Indirect procurement - Study guides, Class notes & Summaries
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SCMN 2150 Auburn Barto Test 2 Exam Questions With Verified Answers
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SCMN 2150 Auburn Barto Test 2 Exam 
Questions With Verified Answers 
Supply management - answerThe identification, acquisition, access, positioning, 
management of resources and related capabilities the organization needs or potentially needs in 
the attainment of its strategic objectives. focuses on linking strategies and decisions related to the 
procurement of goods and services 
strategic sourcing (1) - answeran institutional procurement process that continuously 
improves and re-evaluates t...
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CIPS L4M1 Scope and Influence of Procurement and Supply Exam With Complete Solutions 2024
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CIPS L4M1 Scope and Influence of 
Procurement and Supply Exam With 
Complete Solutions 2024 
What is Procurement? 
Procurement is a STRATEGIC function of a business obtains something Tangible as goods or 
Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management 
Quality, Cost, Added Value 
What is Purchasing? 
Is the ACT of physically ordering and buying something. 
What is Supply? 
Is the INFRASTRUCTURE which ensures that products and services get from supplier ...
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CIPS Level 4 Module 1 |215 Questions and Answers(A+ Solution guide)
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The Purchasing process - 1. Define Specification. 
2. Select Supplier 
3. Contract Agreement 
4. Ordering 
5. Expediting 
6. Evaluation Follow up 
Definition of Procurement & Supply - recognition of the fact that the purchasing function has a 
role in not just "buying inputs" but in "securing supply" 
Direct Costs - These are costs which can be identified directly with the production of a good or 
service; e.g. raw materials. 
Usually strategic or leverae suppliers 
Indirect Costs - These ar...
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SCMN 3150 Test 2 (5-8) || with 100% Errorless Answers.
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Why is the buy process so important to companies today? correct answers Because the buy process can generate sustainable advantage 
 
What type of purchase is high risk, high profit impact that requires long-term supplier relationships? correct answers Strategic items 
 
Kralijic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct answers Supply risk and profit impact 
 
Which types of purchases include the modules and components that are used in production proc...
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CIPS L4M1 Scope and Influence of Procurement and Supply P1/4. Questions and answers/| LATEST UPDATE | EXAM PREDICTION QUESTIONS |
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CIPS L4M1 Scope and Influence of 
Procurement and Supply P1/4. 
Questions and answers/ 
Procurement 
Procurement is a strategic function of the business, includes the elements such as : Added Value, Cost, 
Inventory, Logistics, Purchasing, Quality, Supply. 
Purchasing 
Purchasing is the act of physically ordering and buying something. It can be can be tangible or intangible. 
Brainpower 
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0:07 
/ 
0:15 
Supply 
Supply is the infrastructure which ensures that products or services get...
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ITPM Chapter 12 Complete Questions with 100% Correct Answers
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ITPM Chapter 12 Complete Questions with 100% Correct Answers 
T/F: Suppliers are those organizations or individuals who provide procurement services. 
True 
 
 
T/F: While outsourcing, organizations should protect strategic information because it can become vulnerable in the hands of suppliers. 
True 
 
 
T/F: Project procurement management consists primarily of two processes: assessing procurements and controlling procurements. 
False 
 
 
T/F: If an organization has no need to buy any products...
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COMPLETE CTCD TEST EXAM 2024-2025 WITH 100% CORRECT ANSWERS.
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COMPLETE CTCD TEST EXAM WITH 100% CORRECT ANSWERS. 
 
The procurement cycle - Correct Answer: 1. Procurement planning 2. Procurement method determination 3. Vendor solicitation 4. Contract formation and award 5. Contract management 
 
Fundamentals of procurement - Correct Answer: 1. Fairness/transparency 2. Best value for the state 3. Own the mission 4. Good steward of public records 
 
Texas comptroller of public accounts - Correct Answer: state tax collector, treasurer, accountant, develops a...
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SCMN 2150: test #2 Exam Questions With Verified Answers
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SCMN 2150: test #2 Exam Questions With 
Verified Answers 
3 main steps of supply chain. - answer1. supply chain 
2. strategic sourcing 
3. procurement 
goal of supply management. - answerbuy products and services; at the right price; from the 
right source; at the right specification; in the right quantity; for delivery at the right time; to the 
right internal customer 
importance of supply management. - answerability to generate a sustainable advantage 
through lower costs, higher quality, and...
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BUAD 331 - Exam 2 Modules 7, 8, & 9 Practice Questions and Answers
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What is operational capacity composed of? human labor and the machine capacity needed for the conversion process 
 
Operational Management key activities tend to be the same for the production of a good or service. T/F? True 
 
what are three spend categories and commodities and what are some examples of each? 1. direct materials 
- ball bearings 
- fastners 
- body side moldings 
- engine componenets 
 
2. indirect materials 
- office supplies 
- paper towels 
(maintenance/repair) 
 
3. servic...
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ITPM Chapter 12 Exam Questions with 100% Correct Answers
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ITPM Chapter 12 Exam Questions with 
100% Correct Answers 
T/F: Suppliers are those organizations or individuals who provide procurement services. - 
answerTrue 
T/F: While outsourcing, organizations should protect strategic information because it can 
become vulnerable in the hands of suppliers. - answerTrue 
T/F: Project procurement management consists primarily of two processes: assessing 
procurements and controlling procurements. - answerFalse 
T/F: If an organization has no need to buy any...
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