Question
One of the key objectives of Supply Chain Management is to ensure that a. Operations are optimized to ensure streamlined procurement b. Operations are optimized
One of the key objectives of Supply Chain Management is to ensure that
a. | Operations are optimized to ensure streamlined procurement | |
b. | Operations are optimized to ensure streamlined purchasing | |
c. | Operations are optimized for speed and efficiency | |
d. | Operations are optimized to ensure streamlined contracting |
Risk management is an inherent part of procurement. Therefore, as part of procurement, when analyzing risks, it can be categorically emphasized that
a. | Contractors must be able to manage all possible risks associated with procurements | |
b. | It is the responsibility of the buying organization to respond to risks in the procurement process | |
c. | It is neither the responsibility of the buying organization or the contractor to respond to risks in the procurement process | |
d. | Contractors are not capable of managing all possible risks associated with procurements |
SMART Electronics is planning to order 250 laptops to meet the demand of the upcoming back to school season. The laptops will be ordered from partners associated with Dell, HP, Acer and Lenovo. 5 models of 50 laptops each per model will be ordered. This order will be processed as part of the organizations procurement process and based on the particular model's specification. This is an example of
a. | Sourcing only | |
b. | Procurement | |
c. | Category management only | |
d. | Sourcing and category management |
You are the project manager of a construction project. You are inviting requests for proposal from eligible vendors. While going over the list of vendors, you realize that one of the names in the list is a good friend of yours. You know he is excellent at what he does and will be the perfect match for your project. What should you do next
a. | Award him the contract since you know he is a perfect match for your project | |
b. | Disassociate from the bidding process and inform your manager | |
c. | Give him some inputs off-the-record on how your organization awards contracts | |
d. | Do not contact your friend and continue with the procurement process |
McDonalds has decided to automate and renovate 200 of their outlets across Ontario, with a budget of approximately CAD 100 million. For this project, they will be seeking designs and / or products and / or services from qualified suppliers and vendors who may visit a sample of the restaurants to ascertain the appropriate solution to provide. As part of this project, they have decided to divide their procurement into the following lots and invite all possible suppliers and vendors. A vendor / supplier may participate in any number of Lots based on the procurement criteria and their experience:
- Lot-1. Interior works and decoration.
- Lot-2. Furniture and fixtures.
- Lot-3. Computer Hardware.
- Lot-4. Network Infrastructure.
- Lot-5. Application Software
But one of the executives working in the procurement department has suggested that it is better to
a. | Publish an RFI to short list the vendors / suppliers and then going directly into technical and financial negotiations, following it with a Contract, thereby to prevent wasting time on a cumbersome and time-consuming procurement process | |
b. | Publish an RFI to short list the vendors / suppliers and then follow it with an RFP to those shortlisted vendors / suppliers | |
c. | Publish an RFI to short list the vendors / suppliers and then going directly into technical and financial negotiations, following it with a Purchase Order, thereby to prevent wasting time on a cumbersome and time-consuming procurement process | |
d. | Publish an RFI to short list the vendors / suppliers and then follow it with an RFQ to those shortlisted vendors / suppliers |
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