Global Procurement Management Q4

Which of the following is NOT a component of the Procure-to-Pay (P2P) process?

• Forecast and plan requirement
• Supplier identification/selection
• Employee recruitment
• Settlement payment and performance measurement

In strategic sourcing, what does the term 'leverage' refer to?

• High-risk, low-profit items
• High-profit, low-supply risk items
• Non-critical, routine items
• Items with significant supply disruptions

Which strategy development level is concerned with defining businesses in which the corporation wishes to participate?

• Corporate Strategies
• Business Unit Strategies
• Supply Management Strategies
• Commodity Strategies

Which of the following is a principle used to evaluate alternative strategies?

• Flexibility
• Consonance
• Redundancy
• Scalability

What does a category strategy in strategic sourcing focus on?

• A single product only
• General families of purchased products or services
• Internal production processes
• Internal production processes

Which of the following is a motive for buying offshore?

• Increased lead times
• Access to technology and quality
• Limited manufacturing flexibility
• Domestic supplier preference

What is the primary difference between international procurement and global sourcing?

• Global sourcing is reactive, while international procurement is proactive
• International procurement involves domestic transactions only
• Global sourcing involves broader scope and complexity
• International procurement is more complex than global sourcing

Which term describes moving a business back to its original country?

• Offshoring
• Reshoring
• Nearshoring
• Outsourcing

What is a common challenge when sourcing offshore?

• Increased rules and regulations
• Easier access to domestic markets
• Shorter lead times
• Lower monitoring costs

Which factor is least likely to influence a make-or-buy decision?

• Cost
• Strategy
• Quality
• Supplier proximity