Procurement and Supply Chain Management Practice Questions
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Procurement and Supply Chain Management Quiz
Section 1: Procurement Fundamentals
- 1. Improving compliance, training standards, sourcing strategy, and data handling: Control
- 2. Electronic integration and management of all procurement activities: E-procurement
- 3. Which is not an item of the 'five rights of purchasing'?: At the right cost
- 4. Procurement cycle (Paper inventory replaced by electronic): CD or web-based catalogue
- 5. Demand forecasting reduction: Sharing of demand by customers with suppliers as part of Efficient Consumer Response (ECR)
- 6. Coordination of all supply activities from suppliers to delivery: SCM (Supply Chain Management)
- 7. Improved buying leverage through increased supplier competition: Cost
- 8. Activities involved with obtaining