Supplier Selection and Evaluation in Purchasing and Supply Chain Management MCQ
The assimilation in one company of multiple stages of production normally operated by separate companies is known as ?
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Correct Answer:
Vertical integration
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Sharing the benefits of an efficient supply chain with supply chain members’ lower tiers is known as?
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Correct Answer:
Transfer of value downstream
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Those that provide the buying firm with items that are critical to its core business and that can be not easily replaced in a short time is known as Transactional suppliers ?
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Correct Answer:
False
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A Thomas Register is a buying source that categorizes potential suppliers as manufacturers.
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Correct Answer:
Both a and b
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The ____management of strategic collaborative relationships between buying and selling organizations.
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Correct Answer:
Supplier relationship
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A set of _______and measurements for controlling long-term relationships with existing strategic suppliers is known as?
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Correct Answer:
Expectations
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The procedure of evaluating a supplier’s ability to perform the required quantity, quality, and scheduled requirements is known as ?
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Correct Answer:
Supplier evaluations
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The strategic supplier program is a unit within purchasing, stores, and _____services. Its primary responsibility is negotiating high-valued contracts with key suppliers.
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Correct Answer:
Auxiliary
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A _______resulting in positive benefits for both the buying and selling organization is known as strategic match .
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Correct Answer:
win-win relationship
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________is an assessment of the supplier’s production or service process.
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Correct Answer:
Process-based evaluation
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The difference between the selling price of a good or service and the cost; can be expressed as a percentage or fixed amount is known as ?
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Correct Answer:
Price markup
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_______are those that are not important to the buying firm, but conventional suppliers could be found with different effort.
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Correct Answer:
Preferred suppliers
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______Is an assessment of the supplier’s actual performance on a variety of criteria, such as delivery reliability, cost, and quality defect rate.
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Correct Answer:
Performance-based evaluation
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Delegation of function or production capabilities.
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Correct Answer:
Both a and b
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A ______that contracts with a firm for components or products; contract manufacturing is not the same as outsourcing.
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Correct Answer:
Contract manufacturer
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Supplier A and Supplier B supply__ and ___of the requirements, respectively.
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Correct Answer:
80%,20%
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