BUAD 331 Exam 2 study guide correctly answered rated A+

BUAD 331 Exam 2 study guide what type of material has many sources of supply and is mostly low value, small individual transactions? - correct answer Non-Critical When are supplier evaluation and selection decisions initiated? - correct answer During routine market testing Which of the following is an item associated with direct spending for aircraft manufacturer Boeing? - correct answer Airplane Rivets At Ted's Wicked Manufacturing Plant his logistics manager realizes that an order needs to be expedited so he pays for UPS's one day delivery option. What type of spend category is this expedited order? - correct answer Services what is the most important tactic purchasing should use to meet the material and support needs of its internal customers? - correct answer provide an uninterrupted flow of the appropriate quality materials and services how can purchasing add value to an organization? - correct answer all of the above At ted's wicked manufacturing plant his office manager realizes there is not enough paper ordered to track all the orders. what type of spend category is the paper? - correct answer indirect materials When thinking about price reductions, what can purchasing do to achieve significant price or cost savings and maintain the appropriate supplier relationship when buying leverage items? - correct answer reduce supply base to leverage volume At Ted's plant the procurement manager realizes there was not enough raw materials to produce the number of finished goods promised on the master production schedule. What type of spend category is this raw material? - correct answer direct materials