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This deals with how a company contributes to a better world, a better environment and better environment and better labour conditions is known as
A special type of private hub in which two or more firms join together to create an e-hub for a specific industry is known as
Products that can be obtained from various suppliers at standard quality grades are leverage products
The price paid for an item plus all other costs associated with the purchase is know as
When purchasing is evaluated by management based on purchasing’s operational parameters such as order backlog, purchasing administrative leadtime, number of order issued number of RFQs issued, adherence to existing procedures, among other things is
The use of electronic mechanisms to conduct business transactions is called
Supplier information is never included on the PO.
If the purchasing function is located at the corporate location of the company instead of the individual plant locations is an example of
The key factors of establishing formulas are to make sure
When management is aware of the savings potential that may be presented by purchasing using parameters such as the total savings reported by purchasing variance reports, and inflation reports is known as
One (some) of the barrier(s) to EDI include
The collaboration process of new product development consists of
This is used to indicate the point in the delivery of merchandise at which ownership of the goods transfers from the supplier to the buyer
A _______ is used when the purchaser commits to purchase some fixed portion from one supplier.
When purchasing is activity involved in deciding on future business strategy and how to strengthen the company’s conpetitive position is known as
The POM process should include measurement categories such as
The focus of this stratebgy is to continually work at reducing the cost/price of the end product. The strategy is known as
A push-driven philosophy is primarily forecast driven and pull-driven philosphy depends on demand.
A type of contract is
Why should purchasing performance be evaluated regularly?
Good faith is the honest application of earnest effort, and it is the foundation of
A one-bin Kanban system is an example of JIT replenishment variation.
Statue of frauds requires that the following type(s) of contract(s) be in writing to be enforceable
A major obstacle during process redesign is the
____ _____ is the extent to which a previously established goal or standard is being met by purchasing
A party who normally engages in the business of buying and selling is known as a
Effective purchase order management is key to staying competitive and gaining critical core competency in business environment.
The type(s) of capital expenditures is (are)
Hidden cost of purchasing internationally include
Some of the information included on an advanced shipping notice include total packages, part number and tracking number.
The relationship between planned and actual sacrifices made in order to realize a goal previously agreed upon is
The deliberate exchance of something of value for a favor rendered is known as
A method for ordering items that a supplier will deliver over a period of time is
Purchasing Management Expert certification can be acquired through which professional certification/training organization
The categories of gifts that a supplier can give to a buyer are trivia or token, midrange, and big-ticket items.
The extent to which the purchasing function is able to realize its predetermined goals at the sacrifice of a minimum of the company’s resources is
The first step in analyzing the role of purchasing is to
The process that determines the net requirements for purchase proposals of raw material and other items by calculating the difference between total material requirements and the quantities of material on hand is known as
The strategy that aims at marketing products which are perceived by the customer as being unique is the _____ strategy.
The key area(s) to measure and evaluate the performance of purchasing is (are)