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BUAD 331 Exam 2 Questions and Answers 100% Correct
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BUAD 331 Exam 2 Questions and Answers 100% Correct
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BUAD 331 Exam 2 Questions and Answers 100% CorrectYou are working as a Procurement Manager for a Fortune 500 company and are in charge of
buying a new make and model of work computers for the entire company headquarters. You
know it will be an expensive purchase, but have many options to choose from so you can
make the computer manufacturers bid against each other to get the best price. Which type of
commodity are these computers?
A. Noncritical Commodity
B. Strategic Commodity
C. Leverage Commodity
D. Bottleneck Commodity Correct Ans-C. Leverage Commodity
Purchasing has become a strategic contributor to organizational value by contributing to both
the top and bottom line of the business.
A. True
B. False Correct Ans-A. True
The choice of suppliers is important to ensure an uninterrupted flow of supply and avoid
some of the problems inherent in complex supply chains.
A. True
B. False Correct Ans-A. True
Supplier portfolio analysis was introduced by Michael Porter.
A. True
,BUAD 331 Exam 2 Questions and Answers 100% Correct
B. False Correct Ans-B. False
An item with high market complexity and low importance to the organization should be
classified as:
A. Non-critical
B. Leverage
C. Strategic
D. Bottleneck
E. None of the above Correct Ans-D. Bottleneck
What supplier management tool is the standard to continuously track a supplier's
performance and financial health and ensure that key goals are being met?
A. Partnerships
B. Six Sigma Projects
C. Negotiations
D. Scorecards
E. Sourcing Projects Correct Ans-D. Scorecards
The key to effective procurement strategy is ______ of suppliers and ___________
management.
A. Comparison, aligned
B. Segmentation, strategically appropriate
, BUAD 331 Exam 2 Questions and Answers 100% Correct
C. Strengthening, customer-focused
D. Disconnection, dishonest Correct Ans-B. Segmentation, strategically appropriate
Sourcing is the inputs (or things we buy), including materials, sub-assembled components,
equipment, and services, that are required to create value.
A. True
B. False Correct Ans-B. False
Which of the following is NOT an area in which successful supply managers need expertise?
A. Technologies
B. Customers
C. Suppliers
D. Processes
E. Resources Correct Ans-B. Customers
When purchasing and supply management works well within an organization, the company
acquires the best resources from around the world, which allows its to compete on cost,
quality, and innovation.
A. True
B. False Correct Ans-A. True
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