Free Exam: Rutgers GLSCM Project 2.6
Number of Questions in Test: 16
Number of Questions in Preview: 5
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In a Spend Analysis, purchases that involve items representing a low percentage of the firm’s total spending and having very little supply risk are categorized as Leverage Purchases.
| Type: | True/False |
| Points: | 1 |
Question 2
Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, which often includes the business process of analyzing the total-spend by material category.
| Type: | True/False |
| Points: | 1 |
Question 3
What is the Sourcing Strategy that involves commodity items where many alternatives of supply exist, supply risk is low, spend is high, and there are potential procurement savings?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 4
A proposal or quotation from a supplier, submitted in response to a solicitation (i.e., a request) from a potential buyer, is known as what?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 5
Which one of the following is NOT one of the basic steps for conducting a Spend Analysis?
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |