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Procurement in SCM Quiz

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Procurement in SCM Quiz

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Procurement basics in 50 chars or less

Created by

Omar Muassess
Omar Muassess
United Arab Emirates

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Procurement in SCM Quiz
 

Procurement in SCM QuizOnline version

Procurement basics in 50 chars or less

by Omar Muassess
1

What is the primary goal of procurement in the supply chain?

2

Which term best describes acquiring goods from external suppliers?

3

Which activity is a core procurement process?

4

What is an RFQ?

5

Which metric measures supplier performance over time?

6

What is a key risk in procurement?

7

Which strategy helps reduce total cost of ownership?

8

What term describes buying from multiple suppliers?

9

Which contract type is commonly used for supply agreements?

10

Which factor is essential in supplier selection besides price?

Feedback

Procurement seeks value—balancing cost, quality, and availability.

Sourcing is part of procurement, but procurement covers the broader process.

Supplier selection evaluates capabilities and reliability.

RFQ invites suppliers to quote prices for goods/services.

A supplier scorecard tracks reliability, quality, and delivery.

Disruptions can halt supply; mitigation is essential.

TCO analyzes all costs, not just price.

Diversified sourcing reduces risk and supply disruption.

Frameworks set terms for multiple future purchases.

Quality, delivery reliability, and capability matter most.

 
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