Sourcing and Purchasing Quiz

_____ is responsible for all activities related to purchasing goods and services.

• Manufacturing

• Marketing

• Sourcing

• Logistics

• Finance

Sourcing addresses the _____ part of the supply chain:

• Channels of distribution

• Market segmentation

• Upstream

• Downstream

• None of the above

_____ is a term that defines the process of buying goods and services.

• Manufacturing

• Marketing

• Sourcing

• Logistics

• Purchasing

_____ sourcing focuses on more than just price when selecting suppliers.

• Innovative

• Supply side

• Tactical

• Functional

• Strategic

Factors in the marketplace that elevated sourcing from a clerical-oriented function include:

• Internet technology

• Global competition

• Growth of consumer sourcing

• Multiple distribution channels

• a and b

Purchasing laundry detergent at a retail store is an example of:

• Commercial sourcing

• Consumer sourcing

• Retail sourcing

• Mass customization

• None of the above

Attributes of a commercial sourcing include:

• Multiple suppliers of common products

• Buyers are final consumers of products

• Buyer does not negotiate purchase price

• Buyers have specialized purchasing needs

• All of the above

The sourcing function impacts an organization in many ways including:

• Operational

• Financial

• Strategic

• All of the above

• None of the above

The fact that an organization invests significant amounts of cash in the sourcing function relates to which impact of the sourcing function:

• Risk mitigation

• Strategic

• Finance

• Operational

• Information

Keeping the organization at the forefront of new technologies and suppliers relates to which impact of the sourcing function:

• Risk mitigation

• Strategic

• Finance

• Operational

• Information