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QUESTION NO: 1
Using Ebay and local recycling facilities to dispose of excess inventory would be described as using?
A. Asset recovery channel method of excess inventory disposal.
B. Investment recovery channel method of excess inventory disposal.
C. Recycling channel method of excess inventory disposal.
D. Surplus channel method of excess inventory disposal.
Answer: B
Explanation: Using Ebay and local recycling facilities to dispose of excess inventory would be described as using investment recovery channels. The remaining choices are incorrect and fabricated responses:
Asset recovery channels, Recycling channels, and Surplus channels method of excess inventory disposal.
QUESTION NO: 2
Supply management goals and organizational goals do not exactly match. When proposing to organizational management a supply management change or initiative the MOST important issue is?
A. The show that the proposal is innovative.
B. To show that a SWOT analysis has been performed on the proposal.
C. To show how the proposal will support the achievement of organizational goals and objectives.
D. To show that the proposal is of least cost.
Answer: C
Explanation: Supply management goals and organizational goals do not exactly match. When proposing to organizational management a supply management change or initiative the MOST important issue is to show how the proposal will support the achievement of organizational goals and objectives. The remaining answers are incorrect: To show that the proposal is of least cost. The show that the proposal is innovative. And, to show that a SWOT analysis has been performed on the proposal.
QUESTION NO: 3
An important consideration in records storage is?
A. Microfiche applications for storage of supply management documents and records.
B. CD-ROM applications for storage of supply management documents and records.
C. Pdf applications for storage of supply management documents and records.
D. Cost of storing supply management documents and records.
Answer: D
Explanation: An important consideration in records storage is cost. Not the mediums of Microfiche,
Pdf, or CD-ROM.
QUESTION NO: 4
The purpose of an escort for an external auditor is to?
A. Ensure the auditor does not take proprietary information or techniques.
B. Point the auditor in the right direction if the auditor asks a question such as "I would like to speak with the loading dock manager".
C. Prevent the appearance of theft.
D. Steer the auditor away from bad findings.
Answer: B
Explanation: The purpose of an escort for an external auditor is to point the auditor in the right direction if the auditor asks a question such as "I would like to speak with the loading dock manager".
The remaining responses are not correct, steer the auditor away from bad findings, ensure the auditor does not take proprietary information or techniques and prevent the appearance of theft.
QUESTION NO: 5
Supply management reengineering typically focuses on the key activities or processes of?
A. Cycle time, marketplace, direct user leases, and inventories
B. Invoicing, process times, data analysis, and review
C. Ordering cycle, direct user releases, inventory, invoice payment, and in-plant stores
D. Ordering cycle, inventory, six sigma, and in-plant stores
Answer: C
Explanation: Supply management reengineering typically focuses on the key activities or processes of ordering cycle, direct user releases, inventory, invoice payment, and in-plant stores. The remaining responses are all incorrect: 1) Cycle time, marketplace, direct user leases, and inventories 2) Ordering cycle, inventory, six sigma, and in-plant stores 3) Invoicing, process times, data analysis, and review.
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Updated: May 28, 2022