Question 1

The largest category of goods and services that most companies purchase over the Internet are&#10;A)manufacturing inputs&#10;B)maintenance,repair and operation&#10;C)corporate services&#10;D)original equipment manufacture

Accepted Answer

Maintenance, repair, and operation (MRO) goods and services, such as office supplies, maintenance supplies, and equipment repair services, are the most commonly purchased items through e-procurement systems. MRO purchases make up about 80% of all e-procurement transactions.

Question 2

The key component in intermodal transportation is&#10;A)trucking&#10;B)railroads&#10;C)containers&#10;D)ships

Accepted Answer

Containers are the key component in intermodal transportation as they are designed to be easily transferred between different modes of transportation such as trucks, railroads, and ships. The use of standardized containers allows for efficient and seamless movement of goods across different modes of transportation. While trucks, railroads, and ships are also important components, they are not as essential to the intermodal transportation system as the containers themselves.

Question 3

A process where a company posts contracts on a website for items it wants to buy so that suppliers can bid on them is a&#10;A)e-marketplace&#10;B)auction&#10;C)reverse auction&#10;D)spend analysis

Accepted Answer

This process is a reverse auction, as the company is seeking bids from suppliers for items it wants to buy. An e-marketplace is a broad category that includes platforms for buying and selling goods and services, but does not necessarily involve bidding. An auction involves buyers bidding against each other for a single item, which is not the case here. Spend analysis is a separate process of examining a company's purchasing history to identify areas for cost savings and process improvements, and is not directly related to this particular process.

Question 4

The annual cost of warehousing in the U.S.is over&#10;A)$250 billion&#10;B)$470 billion&#10;C)$700 billion&#10;D)$1 trillion

Accepted Answer

According to the 2019 annual State of Logistics report, the total cost of warehousing in the U.S. was approximately $470 billion.

Question 5

The focus of distribution,ensuring on-time delivery of an order,is referred to as&#10;A)spend analysis&#10;B)logistics&#10;C)transportation&#10;D)order fulfillment

Accepted Answer

Order fulfillment refers to the process of getting an order to a customer on time and in the expected condition. This includes a focus on distribution, transportation, and logistics to ensure successful delivery.

Question 6

Indirect goods and services that do not go directly into a product are&#10;A)maintenance,repair and operation&#10;B)corporate services&#10;C)original equipment manufacturer&#10;D)sourcing manufacturer

Accepted Answer

Maintenance, repair, and operation (MRO) items are considered indirect goods and services as they do not go directly into the final product but are necessary for the production process. Corporate services may also be considered indirect as they support the overall functioning of the business rather than being directly involved in the production of goods. Original equipment manufacturers (OEMs) and sourcing manufacturers are both involved in the production of goods and would not typically be considered indirect goods and services.

Question 7

A website where companies and suppliers conduct B2B procurement activities is&#10;A)an OEM&#10;B)an MRO&#10;C)UPS&#10;D)an e-marketplace

Accepted Answer

An e-marketplace is a website or online platform where businesses (companies and suppliers) can conduct B2B procurement activities and transactions. It offers a centralized location where businesses can connect, communicate, and exchange goods and services.

Question 8

The act of purchasing goods and services that may have originally been produced in-house from an outside supplier is called&#10;A)sourcing&#10;B)procurement&#10;C)outsourcing&#10;D)continuous replenishment

Accepted Answer

Outsourcing is the act of purchasing goods and services that may have originally been produced in-house from an outside supplier. Sourcing and procurement both refer to the process of obtaining goods and services, but do not necessarily involve outsourcing. Continuous replenishment is a supply chain strategy aimed at ensuring that materials and products are continuously available to customers.

Question 9

The most important factor in transportation and distribution is&#10;A)cost&#10;B)quality&#10;C)speed&#10;D)reliability

Accepted Answer

The answer of The most important factor in transportation and...

Question 10

An international organization with over 160 member countries dealing with the global rules of trade and that can award most-favored-nation status is the&#10;A)EU&#10;B)NAFTA&#10;C)ISO&#10;D)WTO

Accepted Answer

WTO stands for World Trade Organization, which is an international organization that deals with the global rules of trade and can award most-favored-nation status to member countries. The other options are not directly related to trade and therefore do not fit the description given in the question.

Question 11

In the U.S.the greatest amount of freight is shipped by&#10;A)railroads&#10;B)trucking&#10;C)air freight&#10;D)waterways

Accepted Answer

The answer of In the U.S.the greatest amount of freight...

Question 12

A formal process usually incorporating software for analyzing procurement data to lower costs is&#10;A)spend analysis&#10;B)outsourcing&#10;C)corporate services&#10;D)e-procurement

Accepted Answer

The answer of A formal process usually incorporating software for...

Question 13

Goods and services that go directly into the production of a product are&#10;A)maintenance,repair and operation&#10;B)corporate services&#10;C)original equipment manufacturer&#10;D)sourcing manufacturer

Accepted Answer

The answer of Goods and services that go directly into...

Question 14

Cross-docking,in which a distribution center directs incoming shipments straight to a shipping dock to fill outgoing orders without storing it was originated by&#10;A)Proctor & Gamble&#10;B)Dell&#10;C)Walmart&#10;D)Apple

Accepted Answer

The answer of Cross-docking,in which a distribution center directs incoming...

Question 15

The worst record of quality performance among shipping modes is by&#10;A)trucking&#10;B)air freight&#10;C)waterways&#10;D)railroads

Accepted Answer

The answer of The worst record of quality performance among...

Question 16

The total cost of producing,storing and transporting a product to the site of consumption or another port is the&#10;A)landed cost&#10;B)tariff&#10;C)duty&#10;D)value added tax

Accepted Answer

The answer of The total cost of producing,storing and transporting...

Question 17

The world's leading consumer goods sourcing company supplying apparel products to over 8,000 global customers is&#10;A)Walmart&#10;B)Zara&#10;C)Li & Fung&#10;D)Hong Kong Exports,Ltd

Accepted Answer

The answer of The world's leading consumer goods sourcing company...

Question 18

Moving some final manufacturing steps into a warehouse or distribution center is referred to as&#10;A)logistical transfer&#10;B)outsourcing&#10;C)continuous replenishment&#10;D)postponement

Accepted Answer

The answer of Moving some final manufacturing steps into a...

Question 19

A relationship in which a company shares real-time demand and inventory data with its suppliers,goods and services are provided to the company as needed is called&#10;A)direct sourcing&#10;B)direct-response delivery&#10;C)on-demand delivery&#10;D)continuous replenishment

Accepted Answer

The answer of A relationship in which a company shares...

Deck 15: Global Supply Chain Procurement and Distribution