which of the following is the prime...

Deck 3: The Purchasing Management Process