Q1. Define outsourcing? Provide one method of outsourcing.

Q2. How many steps are there in the purchasing cycle? Have you performed any of these actions in your employment?

Q3. Explain what a request for a quote means and it utilized in the cost items?

Q4. When you issue a purchase order what takes place with the supplier?

Q5. When selecting suppliers who are the responsible department? Why?

Q6. Explain the importance of receiving and accepting goods?

Q7. What is value analysis?

Q8. When is supply chain collaboration instrumental? What is reduced?

Q9. What are the three sourcing types?

Q10. Why are engineering drawings so important? Think of production, transporting, supply chain, etc.