What Are The Two Major Objectives In Industrial Purchasing

What are the two major objectives in industrial purchasing? Select two of the four below that apply the best.

Agility

Ensure Continuity of Supply

Flexibility

Reduce Purchasing Cost 1 punto 2.Pregunta 2 What are the five things that a purchasing agent must accomplish in the purchasing cycle? Select all that apply.

Processing purchase orders

Receiving and monitoring advance shipping notices.

Confirming receipt of goods.

Processing invoices.

Paying suppliers. 1 punto 3.Pregunta 3 Name the 12 things that purchasing must get right.

Tu respuesta no puede tener más de 10 000 caracteres. 1 punto 4.Pregunta 4 A procurement department’s value add is that it _______________________ between the firm and its suppliers.

manages all relationships 5.Pregunta 5 Most organizations view the procurement department as critical to what?

Managing costs 1 punto 6.Pregunta 6 Procurement affects the sustainability of the firm, by focusing on several areas (select all that apply):

Social Concerns

Environmental Concerns

Economic Concerns 1 punto 7.Pregunta 7 What steps are required to establish a Supply Management Initiative? Select all that apply.

Classify all purchased goods and services

Analyze the supply market

Determine strategic supply position

Develop materials, strategies & action plans 1 punto 8.Pregunta 8 What characterizes Strategic Suppliers? Select all that apply.

Focus on a win-win (rather than continuous cost cutting).

Long-term relationships - true partnerships.

Integration as a means of risk mitigation

Using innovation to drive additional sales 1 punto 9.Pregunta 9 What characterizes Bottleneck suppliers? Select all that apply.

Cost cutting through aggressive negotiation.

Set up tight control mechanisms of vendors.

Risk diversification through multiple suppliers.

Supply assurance is critical. 1 punto 10.Pregunta 10 What characterizes Leverage suppliers? Select all that apply.

Using innovation to drive additional sales.

Aggressive negotiations.

Risk diversification.

Use purchasing power to obtain concession. 1 punto 11.Pregunta 11 How would you characterize Routine suppliers? Select all that apply.

Set up tight control mechanisms of vendors.

Aggressive negotiations.

Simplify the process.

Reduce complexity. 1 punto 12.Pregunta 12 What is the definition of co-creation of value?

Having multiple entities join to develop a product.

Outsourcing work to the customer.

The mutual and collaborative creation of a product that delivers value beyond the actual item.

1 punto 13.Pregunta 13 How do you create a win-win situation with a strategic supplier? Select all that apply.

Take on each other’s interest

Refocus what is important to each side.

Assume that there is no end to the relationship. 1 punto