SCM301m – nhung UPDATED ACTUAL Questions and CORRECT
Answers
In regard to Procurement Function SWOT Analysis Do-
mains, which of the following statements describes Op-
portunities?
a. External factors that, if they become reality, can con-
strain the procurement function and be a source of brand
damage and customer dissatisfaction, requiring intense
risk mitigation strategies.
c
b. Procurement function core competencies or capabili-
ties that are executed well; they can be a source of strate-
gic alignment and competitive advantage.
c. External factors that, if leveraged effectively, can be a
source of procurement function enhancement and com-
petitive advantage.
d. Procurement function disadvantages that exist.
The key purpose and benefit of using Porter's 5 Forces is
to:
a. rank each of your suppliers on each of the five forces
and then select suppliers based on that criteria.
b. understand the potentials and risks of specific supply
b
markets, as necessary for effective sourcing strategies
c. understand which of the five forces is the strongest and
thereby concentrate on that force when negotiating with
your suppliers
d. select suppliers
Which of the following is a step in the process of analyzing
the financial health of a supplier?
a. Calculate the 14 business ratios and compare them
againts the mean in their industry and location c
b. Calculate the 14 business ratios and compare them
againts the mode in their industry and location
, c. Calculate the 14 business ratios and compare them
2/8
Answers
In regard to Procurement Function SWOT Analysis Do-
mains, which of the following statements describes Op-
portunities?
a. External factors that, if they become reality, can con-
strain the procurement function and be a source of brand
damage and customer dissatisfaction, requiring intense
risk mitigation strategies.
c
b. Procurement function core competencies or capabili-
ties that are executed well; they can be a source of strate-
gic alignment and competitive advantage.
c. External factors that, if leveraged effectively, can be a
source of procurement function enhancement and com-
petitive advantage.
d. Procurement function disadvantages that exist.
The key purpose and benefit of using Porter's 5 Forces is
to:
a. rank each of your suppliers on each of the five forces
and then select suppliers based on that criteria.
b. understand the potentials and risks of specific supply
b
markets, as necessary for effective sourcing strategies
c. understand which of the five forces is the strongest and
thereby concentrate on that force when negotiating with
your suppliers
d. select suppliers
Which of the following is a step in the process of analyzing
the financial health of a supplier?
a. Calculate the 14 business ratios and compare them
againts the mean in their industry and location c
b. Calculate the 14 business ratios and compare them
againts the mode in their industry and location
, c. Calculate the 14 business ratios and compare them
2/8
