100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Jean Inman Domain 4- Procurement, Purchasing, Distribution & Service - Questions with Explanations £7.16   Add to cart
Quickly navigate to
Preview
  2.  
  3. Jean Inman Domain
  4.  
  5. Jean Inman Domain
  6.  
  7. Jean Inman Domain

Exam (elaborations)

Jean Inman Domain 4- Procurement, Purchasing, Distribution & Service - Questions with Explanations
 5 views  0 purchase

Jean Inman Domain 4- Procurement, Purchasing, Distribution & Service - Questions with Explanations

Preview 2 out of 11  pages

Document information

  • June 16, 2024
  • 11
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • jean inman domain 4 procurement purchasing dist

Written for

All documents for this subject (153)

Seller

avatar-seller
stuviaexam

Content preview

Jean Inman Domain 4- Procurement,
Purchasing, Distribution & Service

procurement - CORRECT ANSWER-first functional subsystem, acquiring material for
production

profit center - CORRECT ANSWER-assigned both expense and revenue
responsibilities (cafeteria)

cost center - CORRECT ANSWER-manage expenses, but do not generate revenue
(patient)

can-cutting - CORRECT ANSWER-request samples from vendors, open cans and
compare qualities (texture, aroma, taste)

open market method of buying - CORRECT ANSWER-(informal) when small amount
is needed ASAP
-contact by phone

formal, competitive bid buying - CORRECT ANSWER--submit written specifications
and quantity needs to vendors who then submit a price
-bid are opened together; place order with lowest bid

future contracts - CORRECT ANSWER-purchase goods at a specific price to be
shipped later

prime vending - CORRECT ANSWER-use single vendor for majority of purchases

centralized purchasing - CORRECT ANSWER-personal in one office does all
purchasing for all units in that organization
-cost effective and time saving

group or co-op purchasing - CORRECT ANSWER-involves union separate units
(hospitals), not related to a single management, for joint purchasing
-economic advantage of large volume purchasing

JIT purchasing - CORRECT ANSWER-Purchasing items as needed or Just In Time

what to do not do in JIT purchasing - CORRECT ANSWER-store and record it in
inventory

, purchase requisition - CORRECT ANSWER-first document used in the purchasing
process, internal form used to request items from the purchasing manager

purchase order - CORRECT ANSWER-completed by the buyer, written records of
items ordered and quantities needed

written specifications - CORRECT ANSWER-accurate word picture or definition of a
product

Technical written specifications - CORRECT ANSWER-indicate quality by
OBJECTIVE and impartial test results (graded food items)

approved brand specifications - CORRECT ANSWER-indicate quality by specifying
a brand name or label

performance specifications - CORRECT ANSWER-indicate quality by functioning
characteristics of the product (pH level of detergents)

formularies - CORRECT ANSWER-Descriptions of approved products that an
organization (or a department) would like all personnel (who need such a product) to
use.
*Volume discounts can be obtained!

vendor performance requirements - CORRECT ANSWER-(a) Consider past
experiences with them, reliability, willingness to handle emergencies, their financial
condition
(b) Compare price, quality, service
(c) Evaluate after several orders have been filled

buyer's code of ethics - CORRECT ANSWER-can serve as legal agent for the
organization

food broker - CORRECT ANSWER-does not own products, connects buyers with
sellers

EOQ (Economic Order Quantity) - CORRECT ANSWER-a quantitative approach to
ordering staple or regularly stocked items

When is EOQ obtained? - CORRECT ANSWER-when cost of placing an order aligns
with the cost of holding the items

time series - CORRECT ANSWER-short term forecasts

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 stuviaexam. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £7.16. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79751 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

EPA 608 Core Test | 340 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 80 Pages
£7.16
  • (0)
  Add to cart