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Question 20/132
HIJ, Inc. is planning to purchase a generic, well specified item offered by many suppliers. This will be HIJ's first time purchasing an item of this type. The market is highly competitive, and HIJ has identified many pre-qualified suppliers. HIJ needs a standard weekly delivery of two full truckloads of the item to meet a fixed production schedule. In this situation, which of the following is likely to yield the BEST value for HIJ?
Correct Answer: C
- Question List (132q)
- Question 1: Planning and negotiating a contract while considering its im...
- Question 2: A firm buys a particular product that has low business impac...
- Question 3: One of TUV Company's largest suppliers has been performing p...
- Question 4: A US-based manufacturing firm receives a quoted price for an...
- Question 5: A supply manager Is conducting negotiations with a supplier....
- Question 6: Which component of the COSO framework, as required by the Sa...
- Question 7: IJK, Inc. is currently under contract with Supplier X to pro...
- Question 8: A firm currently pays $14 per unit for a part used in manufa...
- Question 9: CBA Incorporated is an up-and-coming automobile manufacturer...
- Question 10: A manufacturing company has numerous sites around the countr...
- Question 11: During negotiations with a supply manager from FGH Inc., a s...
- Question 12: Which of the following is a key element in the development o...
- Question 13: EFG, Inc. is conducting a sourcing activity to identify a pr...
- Question 14: A supply manager for JKL, Inc. finds a potential new supplie...
- Question 15: A plumbing supplies company asks its supply manager to devel...
- Question 16: A company that wants to add value to its operations should w...
- Question 17: Which of the following is the GREATEST benefit of inviting s...
- Question 18: A manufacturing company purchases a certain component in qua...
- Question 19: Which of the following is the BEST course of action to take ...
- Question 20: HIJ, Inc. is planning to purchase a generic, well specified ...
- Question 21: A supply manager Is leading a project to implement a change ...
- Question 22: A firm purchases large quantities of parts from an overseas ...
- Question 23: A supplier of software critical to PQR Inc.'s scheduling sys...
- Question 24: A supply manager needs to develop additional raw material su...
- Question 25: A manufacturing company experiences an increase in returns d...
- Question 26: A legal protection that covers an invention, the discovery o...
- Question 27: The ability to explain how and why decisions are made in sup...
- Question 28: RST Bus Corporation contracts with Supplier X to buy 5,000 g...
- Question 29: DEF Company receives several proposals for the manufacture o...
- Question 30: An operations manager wants to replace the existing fleet of...
- Question 31: DEF, Inc. is a medium-sized manufacturer in the precious met...
- Question 32: XYZ, Inc. is negotiating with Supplier DEF for materials nee...
- Question 33: A manufacturing firm has a product that has been experiencin...
- Question 34: Due to growth, a private school system finds that its costs ...
- Question 35: According to the Sarbanes-Oxley Act, to whom must an audit c...
- Question 36: A buying organization requires suppliers to maintain an on-t...
- Question 37: A company has a large upcoming project. While the company ha...
- Question 38: A manufacturing firm creates a steering committee to review ...
- Question 39: A luxury scarf manufacturer located in Europe selects a fine...
- Question 40: Which of the following is the MOST important factor in the d...
- Question 41: A foundation maintains ongoing relationships with agents in ...
- Question 42: DEF, Inc. is a multinational oil company expanding into a ne...
- Question 43: A firm wants to reduce the supply base for a particular prod...
- Question 44: A firm has repeatedly experienced communication problems wit...
- Question 45: Rebates are considered part of which of the following types ...
- Question 46: A company that makes specialized equipment for a very compet...
- Question 47: MNO, Inc. is a manufacturing operation that has recently exp...
- Question 48: Motivated by public relations considerations, a company deci...
- Question 49: The chief procurement officer (CPO) for a large hospital sys...
- Question 50: MNO, Inc. purchases benchmarking data services from Supplier...
- Question 51: A supplier's willingness to deal with rejected materials, fi...
- Question 52: A manufacturing company with plants and suppliers in numerou...
- Question 53: PQR, Inc. is a globally certified manufacturer and repair sh...
- Question 54: The price of raw materials for a critical product is highly ...
- Question 55: It takes an employee 30 minutes to produce the first unit of...
- Question 56: A company buys 200 metric tons of ethylene per month. The fi...
- Question 57: The chief executive officer (CEO) of a candy company directs...
- Question 58: A U.S. firm receives several blds for a piece of specialized...
- Question 59: A firm enters into a contract with a minority business. The ...
- Question 60: The procurement team for a construction firm is tasked with ...
- Question 61: Which of the following is the PRIMARY benefit of supply base...
- Question 62: CDE, Inc. contracts with a supplier for the fabrication of t...
