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Quiz Chapter 3

Authored by Iqbal Ukail

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Quiz Chapter 3
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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"Refer to buying materials or components from suppliers instead of making them in-house. Raw material
that supplier or vendor are to supply to the firms and have closer relationship between suppliers/vendors
and buying organizations towards JIT buying."

The statements above is refers to definition of what ?

Sourcing

Procurement

Purchasing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following are the characteristics of a good supplier except :

Just in time delivery

Sharing information

Good in communication

Total cost increase

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Single sourcing in procurement logistics involves relying on a single supplier for a particular product or service.

True

False

4.

OPEN ENDED QUESTION

3 mins • 1 pt

List out the pros and cons of the sourcing agent .

Evaluate responses using AI:

OFF

5.

REORDER QUESTION

1 min • 1 pt

Rearrange the sourcing process

Contract discussion

Market Assessment

Specification development

Negotiation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does vertical integration in procurement logistics involve?

Outsourcing all procurement activities

Bringing all procurement activities in-house

Expanding the product range

Reducing inventory levels

7.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies or improvements do you think could enhance the efficiency of our distribution processes and help us better meet our procurement goals?

Evaluate responses using AI:

OFF

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