Procurement Test questions with |\ |\ |\ |\
answers
What is Purchasing? - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\ |\
function of buying products and services
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What is a PO? - CORRECT ANSWERS ✔✔A purchase order
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
used to buy goods or services for a business.
|\ |\ |\ |\ |\ |\ |\ |\
What is Procurement? - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\ |\
process of managing a broad range of processes that are
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
associated with a company's need to procure goods and
|\ |\ |\ |\ |\ |\ |\ |\ |\
services that are required to manufacture a product
|\ |\ |\ |\ |\ |\ |\
What sort of activities does procurement involve? -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Supplier selection, price
|\ |\ |\ |\ |\
negotiation, and contract management. |\ |\ |\
What factors should you consider when selecting a
|\ |\ |\ |\ |\ |\ |\ |\
supplier? - CORRECT ANSWERS ✔✔Quality, Reliability,
|\ |\ |\ |\ |\ |\
Risk, Capability, Financials
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, What is Quality? - CORRECT ANSWERS ✔✔the
|\ |\ |\ |\ |\ |\ |\
specifications a user desires in an item, life of product, |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ease of use, dependability, maintenance
|\ |\ |\ |\
What is Reliability? - CORRECT ANSWERS ✔✔on time
|\ |\ |\ |\ |\ |\ |\ |\
delivery, performance history, consistent on time
|\ |\ |\ |\ |\ |\
deliveries, warranty and claim measures |\ |\ |\ |\
What is Risk? - CORRECT ANSWERS ✔✔supply
|\ |\ |\ |\ |\ |\ |\
uncertainty, many may not be able to provide, materials |\ |\ |\ |\ |\ |\ |\ |\ |\
when and where needed
|\ |\ |\
What is Capability? - CORRECT ANSWERS ✔✔considers
|\ |\ |\ |\ |\ |\ |\
the potential suppliers production facilities and capacity,
|\ |\ |\ |\ |\ |\ |\
technical capability, management, and organizational
|\ |\ |\ |\ |\
capabilities, these indicate the suppliers ability to provide
|\ |\ |\ |\ |\ |\ |\
a needed quality and quantity of material in a timely
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
manner
What is Financials? - CORRECT ANSWERS ✔✔buying firm
|\ |\ |\ |\ |\ |\ |\ |\
considers financial position of suppliers
|\ |\ |\ |\ |\
unstable suppliers pose a threat - could disrupt
|\ |\ |\ |\ |\ |\ |\ |\
production
What is Geographic Location? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔decision to buy for local or distant suppliers, |\ |\ |\ |\ |\ |\ |\ |\
answers
What is Purchasing? - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\ |\
function of buying products and services
|\ |\ |\ |\ |\
What is a PO? - CORRECT ANSWERS ✔✔A purchase order
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
used to buy goods or services for a business.
|\ |\ |\ |\ |\ |\ |\ |\
What is Procurement? - CORRECT ANSWERS ✔✔The
|\ |\ |\ |\ |\ |\ |\
process of managing a broad range of processes that are
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
associated with a company's need to procure goods and
|\ |\ |\ |\ |\ |\ |\ |\ |\
services that are required to manufacture a product
|\ |\ |\ |\ |\ |\ |\
What sort of activities does procurement involve? -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Supplier selection, price
|\ |\ |\ |\ |\
negotiation, and contract management. |\ |\ |\
What factors should you consider when selecting a
|\ |\ |\ |\ |\ |\ |\ |\
supplier? - CORRECT ANSWERS ✔✔Quality, Reliability,
|\ |\ |\ |\ |\ |\
Risk, Capability, Financials
|\ |\
, What is Quality? - CORRECT ANSWERS ✔✔the
|\ |\ |\ |\ |\ |\ |\
specifications a user desires in an item, life of product, |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ease of use, dependability, maintenance
|\ |\ |\ |\
What is Reliability? - CORRECT ANSWERS ✔✔on time
|\ |\ |\ |\ |\ |\ |\ |\
delivery, performance history, consistent on time
|\ |\ |\ |\ |\ |\
deliveries, warranty and claim measures |\ |\ |\ |\
What is Risk? - CORRECT ANSWERS ✔✔supply
|\ |\ |\ |\ |\ |\ |\
uncertainty, many may not be able to provide, materials |\ |\ |\ |\ |\ |\ |\ |\ |\
when and where needed
|\ |\ |\
What is Capability? - CORRECT ANSWERS ✔✔considers
|\ |\ |\ |\ |\ |\ |\
the potential suppliers production facilities and capacity,
|\ |\ |\ |\ |\ |\ |\
technical capability, management, and organizational
|\ |\ |\ |\ |\
capabilities, these indicate the suppliers ability to provide
|\ |\ |\ |\ |\ |\ |\
a needed quality and quantity of material in a timely
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
manner
What is Financials? - CORRECT ANSWERS ✔✔buying firm
|\ |\ |\ |\ |\ |\ |\ |\
considers financial position of suppliers
|\ |\ |\ |\ |\
unstable suppliers pose a threat - could disrupt
|\ |\ |\ |\ |\ |\ |\ |\
production
What is Geographic Location? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\
✔✔decision to buy for local or distant suppliers, |\ |\ |\ |\ |\ |\ |\ |\
