Topic 8 Knc 2-5
Please let me know correct answer and explain it !
SUPPLY
MANAGEMENT : PROCUREMENT & SUPPLY MANAGEMENT ( Supplier Evaluation and Selection )
2.When draft day arrives, which of the following are appropriate ways to define the deal and get a contract signed?
a. Reverse auctions
b. Negotiation
c. Competitive bidding
d. Buying consortiums
e. All of the above
f. Only A, B, & C
3.A scorecard should measure . . .?
a. Performance on potential orders
b. Trends over time
c. The same metrics you used to select the supplier
d. How nice the supplier is
e. All of the above
f. B and C only
4.Which of the following is a valuable source of supplier information?
a. Current suppliers
b. Personal contacts
c. Directories
d. Trade shows
e. All of the above are sources of supplier information
5.Single sourcing is a strategy used by some organizations. Which of the following is not a benefit of single sourcing?
a. Volume consolidation
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