QUIZIZZ_OM_PROCUREMENT_PROCESS_VENDORS_11042023

What is the first step in the procurement process?

• Conducting market research
• Selecting suppliers
• Evaluating proposals
• Developing a statement of work

Which of the following is an advantage of single sourcing?

• Reduced risk of supply chain disruption
• Increased competition among suppliers
• Lower prices
• Greater flexibility to switch suppliers

What is the purpose of a supplier scorecard?

• To track supplier performance
• To evaluate potential suppliers
• To conduct market research
• To develop a statement of work

What is a request for proposal (RFP)?

• A document that requests proposals from vendors
• A legally binding contract
• A document that evaluates supplier performance
• A document that specifies the scope of work

Which of the following is a common method for evaluating supplier performance?

• Balanced scorecard
• Pareto chart
• SWOT analysis
• Fishbone diagram

What is a contract manufacturer?

• A company that manufactures goods for other companies
• A company that supplies goods
• A company that provides logistics services
• A company that provides technical support services

What is the purpose of a service level agreement (SLA)?

• To define the level of service to be provided
• To evaluate potential suppliers
• To track supplier performance
• To provide a warranty for goods or services

Which of the following is an example of a strategic supplier?

• A supplier that provides raw materials
• A supplier that provides office supplies
• A supplier that provides maintenance services
• A supplier that provides critical components or services

What is the purpose of a supplier audit?

• To assess a supplier's compliance with quality standards
• To evaluate potential suppliers
• To track supplier performance
• To negotiate prices with suppliers

What is a blanket purchase order (BPO)?

• A purchase order that covers multiple deliveries
• A purchase order that requires advance payment
• A purchase order that specifies the quantity
• A purchase order that requires approval from multiple stakeholders