Question

1-The single most important cost savings available from centralization come from ________.

a. Spend aggregation b. Decentralization c. Focused target markets d. Standardization e. All of the above

2-To enhance the supply function’s influence on key decisions, you need to know how your internal customers perceive purchasing’s performance. The best way to determine perceptions is to

a. Review past purchases b. Ask them c. Validate costs d. Compare with similar market

3-To help your firm compete, you must organize supply management to leverage _______ without losing _______.

a. Profits, capital b. Resources, agility c. Resources, flexibility d. Capital, profits e. Relationships, trust

4-For specific activities and processes you should evaluate these two dimensions ________ and ________.

a. Purchasing’s services, purchasing’s people b. Purchasing’s time, purchasing’s services c. Purchasing’s revenue, purchasing’s costs d. Purchasing’s people, purchasing’s metrics e. None of the above

5-What does it mean for a process to have diminishing returns?

a. There is a limit to learning b. There is no limit to learning c. Most of your learning takes place in your later efforts d. The longer you work, the more tired you become and the task becomes easier

6-What is ROA if profit margin is 4% and asset turnover is 2.5?

a. 3.0% b. 4.5% c. 6.5% d. 10.0% e. 12.0%

Answer 1

1. The correct option is a. Spend aggregation

2. The correct option is b. Ask them

3. The correct option is b. Resources, agility

4. The correct option is a. Purchasing's services, purchasing's people

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