Reference no: EM132283621

1. Which of the following explains ‘Purchasing Performance’?

a. The extent to which the purchasing function is able to sacrifice of a minimum of the company's resources, i.e. costs.

b. The extent to which the purchasing function is able to realize its predetermined goals.

c. The extent to which the purchasing function is able to realize its costs.

d. The extent to which the purchasing function is able to realize its predetermined goals at the sacrifice of a minimum of the company's resources, i.e. costs.

2. Which of the following explains ‘Global Sourcing’?

a. Proactively integrating and co-ordinating common items and materials across worldwide purchasing and operating locations.

b. Proactively integrating and co-ordinating common items and materials, processes, designs, technologies and suppliers across worldwide purchasing and operating locations.

c. Proactively integrating and co-ordinating common items and designs, technologies and suppliers across worldwide purchasing and operating locations.

d. Proactively integrating and co-ordinating common items and processes across worldwide purchasing and operating locations.

3. Which of the following explains ‘Product Audit’?

a. This provides an image of the degree to which a company succeeds.

b. This provides an image of the degree to which a company succeeds in making everything runs perfectly according to the standards established by the company itself.

c. This provides an image of the degree to which a company succeeds in making everything runs perfectly according to the standards and requirements established by the company itself.

d. This provides an image of the degree to which a company succeeds in making everything runs perfectly.

4. Which of the following best explains ‘Residential engineering’?

a. A situation where engineers from the supplier live on the premises of the buyer organization.

b. A situation where engineers from the supplier are co-located at the buyer’s organization to work on design or manufacturing problems.

c. A situation where accountants from the supplier are co-located at the buyer’s organization to work on pricing problems.

d. A situation where engineers from a consultancy are co-located at the buyer’s organization to work on design or manufacturing problems.