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BUAD 331 Modules 7, 9 Exam Questions and Answers
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BUAD 331 Modules 7, 9 Exam Questions and Answers
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BUAD 331 Modules 7, 9 ExamQuestions and Answers
False - -Sourcing is the inputs (or things we buy), including materials, sub-
assembled components, equipment, and services, that are required to create
value. (T/F)
-Customers - -Which of the following is NOT an area in which successful
supply managers need expertise?
Technologies
Customers
Suppliers
Processes
Resources
-True - -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. (T/F)
-The RIGHT supplier - -Which of the following is the most important right of
purchasing?
Delivery to the RIGHT place
The RIGHT price
The RIGHT supplier
The RIGHT time
The RIGHT material
-All of the above - -One of the most challenging aspects of purchasing is to
ensure an uninterrupted flow of supply. Which of the following might
"interrupt" that flow?
Natural disasters
Supplier quality issues
Logistics interruptions
Financial issues
All of the above
-False - -A dollar saved in material costs goes directly to an increase in
revenue for the organization. (T/F)
-True - -Purchasing has become a strategic contributor to organizational
value by contributing to both the top and bottom line of the business. (T/F)
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