what type of material has many sources of supply and is mostly low value, small indi
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vidual transactions? – answer Non-Critical
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When are supplier evaluation and selection decisions initiated? –
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x answer During routine market testing
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Which of the following is an item associated with direct spending for aircraft manufa
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cturer Boeing? – answer Airplane Rivets
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At Ted's Wicked Manufacturing Plant his logistics manager realizes that an order nee
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ds to be expedited so he pays for UPS's one day delivery option. What type of spend c
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ategory is this expedited order? – answer Services
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what is the most important tactic purchasing should use to meet the material and supp
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ort needs of its internal customers? –
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x answer provide an uninterrupted flow of the appropriate quality materials and servic
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es
how can purchasing add value to an organization? – answer all of the above
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At ted's wicked manufacturing plant his office manager realizes there is not enough p
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aper ordered to track all the orders. what type of spend category is the paper? -
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x answer indirect materialsx x
, When thinking about price reductions, what can purchasing do to achieve significant
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price or cost savings and maintain the appropriate supplier relationship when buying
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leverage items? - answer reduce supply base to leverage volume
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At Ted's plant the procurement manager realizes there was not enough raw materials
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to produce the number of finished goods promised on the master production schedule
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. What type of spend category is this raw material? - answer direct materials
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The purchasing function contributes to the top and bottom line of an organization. -
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x answer True x
What step in the strategic sourcing process involves determining what supplier receiv
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ed the company's business and what opportunities are available to combine volumes
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and standardized purchases? - answer Spend Analysis
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You are a supply manager at a large US bank, responsible for buying marketing and c
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reative services. The marketing services category represents a substantial amount of
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procurement spend, and the suppliers that compete in this industry tend to have very
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different capabilities. Consider the Kraljic matrix and classify this purchase. -
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x answer Strategic item x x
What invention by Malcom Mclean revolutionized how products are shipped and red
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uced cost so that it is considered a key facilitator of global trade? -
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x answer shipping contianers x x
Warehouses play a critical role in the supply chain system by: -
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x answer providing a buffer between supply and demand
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