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SCM 486
Quick Check - Topic 2
| Question | Answer |
|---|---|
| Not all buys are created equal; you should spend more time and effort on some purchases than others. - True - False | True |
| Which of the following is characteristic of a high importance buying category -You need a lot of this purchased input -There are many suppliers who want to sell you this input -The input has a large impact on the customer experience -All of the above | The input has a large impact on the customer experience |
| Which category is high-importance, but low market complexity? - Exploitable - Critical - Routine - Leverage - Bottleneck | Leverage |
| As a purchasing professional, you should spend a lot of time managing routine buys - True - False | False |
| Capital goods are small, frequently purchased, low-dollar buys. - True - False | False |
| Which of the following is a direct material? - Cardboard for cereal boxes - Stamping machine in an auto-parts factory - Copier paper - Landscaping services for corporate headquarters - All of the above | Cardboard for cereal boxes |
| Why can services be challenging to buy? - They are intangible - It’s hard to know what you are actually getting or to evaluate quality - You being may lack knowledge in the service being purchased - All of the above | All of the above |
| What is unauthorized buying by non-purchasing personnel called? - Frozen spending (because it’s put on “hold” until a purchasing manager clears it) - Maverick spending - Outlaw spending - Illegal spending - Forbidden spending | Maverick spending |
| Buying a larger quantity than you need to get a price break might cause additional problems, so do this with caution. - True - False | True |
| The purchasing process consists of four key steps: need communication, supplier selection, transaction management, relationship management - True - False | True |
| How do internal customers formally communicate their needs to purchasing? - Packing slip - Purchase order - Invoice - Purchase requisition - Receiving report | Purchase requisition |
| Which documents must agree for the triple-match? - PO, invoice, requisition - PO, requisition, receiving report - PO, invoice, and receiving report - PO, invoice, bill of materials - PO, requisition, bill of materials | PO, invoice, and receiving report |
| What PO is used for recurring purchases and covering a longer period of time? - Extended PO - Transactional PO - Transfer PO - Longitudinal PO - Blanket PO | Blanket PO |
| What is the form of competitive bidding where suppliers bid on the contract on-line in real-time? - Virtual free-for-all -Timed bid event - Internet playoff - Web contest - Reverse auction | Reverse auction |
Created by:
tgalless
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