This is a timed quiz. You will be given 1800 seconds to answer all questions. Are you ready?
Which of the following is NOT the type of statement of work (SOW)?
Incoterms can BEST be described as a uniform set of rules:
To reduce inventory management costs, many companies use a system called ________, which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.
The demand forecast for all products and services then is used to create a________________, which breaks down all labor and material requirements, usually by quarter.
A Supply Chain includes the chain of entities involved in the planning, procurement, production, and _____________ of products and services.
Six Sigma can BEST be described as:
"Quality is defined by the customer" is:
A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:
A supply management professional requested proposals from four suppliers. Before any proposal was received, the project engineering department changed the project scope, which resulted in a change of specifications. What should the supply professional do FIRST?
The terms purchasing and procurement should not be seen as synonymous. As such, which of the following statements do you think has the greatest validity?
Which of the following is the MOST effective method for negotiating with the sole supplier of a unique item?
An intermediary who brings the buyer and the seller together is the:
According to the supply management, one of the most useful ways to develop______________ is, to begin with, an inventory report listing all items in descending order of dollar spent.
The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as _____________________________.
Which of the following is traditionally the MOST common form of payment for international business-to-business transactions?
The major decision areas in supply chain management are _______________________________________________.
Which of the following is true for supply chain management?
Due to the small changes in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as __________________.
The amount of inventory kept at each stock point in a warehouse network is usually based on:
Contract statement of work is the output of which process group?
Supply management is involved in projects at the planning stage through source solicitation planning and selection.
A supply chain is essentially a sequence of linked:
Organizations less familiar with the discipline of project management usually begin by creating task forces or committees within each role to tackle the problem, known as:
The inventory reporting measures format is typically presented in which of the following way?
Which of the following is NOT the type of budget that the supply management budget includes?
Which of the following refers to the forecasting method that utilizes opinions gathered from people?
A solicitation document used to obtain price quotes for a specified product or service is known as:
When using the FOB delivery clause, which of the following responsibilities and rights are true?
The purpose of supply chain management is
Fulfillment of an immediate need, typically of a commoditized item for which it is less important to know the credibility of the supplier is an example of
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