BLANK CHECK PURCHASE ORDERS, CORPORATE PURCHASING CARDS…………

cash, and Open-end purchase orders are all possible alternatives to dealing with small value purchases such as those for office supplies. (Points : 1)       True

False

Question 2. 2. Reverse logistics activities include the return of defective and damaged items to the manufacturer, and the recycling of used packaging. (Points : 1) True False

Question 3. 3. As firms seek to improve the products they offer to the market, companies are seeking help from their suppliers in new product design and development through: (Points : 1) Supplier certification programs Manufacturer certification programs Early supplier involvement Total Cost of Ownership initiatives

Question 4. 4. Benefits derived from implementing e-procurement systems include all of the following EXCEPT: (Points : 1) Allows buyers to submit bids and suppliers to respond to those bids in real time Increases the accuracy in communication between buyers and suppliers Creates numerous additional job opportunities in the purchasing department Tracking bids and transactions is easier and faster

Question 5. 5. Which of the following documents is considered the buyer’s offer to purchase products or services from a supplier, is legally binding once the supplier accepts it, and usually has the terms and conditions of purchase preprinted on the back of the document? (Points : 1) Purchase requisition Planned order release Material requisition Purchase order

Question 6. 6. Which of the following would be considered a third party provider? (Points : 1) A Raw materials supplier An intermediate component manufacturer A firm that leases storage warehousing An end product manufacturer

Question 7. 7. Effective supply chain management relies on competitive bidding, corporate privacy, and contracts based on short-term performance. (Points : 1) True False

Question 8. 8. Assembly or production of finished products, producing the right amount of product, and ensuring that finished products meet specific quality, cost, and customer service requirements are all important issues that are most closely related to: (Points : 1) Purchasing Operations Integration Distribution

Question 9. 9. According to the textbook, supply chains include raw material suppliers, intermediate component manufacturers, end-product manufacturers, wholesale distributors, and retailers. (Points : 1) True False

Question 10. 10. In the context of Supply Chain Management, the acts of obtaining raw materials, services, maintenance, repair and operating supplies for money can all be defined as purchasing. (Points : 1) True False