| Question 1 of 20 |
5.0 Points |
Procurement activities include which of the following?
| A. Consumption management |
| B. Market research |
| C. Customer relationship management |
| D. Order entry management |
|
| Question 2 of 20 |
5.0 Points |
Indirect products are best defined as which of the following?
| A. Maintenance, repair, and operating supplies |
| B. Specialized goods |
| C. Customized goods |
| D. High volume production materials |
|
| Question 3 of 20 |
5.0 Points |
Which statement is true about “days of sales outstanding”?
| A. It is used by sales to generate the forecast. |
| B. It is primarily used by sales to gauge sales performance. |
| C. It is a measurement used to analyze receivables. |
| D. It is used to manage inventories. |
|
| Question 4 of 20 |
5.0 Points |
Once management has a grasp of the company’s receivable situation, the next step is to do which of the following?
| A. Place all orders on credit hold |
| B. Establish the same payment terms for all customers |
| C. Delegate receivable terms to sales |
| D. Set or change risk acceptance criteria |
|
| Question 5 of 20 |
5.0 Points |
Which of the following is part of the credit and collections function?
| A. Sales of order entry |
| B. Setting credit policy |
| C. Comparing purchase order terms with company policy |
| D. Writing order entry processes |
|
| Question 6 of 20 |
5.0 Points |
Credit analysis is necessary to ensure which of the following?
| A. Credit terms are extended to customers who can pay according to the terms of the sale |
| B. That sales is collecting payments on time |
| C. Terms are properly extended to only alliance partners |
| D. That special deals are structured |
|
| Question 7 of 20 |
5.0 Points |
Which statement is true regarding product design?
| A. Costs can account for 50% or more of the product’s final cost. |
| B. The goal is to have many inexpensive simple designs. |
| C. Assembly design is generally discouraged. |
| D. Modularization is OK, but only for spare parts. |
|
| Question 8 of 20 |
5.0 Points |
Which of the following statements is true regarding product design?
| A. Product development should be done solely by engineering. |
| B. There are rarely conflicting perspectives between design, procurement, and manufacturing. |
| C. Has little impact on availability of product. |
| D. Product design defines the shape of the supply chain. |
|
| Question 9 of 20 |
5.0 Points |
Which of the following steps was used by Toyota and Honda to build supplier relationships?
| A. Develop suppliers’ technical capabilities |
| B. Dictate problem-solving techniques that should be used |
| C. Require that suppliers divulge all financial data |
| D. Focus on low cost in the supply chain |
|
| Question 10 of 20 |
5.0 Points |
The four Ms of manufacturing include which of the following?
| A. Measurements |
| B. Master scheduling |
| C. Maximization |
| D. Money |
|
| Question 11 of 20 |
5.0 Points |
In regard to production scheduling, which of the following are NOT considered competing objectives?
| A. High utilization rates |
| B. Low inventories |
| C. High productivity |
| D. High customer service |
|
| Question 12 of 20 |
5.0 Points |
Scheduling “types” include which of the following?
| A. Dispatching |
| B. Capacity scheduling |
| C. Material requirements planning |
| D. Resource scheduling |
|
| Question 13 of 20 |
5.0 Points |
What tends to be true about companies in terms of facility decisions?
| A. Companies live with consequences of poor decisions because of high costs to make changes. |
| B. They have little to do with supply chain management decisions. |
| C. They have nothing to do with flexibility. |
| D. They have nothing to do with decisions related to allocation of suppliers to a specific facility. |
|
| Question 14 of 20 |
5.0 Points |
How does facilities management impact the supply chain?
| A. Facilities management dictates activities to be performed by suppliers |
| B. Capacity allocation influences supply chain performance and profitability |
| C. Has little to do with transportation costs |
| D. There is no relationship between the two |
|
| Question 15 of 20 |
5.0 Points |
The procurement process considers which of the following when looking for a supplier?
| A. Whether to use single source or not |
| B. If an adversarial relationship is needed |
| C. The amount of money that can be squeezed out of the supplier |
| D. If the supplier can be trusted with shared data |
|
| Question 16 of 20 |
5.0 Points |
Multiple sourcing can be which of the following?
| A. Adversarial |
| B. Alliance |
| C. Exclusive |
| D. Specialized |
|
| Question 17 of 20 |
5.0 Points |
Direct materials include which of the following?
| A. Repair products |
| B. Consumable products |
| C. Materials used to produce finished goods sold to customers |
| D. Maintenance projects |
|
| Question 18 of 20 |
5.0 Points |
E-Procurement is best described by which of the following?
| A. Electronic data interchange |
| B. Internet purchasing |
| C. Use of Internet forms |
| D. Hubs with multiple suppliers |
|
| Question 19 of 20 |
5.0 Points |
Effective consumption management requires procurement staff to track which of the following?
| A. Who is buying what |
| B. What materials are for primary products |
| C. Contract purchasing |
| D. Vendor selection |
|
| Question 20 of 20 |
5.0 Points |
In terms of product design, how can cross-functional teams contribute?
| A. By developing company strategy |
| B. By determining purchased order terms |
| C. By evaluating supplier’s manufacturing facilities |
| D. By establishing master production schedule quantities
|
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