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- In a SUPPLIER and PART relations, when each supplier can supply more than one part, but each part has only one supplier this represents a: O a. One to One relationship. O b. None of the choices are true. O c. Many to Many relationship. O d. One to Many relationship.Which of the following is not a characteristic of thefactor-weighting approach to supplier evalution?a) it applies quantitative scores to qualitative criteriab) the weights typically sum to 100%c) multiple criteria can be considered simultaneouslyd) subjective judgment is often involvede) it applies qualitative assessments to quantitativecriteriaWhich of the following is not a characteristic of thefactor-weighting approach to supplier cvalution?a) it applies qua ntitative scores to qualitative criteriab) the weights typically sum to 100%c) multiple criteria can be conside red simultaneouslyd) subjective j udgment is often involvede) it applies qualitative assessments to quantitative criteria
- Corporations and public bodies often define procurement processes intended to promote fair and open competition for their business while minimizing risk, such as exposure to fraud and collusion. Select one: O 1. True O 2. False O 3. Both A and B O 4. All of the aboveImagine that you are a manager in a commercial printing company, and you have founda good deal on the ink that your company uses most frequently from a supplier inJapan.• Using the materials from this week’s reading as well as the supplementalresources, consider what shipping terms you should insist be in the contract inorder to limit the risk of loss for your company.• Using the attached Memo template, draft an interoffice memo to the owner of thecompany describing at least three shipping terms you would want to be includedin the contract.Purchasing covers a broader scope than procurement and covers both acquisitions from third parties and from in-house providers. Select one: a. False b. True
- Mr. Williams, the leather handbag buyer for an upscale menswear specialty retailer located in San Francisco, decides to review his vendor analysis report before making his forthcoming season’s purchases. The report shows that there are three relatively strong and three relatively weak suppliers among the top six resources in relation to the gross margin each generated. Mr.Williams realizes that some important aspects of his job as a buyer are to negotiate trade discounts, quantity discounts, cash discounts, dating, and transportation charges. Because any and/or all of these factors can increase the essential gross margin figure, he examines copies of past orders to determine the terms of sale on previous purchases. He discovers that some suppliers granted all his requests pertaining to discount and dating elements, certain vendors negotiated these factors only after an initial order was placed, and a considerable number allowed only the absolute minimum discount that prevailed in the…Which of the following is not a reason for a buyer to look for a new supplier rather than place additional business with an existing supplier? A. Current supplier founder is retiring B. New supplier has newer equipment C. Current supplier is farther away D. New supplier has higher throughputFirm A manufactures brake pads, a component of a braking system, and sells them tofirm B, who sells braking systems used in vehicles. Firm A is best described as a:a. Tier 2 supplier. d. distributor.b. Tier 1 supplier. e. retailer.c. manufacturer
- The supplier Kristin uses is located in Ohio. Why might Kristinconsider dealing with a nearby supplier instead of the onein Ohio? What reasons might there be for not switchingsuppliers?Which of the following factors does NOT affect supplier power? A. Supplier concentration B. Undifferentiated products C. Switching costs D. Negotiation skills E. None of the above26. What best describes the pre-contractual activities in procurement administration? a. All activities undertaken before the issuing of the purchase order O b. All activities undertaken before the delivery is made c. All activities undertaken before the award signing of a contract d. All activities undertaken before supplier selection