- Question 63: A sourcing manager is negotiating a contract with a human re...
- Question 64: A supply manager concludes that the best source for a critic...
- Question 65: A supply manager is planning a major sourcing event and want...
- Question 66: A service provider has experienced diminished value and stag...
- Question 67: After a bid process concludes and an award is made, there sh...
- Question 68: A supply manager Is leading a team in developing a strategic...
- Question 69: The types of suppliers MOST suited for regular business revi...
- Question 70: A multinational company is in the market to purchase widgets...
- Question 71: XYZ, Inc. currently has a transactional relationship with su...
- Question 72: For many years, BCD Inc. has purchased electronic assemblies...
- Question 73: A company recognizes a need for new and improved product off...
- Question 74: Which of the following is the FIRST step in the category man...
- Question 75: A supply manager identifies an overseas source for parts use...
- Question 76: A supply manager Is seeking potential suppliers to recreate ...
- Question 77: When developing a supplier exit strategy, which of the follo...
- Question 78: A supply manager receives negative feedback from internal st...
- Question 79: Questions pertaining to standardizing products, reducing the...
- Question 80: A chief executive officer (CEO) asks a supply manager to pre...
- Question 81: A supply manager negotiates an agreement with a salesperson ...
- Question 82: Separating processes such as ordering, receiving, and paymen...
- Question 83: For several years, an environmental services company has con...
- Question 84: Which of the following is MOST appropriate for review by an ...
- Question 85: A supply manager Is evaluating bids for a new delivery van. ...
- Question 86: TUV Inc., a small manufacturing firm, hopes to rebuild its c...
- Question 87: When developing a category management plan, which of the fol...
- Question 88: A supplier's willingness to deal with rejected materials, fi...
- Question 89: A commodity manager at company headquarters is given respons...
- Question 90: A manufacturer develops a new product that will be more effi...
- Question 91: A supply manager Is conducting financial analyses of bidders...
- Question 92: CDE Inc. is a metal casting manufacturer that uses a supplie...
- Question 93: A chief procurement officer (CPO) is asked by the company co...
- Question 94: According to the Law of Agency, a supply manager acting as a...
- Question 95: A supply manager for DEF Inc. meets with the firm's operatio...
- Question 96: Which of the following BEST describes a cash flow budget?...
- Question 97: A supply manager is planning to conduct negotiations with th...
- Question 98: BCD Inc. is in the early stages of selecting a new procure t...
- Question 99: A procurement specialist reviews a report from a financial a...
- Question 100: MNO, Inc. has been one of XYZ Company's most valuable custom...
- Question 101: As interest rates rise, what will MOST likely be the effect ...
- Question 102: A sourcing manager is evaluating the following bids: Quality...
- Question 103: PQR, Inc. is a large international life insurance company. P...
- Question 104: Developing a category management plan can BEST be accomplish...
- Question 105: DEF, Inc. conducts a Request for Information (RFI) to identi...
- Question 106: EFG uses specialized components from Supplier A in the manuf...
- Question 107: Which of the following Is the BEST way to address a supplier...
- Question 108: An organization is preparing its budget for the next fiscal ...
- Question 109: Of the following, the BEST way for supply management to effe...
- Question 110: A company purchases a high-value product In an industry know...
- Question 111: With which group of suppliers is It MOST important to conduc...
- Question 112: A corporation acquires a startup company, with the objective...
- Question 113: A rapidly-growing food service company Is creating a service...
- Question 114: UVW, Inc. issues a Request for Quotation (RFQ) for urgently-...
- Question 115: A supply management team reviews all documents dealing with ...
- Question 116: A supply management department for a manufacturing organizat...
- Question 117: A firm's supply manager is asked by the engineering departme...
- Question 118: Which of the following is the MOST important reason for supp...
- Question 119: To weigh the benefits and risks of outsourcing a function, a...
- Question 120: A firm issues an RFQ for specialty electronics to be used wi...
- Question 121: A supply manager conducts a two-step bidding process for pro...
- Question 122: Which of the following is the simplest form of supplier eval...
- Question 123: Which of the following is a factor to be considered in a Tot...
- Question 124: A company's internal ordering system for indirect spend gene...
- Question 125: A company buys electronic connectors in lot sizes of 5000 un...
- Question 126: A supply manager is developing a request for proposal (RFP) ...
- Question 127: During its first annual business review, a supplier requests...
- Question 128: A team from RST, Inc. is conducting a negotiation session wi...
- Question 129: Which of the following is the BEST long-term strategy for cr...
- Question 130: A manufacturing plant employs an enterprise resource plannin...
- Question 131: After working for several years at ABC, Inc.-a large manufac...
- Question 132: A company's major supplier of sub-assemblies provides excell...
