ASCM Procurement Certificate Study
Guide Section 2 question with answers
Tactical buying is used for which type of materials? - -Highly standardized
-Which would be the best example of a type of material that strategic sourcing
would be helpful as part of the purchasing process? - -Custom design
-An EOQ is calculated to determine the maximum lot size? - -False
-What is the primary purpose of conducting a break-even analysis on a specific part
from a supplier? - -Simulate the impact of different volumes and prices
-What type of supplier relationship has the most strategic focus? - -Partnership type
-Giving suppliers projections of future orders provides support for which of the
following supplier activities?
I. Workforce stabilization
II. Raw materials cost reduction
III. Capacity utilization improvement - -I, II, and III
-The goal of a supplier evaluation system is to - -ensure suppliers are meeting the
needs of the buyer
-Which of the following principles of supplier partnership is LEAST important? - -
Pricing
-Price analysis should be done for - -every significant purchase
-Which purchasing method assumes the lowest level of operational integration
between supplier and customer? - -Purchase order
-Which of the following factors would point to the need for a make-or-buy decision
for a particular product? - -The firm does not have the information technologies and
skilled personnel to plan and control production.
-Which of the following are principles of partnership with suppliers? - -All of the
listed qualities are principles of supplier partnerships.
-
Guide Section 2 question with answers
Tactical buying is used for which type of materials? - -Highly standardized
-Which would be the best example of a type of material that strategic sourcing
would be helpful as part of the purchasing process? - -Custom design
-An EOQ is calculated to determine the maximum lot size? - -False
-What is the primary purpose of conducting a break-even analysis on a specific part
from a supplier? - -Simulate the impact of different volumes and prices
-What type of supplier relationship has the most strategic focus? - -Partnership type
-Giving suppliers projections of future orders provides support for which of the
following supplier activities?
I. Workforce stabilization
II. Raw materials cost reduction
III. Capacity utilization improvement - -I, II, and III
-The goal of a supplier evaluation system is to - -ensure suppliers are meeting the
needs of the buyer
-Which of the following principles of supplier partnership is LEAST important? - -
Pricing
-Price analysis should be done for - -every significant purchase
-Which purchasing method assumes the lowest level of operational integration
between supplier and customer? - -Purchase order
-Which of the following factors would point to the need for a make-or-buy decision
for a particular product? - -The firm does not have the information technologies and
skilled personnel to plan and control production.
-Which of the following are principles of partnership with suppliers? - -All of the
listed qualities are principles of supplier partnerships.
-
