Question 1

A master service agreement (MSA) is a type of open-ended purchase order.

Accepted Answer

A) True 
 B)False

Question 2

The terms and conditions included in a purchase order from a company do not vary from purchase to purchase, regardless of what goods or services are being acquired.

Accepted Answer

A) True 
 B)False

Question 3

The first step in optimizing the supply process is to build internal consensus around the opportunities to add value to the organization.

Accepted Answer

A) True 
 B)False

Question 4

It is relatively easy to develop a global database to consolidate volumes and sourcing strategy because common technical standards and government regulations exist across countries.

Accepted Answer

A) True 
 B)False

Question 5

A requisition is a gatekeeping tool to manage the flow of information through three gates:
(1) authority, (2) internal clarity, and (3) internal clearance.

Accepted Answer

A) True 
 B)False

Question 6

Improving the efficiency and effectiveness of the process for small value orders can be achieved through:

Accepted Answer

A)   vendor/supplier managed inventory systems.
B)   the use of purchasing cards.
C)   eliminating all small value orders completely.
D)   vendor/supplier managed inventory systems and the use of purchasing cards.
E)   vendor/supplier managed inventory systems, the use of purchasing cards, and eliminating all small value orders completely.F) C) and D)
G) All of the above

Question 7

A process is a set of activities that has a beginning and an end, occurs in a specific sequence, and has inputs and outputs.

Accepted Answer

A) True 
 B)False

Question 8

The application of pressure on a supplier to meet the original delivery promise, to deliver ahead of schedule, or to speed up delivery of a delayed order is called follow-up.

Accepted Answer

A) True 
 B)False

Question 9

An online reverse auction may require significant upfront preparation and cost.

Accepted Answer

A) True 
 B)False

Question 10

Maverick buying is a talented member of the supply department whose creativity and innovations have saved the organization large sums of money.

Accepted Answer

A) True 
 B)False

Exam 4: Supply Processes and Technology

The first step in optimizing the supply process is to build internal consensus around the opportunities to add value to the organization.

Correct Answer
verified

The terms and conditions included in a purchase order from a company do not vary from purchase to purchase, regardless of what goods or services are being acquired.

Correct Answer
verified

A master service agreement (MSA) is a type of open-ended purchase order.

Correct Answer
verified

An online reverse auction may require significant upfront preparation and cost.

Correct Answer
verified

A requisition is a gatekeeping tool to manage the flow of information through three gates: (1) authority, (2) internal clarity, and (3) internal clearance.

Correct Answer
verified

The application of pressure on a supplier to meet the original delivery promise, to deliver ahead of schedule, or to speed up delivery of a delayed order is called follow-up.

Correct Answer
verified

A process is a set of activities that has a beginning and an end, occurs in a specific sequence, and has inputs and outputs.

Correct Answer
verified

It is relatively easy to develop a global database to consolidate volumes and sourcing strategy because common technical standards and government regulations exist across countries.

Correct Answer
verified

Maverick buying is a talented member of the supply department whose creativity and innovations have saved the organization large sums of money.

Correct Answer
verified

Improving the efficiency and effectiveness of the process for small value orders can be achieved through:

Correct Answer
verified

Exam 4: Supply Processes and Technology

The first step in optimizing the supply process is to build internal consensus around the opportunities to add value to the organization.

Correct AnswerverifiedShow Answer

The terms and conditions included in a purchase order from a company do not vary from purchase to purchase, regardless of what goods or services are being acquired.

Correct AnswerverifiedShow Answer

A master service agreement (MSA) is a type of open-ended purchase order.

Correct AnswerverifiedShow Answer

An online reverse auction may require significant upfront preparation and cost.

Correct AnswerverifiedShow Answer

A requisition is a gatekeeping tool to manage the flow of information through three gates: (1) authority, (2) internal clarity, and (3) internal clearance.

Correct AnswerverifiedShow Answer

The application of pressure on a supplier to meet the original delivery promise, to deliver ahead of schedule, or to speed up delivery of a delayed order is called follow-up.

Correct AnswerverifiedShow Answer

A process is a set of activities that has a beginning and an end, occurs in a specific sequence, and has inputs and outputs.

Correct AnswerverifiedShow Answer

It is relatively easy to develop a global database to consolidate volumes and sourcing strategy because common technical standards and government regulations exist across countries.

Correct AnswerverifiedShow Answer

Maverick buying is a talented member of the supply department whose creativity and innovations have saved the organization large sums of money.

Correct AnswerverifiedShow Answer

Improving the efficiency and effectiveness of the process for small value orders can be achieved through:

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified