Essay
MNP3701 ASSESSMENT 1 SEMESTER 2 2024
- Course
- Institution
MNP3701 ASSESSMENT 1 SEMESTER 2 2024
[Show more]
Seller
Follow
tatendamuzavazi
Reviews received
Content preview
5/2/24, 9:14 PM Assessment 1: Attempt reviewUNISA 2024 MNP3701-24-S1 ASSESSMENTS Assessment 1
QUIZ
Started on Thursday, 4 April 2024, 11:28 AM
State Finished
Completed on Thursday, 4 April 2024, 11:58 AM
Time taken 30 mins
Marks 11.50/20.00
Grade 57.50 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
_____ is the tendency of a rational group or team to arrive at a bad decision
when other information is available.
a. Process loss
b. Maverick spend
c. Groupthink
d. Serendipity
Question 2
Not answered
Marked out of 1.00
Suppose a technology startup, is considering adopting an electronic
procurement (e-procurement) system to improve its purchasing operations.
How can the implementation of e-procurement contribute to the technology
startup's strategic sourcing initiatives?
a. By outsourcing procurement activities to third-party vendors.
b. By enhancing communication and collaboration between vendors.
c. By limiting communication channels with suppliers.
d. By increasing reliance on external suppliers.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=16888684&cmid=845072 1/8
,5/2/24, 9:14 PM Assessment 1: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
____ is the process of collecting historical data by commodity relative to
demand from the business lines, except for personnel expenses, occupancy,
and corporate spend.
a. Spend analysis
b. Demand management
c. Category management
d. Supply analysis
Question 4
Incorrect
Mark 0.00 out of 1.00
When an internal customer has a need that comes up suddenly, which is not
planned for and for which no preexisting supplier is identified to provide the
product or service required, purchasing should use a/an ____ approach.
a. Long term agreement
b. Procure to pay
c. Spot buy
d. E-procurement
Question 5
Incorrect
Mark 0.00 out of 1.00
_________ is a type of software that aids supply chain managers with the
automation of straightforward routine operations.
a. Global positioning systems
b. Bot managers
c. Radio Frequency Identification
d. Cloud computing
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=16888684&cmid=845072 2/8
,5/2/24, 9:14 PM Assessment 1: Attempt review
Question 6
Incorrect
Mark 0.00 out of 1.00
As a procurement professional, Sue is tasked with translating supply market
data into compelling insights used to solve some of the problems her
organisation is struggling with and enable organisational connections and
networking that accelerate business success. This statement refers to:
a. Reciprocity
b. Relationship capital
c. Supplier relationship management
d. Process gain
Question 7
Correct
Mark 1.00 out of 1.00
According to the prescribed book, what does supply management require
regarding supplier relationships?
a. Arm’s-length or adversarial relationships
b. A mentor-mentee relationship where the supplier mentors the buyer in
becoming their own manufacturer
c. Win-lose relationships where the buying organisation always benefits
at the expense of the supplier
d. Direct working relationships with suppliers
Question 8
Correct
Mark 1.00 out of 1.00
____ involves goods flowing out of business either to final customers or
elsewhere in the distribution system.
a. Inbound transportation
b. Demand and supply planning
c. Outbound transportation
d. Measurement
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=16888684&cmid=845072 3/8
, 5/2/24, 9:14 PM Assessment 1: Attempt review
Question 9
Incorrect
Mark 0.00 out of 1.00
Which one of the following statements would best represent an example of re-
shoring in South Africa?
a. JKL Limited decides to start producing their own brand of scented
candles to stock in their craft shops.
b. MNO Traders decides to import low-cost furniture from China
instead of purchasing from more expensive South African
suppliers.
c. ABC Traders decides to purchase their computer parts from a supplier
in Namibia.
d. XYZ Inc decides to cancel their contract with an international supplier
of car parts and awards the contract to a South African manufacturer.
Question 10
Correct
Mark 1.00 out of 1.00
When a monopolistic supplier does not want to form a close relationship with a
supplier, it is referred to as:
a. resistance to change
b. limited interest by suppliers
c. untrustworthiness
d. a legal barrier
Question 11
Incorrect
Mark 0.00 out of 1.00
In the downstream portion of a supply chain, ____ managers are responsible for
the actual movement of materials between locations.
a. operations
b. logistics
c. purchasing
d. accounts
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=16888684&cmid=845072 4/8
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tatendamuzavazi. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.97. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now