BCOR 360 EXAM 2 UPDATED QUESTIONS AND ANSWERS
What are the five activities of the SCOR model? - CORRECT ANSWER✅✅✅plan, source,
make, deliver, return
Which of the following is a "right" in the less formal definitions of purchasing? - CORRECT
ANSWER✅✅✅Obtaining the right material; In the right quantity; At the right time; For
delivery to the right place; All of the above
During WWII, ________ increased the emphasis on purchasing. - CORRECT
ANSWER✅✅✅Materials Shortages
Purchasing savings can have a huge impact on the firm's profit leverage. - CORRECT
ANSWER✅✅✅True
During which era did outsourcing make purchasing strategic? - CORRECT
ANSWER✅✅✅Strategic Era
The strategic sourcing matrix: - CORRECT ANSWER✅✅✅Is used to segment purchases; Is
widely used in practice; Considers the importance of the category and the complexity of the
market to classify purchases; All of the above
Leverage purchases: - CORRECT ANSWER✅✅✅A buyer's dream; Your best opportunity
to really save money; Only B and C
Bottleneck buys: - CORRECT ANSWER✅✅✅Are difficult to manage because there are
few options.
A purchase where there are a large number of competitive suppliers and you buy a fairly large
amount relative to the market would most likely be classified as: - CORRECT
ANSWER✅✅✅Leverage
, Critical items (on the strategic sourcing matrix) are: - CORRECT ANSWER✅✅✅Also
called strategic items
Which of the following is not a step in the strategic sourcing process? - CORRECT
ANSWER✅✅✅Plan
Supplier segmentation using the strategic sourcing matrix occurs during which step of the
strategic sourcing process? - CORRECT ANSWER✅✅✅Analyze
During which step of the strategic sourcing process would you identify potential suppliers? -
CORRECT ANSWER✅✅✅Source
When it comes to negotiations, it is important to know that: - CORRECT
ANSWER✅✅✅Knowledge is power
during which step of the strategic sourcing process do you actually purchase items you have
contracted for? - CORRECT ANSWER✅✅✅Procure
A strategic alliance is most likely in which spend category? - CORRECT
ANSWER✅✅✅Critical
Reasons for early supplier involvement is: - CORRECT ANSWER✅✅✅To utilize the
supplier's innovative ideas; Because the most cost and functionality is determined during design;
Only B and C
Potential supplier contributions from ESI include: - CORRECT ANSWER✅✅✅Providing
feedback on feasibility of materials and processes; Suggest alternatives; Improve cost; Improve
lead time; All of the above
In its relationship with Gordon Foods, Bob Evans did which of the following? - CORRECT
ANSWER✅✅✅Consolidated to a single source; Gave the drivers access to the restaurants at
night for delivery when no one else was there; Only A and C
What are the five activities of the SCOR model? - CORRECT ANSWER✅✅✅plan, source,
make, deliver, return
Which of the following is a "right" in the less formal definitions of purchasing? - CORRECT
ANSWER✅✅✅Obtaining the right material; In the right quantity; At the right time; For
delivery to the right place; All of the above
During WWII, ________ increased the emphasis on purchasing. - CORRECT
ANSWER✅✅✅Materials Shortages
Purchasing savings can have a huge impact on the firm's profit leverage. - CORRECT
ANSWER✅✅✅True
During which era did outsourcing make purchasing strategic? - CORRECT
ANSWER✅✅✅Strategic Era
The strategic sourcing matrix: - CORRECT ANSWER✅✅✅Is used to segment purchases; Is
widely used in practice; Considers the importance of the category and the complexity of the
market to classify purchases; All of the above
Leverage purchases: - CORRECT ANSWER✅✅✅A buyer's dream; Your best opportunity
to really save money; Only B and C
Bottleneck buys: - CORRECT ANSWER✅✅✅Are difficult to manage because there are
few options.
A purchase where there are a large number of competitive suppliers and you buy a fairly large
amount relative to the market would most likely be classified as: - CORRECT
ANSWER✅✅✅Leverage
, Critical items (on the strategic sourcing matrix) are: - CORRECT ANSWER✅✅✅Also
called strategic items
Which of the following is not a step in the strategic sourcing process? - CORRECT
ANSWER✅✅✅Plan
Supplier segmentation using the strategic sourcing matrix occurs during which step of the
strategic sourcing process? - CORRECT ANSWER✅✅✅Analyze
During which step of the strategic sourcing process would you identify potential suppliers? -
CORRECT ANSWER✅✅✅Source
When it comes to negotiations, it is important to know that: - CORRECT
ANSWER✅✅✅Knowledge is power
during which step of the strategic sourcing process do you actually purchase items you have
contracted for? - CORRECT ANSWER✅✅✅Procure
A strategic alliance is most likely in which spend category? - CORRECT
ANSWER✅✅✅Critical
Reasons for early supplier involvement is: - CORRECT ANSWER✅✅✅To utilize the
supplier's innovative ideas; Because the most cost and functionality is determined during design;
Only B and C
Potential supplier contributions from ESI include: - CORRECT ANSWER✅✅✅Providing
feedback on feasibility of materials and processes; Suggest alternatives; Improve cost; Improve
lead time; All of the above
In its relationship with Gordon Foods, Bob Evans did which of the following? - CORRECT
ANSWER✅✅✅Consolidated to a single source; Gave the drivers access to the restaurants at
night for delivery when no one else was there; Only A and C
