SCM_101_Module_Assignment_#3
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Ohio State University *
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Course
101
Subject
Industrial Engineering
Date
Feb 20, 2024
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docx
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SCM 101 – Module Assignment #3
Name______ Ashley Honore ______
*Multiple choice questions worth 2 points
each *Short answer questions each show points value
1.
Procurement is defined as ____________________.
a)
A process that involves the acquisition of goods, equipment, or services
b)
A process that involves the management of planning and manufacturing operations
c)
A process that involves the management of logistics functions
d)
A process that involves the acquisition of goods only
2.
The main forms of organizations that are involved in procuring goods and services include ____________________.
a)
Large Corporations
b)
Government
c)
Small and Medium Sized Businesses
d)
Only a) and c) above
e)
All of the above
3.
Procurement supports the day-to-day operational requirements of a firm. It does this through ____________________.
a)
Developing hiring plans
b)
Acquiring raw materials, components, sub-assemblies, finished goods, maintenance and repair items, and services
c)
Postponing supplier payments
d)
Paying invoices early
4.
The correct order of stages in the procurement/supply process is ____________________.
a)
Identifying the need, searching for potential suppliers, describing
the products and/or services needed, evaluating and selecting suppliers, and ordering and evaluating performance
b)
Identifying the need, describing the products and/or services needed, searching for potential suppliers, evaluating and selecting suppliers, and ordering and evaluating performance
c)
Identifying the need, describing the products and/or services
needed, searching for potential suppliers, evaluating performance, evaluating and selecting suppliers, and ordering
d)
Describing the products and/or services needed, identifying the need, searching for potential suppliers, evaluating and selecting suppliers, and ordering and evaluating performance
5.
Once users’ needs have been identified, it then becomes necessary to ____________________.
a)
Describe the needed products or services
b)
Evaluate suppliers
c)
Issue POs
d)
Identify qualified suppliers
6.
In general, the final stage in the supply process is ____________________.
a)
Place orders
b)
Identify sources of supply
c)
Evaluate how suppliers performed/manage supplier relationships
d)
Receive goods or services
7.
One of the most important linkages in a firm is between procurement and engineering; they typically work together on projects to ____________________.
a)
Provide information about procured inbound items to update accounting systems
b)
Evaluate marketing programs
c)
Identify the most technically capable suppliers for products or services
d)
Hire manufacturing employees
8.
The procurement function is responsible for meeting the needs
of its internal and external customers by buying products and services ____________________.
a)
From any source of supply
b)
From the most expensive sources of supply
c)
From overseas suppliers
d)
From the best sources of supply for the determined need
9.
Using a large number of suppliers for materials or services is beneficial because ____________________.
a)
It helps to ensure that costs are low
b)
It reduces transportation costs
c)
It helps provide 24-hour service if needed
d)
This is not necessarily a true statement
10.
The Procurement function can impact the revenue, profit and
cash flow of an organization (T or F)
True
False
SHORT ANSWER QUESTIONS:
1)
CHOOSE AND DESCRIBE THREE OF THE KEY RESPONSIBILITIES OF THE PURCHASING/PROCUREMENT FUNCTION (11 POINTS):
a.
___ Obtaining goods and services of the required quantity and quality ____
b.
__ Obtaining goods and services at the lowest total cost __
c.
__ Ensuring the best possible service and prompt delivery by the supplier __
2)
WHAT ARE FIVE KEY GUIDELINES WHEN CONDUCTING NEGOTIATIONS WITH SUPPLIERS (11 POINTS):
a.
_____ Solidifying the team ____
b.
_____ Agreeing on goals of the session ____
c.
_____ Evaluating options ____
d.
_____ Developing and scripting messages to suppliers ____
e.
_____ Planning supplier scheduling ____
3)
WHAT ARE SOME OF THE TYPES OF RELATIONSHIPS THAT ARE IMPORTANT FOR THOSE IN PROCUREMENT TO DEVELOP (WITH WHAT GROUPS/FUNCTIONS) AND WHY? (11 POINTS):
Developing and selecting suppliers, requesting quotes, determining right price, issuing Pos, follow up and delivery, receiving and accepting goods, and approving invoices. All are important for maintaining goods and services for the company.
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4)
WHAT IS THE ROLE OF THE CHIEF PROCUREMENT OFFICER WITHIN AN ORGANIZATION AND WHAT SHOULD HE/SHE BE FOCUSED ON? (11 POINTS):
The chief procurement officer is responsible for the flow of materials into the company, selecting and following up with the suppliers, and expediting delivery.
5)
IN SELECTING A NEW SUPPLIER, WHAT ARE 5 IMPORTANT CRITERIA THAT YOU WOULD EVALUATE (11 POINTS):
a.
_____ Technical ability ____
b.
_____ Manufacturing capacity ____
c.
_____ Reliability ____
d.
_____ After-sales service ____
e.
_____ Lean capabilities ____