APICS CPIM BSCM Session 8 Test Questions With Verified Answer

to obtain goods and services of the required quality and right cost - Answer Which of the following is an objective of purchasing? a. to keep many sources ofsupply available to ensure competitive pricing b. to control budgetary expenditures ofall employees through sound PO control c. to obtain goods and services of the required quality and right cost d. to ensure that goods are always purchased at the lowest price purchase requisition - Answer In a purchasing system, which of the following originates with the department or person who will be the ultimate user? a. purchase requisition b. PO c. vendor selection d. request for quotation sole sourcing - Answer Which type of sourcing is set up when a product is unique and available from only one source? a. single sourcing b. sole sourcing c. multiple sourcing d. double sourcing issue PO - Answer Which of the following is the next step in the purchasing cycle after a requisition is generated? a. follow up b. approve payment c. receive goods d. issue PO quality - Answer Which of the following categories of a supplier agreement covers specifications, allowable defects and grade?