E-procurement can contribute to all of the following except:

Question 1E-procurement can contribute to all of the following except:

   Reduced costs

 Reduced number of transactions

 Longer lead times

 Fewer errors

 Question 2Deming and Juran are most known for their contributions to managing the supply chain.

   True

 False

 Question 3Competitiveness may be based on:

Low cost

 Innovation

 Quality

 All of the above

 Question 4This supply management structure generally offers decreased costs:

Centralized

 Decentralized

 Question 5The operational importance of supply management includes all of the following except:

Supporting American manufacturing firms

 Providing an uninterrupted flow of materials

 Keeping inventory investment at a minimum

 Finding and developing competent sources

 Question 6Program or project budgets are also known as flexible budgets.

True

 False

 Question 7Spot buying is a good long-term buying strategy.

True

 False

 Question 8The sourcing cycle includes all of the following except:

   Recognition of need

 Continuous improvement

 Search for potential sources

 Administering the contracts

 Question 9A capital budget will most likely not include planned expenditures for:

Buildings

 Machinery

 Equipment

 Travel

 Question 10 A capital budget will most likely not include planned expenditures for:

   Buildings

 Machinery

 Equipment

 Travel