This is a timed quiz. You will be given 1800 seconds to answer all questions. Are you ready?
An intermediary who brings the buyer and the seller together is the:
The amount of inventory kept at each stock point in a warehouse network is usually based on:
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 _____________________________.
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
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:
Which of the following is the MOST effective method for negotiating with the sole supplier of a unique item?
The purpose of supply chain management is
Contract statement of work is the output of which process group?
When using the FOB delivery clause, which of the following responsibilities and rights are true?
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?
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.
Which of the following is NOT the type of budget that the supply management budget includes?
Which of the following is traditionally the MOST common form of payment for international business-to-business transactions?
Which of the following is NOT the type of statement of work (SOW)?
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.
Six Sigma can BEST be described as:
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?
"Quality is defined by the customer" is:
Due to the small changes in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as __________________.
A supply chain is essentially a sequence of linked:
Incoterms can BEST be described as a uniform set of rules:
A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:
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 major decision areas in supply chain management are _______________________________________________.
Which of the following is true for supply chain management?
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?
Supply management is involved in projects at the planning stage through source solicitation planning and selection.
A Supply Chain includes the chain of entities involved in the planning, procurement, production, and _____________ of products and services.
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