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Flashcards	16
Language	English
Category	Finance
Level	University
Created / Updated	10.06.2024 / 07.01.2025
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Which statements regarding the procurement of direct goods, are classified as true?

Procurement controlled by a merchandise management/ERP system and can achieve high efficiency, a subject of SCM

Supplier selection can be carried out via tenders and auctions (e-sourcing and e-auction systems).

Order processing can be supported by automated electronic data interchange (EDI).

Direct Goods are procured as required via manual and expensive procurement processes (supplier selection, approval, invoice control).

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Procurement controlled by a merchandise management/ERP system and can achieve high efficiency, a subject of SCM

Supplier selection can be carried out via tenders and auctions (e-sourcing and e-auction systems).

Order processing can be supported by automated electronic data interchange (EDI).

Direct Goods are procured as required via manual and expensive procurement processes (supplier selection, approval, invoice control).

Which statements regarding Procurement Portfolios, classified as true?

Strategic Suppliers possess special know-how and are, as a rule, market leaders.

Leverage Suppliers are characterized by mass products and a high number of competitors.

The number of routine (non-critical) suppliers should be increased, if possible.

Bottleneck Suppliers have a low impact on the financial results and a high supply risk.

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Strategic Suppliers possess special know-how and are, as a rule, market leaders.

Leverage Suppliers are characterized by mass products and a high number of competitors.

The number of routine (non-critical) suppliers should be increased, if possible.

Bottleneck Suppliers have a low impact on the financial results and a high supply risk.

statements regarding Procurement Management, classified as true?

Procurement management in companies is also simply called "purchasing."

Operational procurement management aims to increase purchasing efficiency.

Operational procurement management is primarily long-term oriented.

Strategic procurement management aims to increase purchasing effectiveness.

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Procurement management in companies is also simply called "purchasing."

Operational procurement management aims to increase purchasing efficiency.

Operational procurement management is primarily long-term oriented.

Strategic procurement management aims to increase purchasing effectiveness.

Which statements regarding the SCOR Model, are classified as true?

The SCOR model describes four levels: "Top-level," "Organization-level," "Process-Element-level" and "technology level."

The SCOR model describes four levels: "Top-level," "Configuration-level," "Process-Element-level" and "Implementation level."

The SCOR Model was created with the aim to standardize the processes within a supply chain.

At its core, the SCOR model is an ideal and industry-specific approach, in which the processes within a supply chain are described in a uniform manner by the partners.

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The SCOR model describes four levels: "Top-level," "Organization-level," "Process-Element-level" and "technology level."

The SCOR model describes four levels: "Top-level," "Configuration-level," "Process-Element-level" and "Implementation level."

The SCOR Model was created with the aim to standardize the processes within a supply chain.

At its core, the SCOR model is an ideal and industry-specific approach, in which the processes within a supply chain are described in a uniform manner by the partners.

What statements regarding Supplier Management Processes, are classified as true?

The Supplier evaluation is often carried out with a utility value analysis.

Pooling (supplier delimitation or short-listing) refers to primary and secondary sources.

The intensification of supplier relationships has the goal to operate a genuine and long-term supplier relationship management.

The supplier management process is divided into three main sections.

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The Supplier evaluation is often carried out with a utility value analysis.

Pooling (supplier delimitation or short-listing) refers to primary and secondary sources.

The intensification of supplier relationships has the goal to operate a genuine and long-term supplier relationship management.

The supplier management process is divided into three main sections.

Which statements regarding Cooperation Strategies, are classified as true?

"First Tier Suppliers" are direct suppliers with a high level of binding intensity.

"Tier 2 Suppliers" have a low binding intensity and are usually directly supply system suppliers.

"Black-Box Suppliers" have a low performance potential; they orient themselves to customer's conditions.

Suppliers can be categorized, according to their performance potential, into "Black-Box Suppliers", "Detailed-Specification Suppliers" and "Catalog Suppliers."

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"First Tier Suppliers" are direct suppliers with a high level of binding intensity.

"Tier 2 Suppliers" have a low binding intensity and are usually directly supply system suppliers.

"Black-Box Suppliers" have a low performance potential; they orient themselves to customer's conditions.

Suppliers can be categorized, according to their performance potential, into "Black-Box Suppliers", "Detailed-Specification Suppliers" and "Catalog Suppliers."

Which statements regarding E-Procurement are true?

From an operational perspective, the use of e-procurement leads to a more centralized procurement process.

If the purchasing software is operated by the procuring company (buyer) this is called a "sell-side" system.

E-procurement systems are generally understood to be catalog systems that are integrated into the ERP systems of companies.

With e-Procurement, companies have a technology that allows all phases of the internal procurement process to be supported by IT, thus allowing the completely electronic handling of transactional processes.

Keyboard commands:

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From an operational perspective, the use of e-procurement leads to a more centralized procurement process.

If the purchasing software is operated by the procuring company (buyer) this is called a "sell-side" system.

E-procurement systems are generally understood to be catalog systems that are integrated into the ERP systems of companies.

With e-Procurement, companies have a technology that allows all phases of the internal procurement process to be supported by IT, thus allowing the completely electronic handling of transactional processes.

Which statements regarding Barcodes and RFID.

RFID is indispensable in procurement management.

The European Article Number (EAN) is the worldwide single standard for Barcodes.

RFID is a technology that is primarily used for the contactless, comprehensive identification of objects.

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RFID is indispensable in procurement management.

The European Article Number (EAN) is the worldwide single standard for Barcodes.

RFID is a technology that is primarily used for the contactless, comprehensive identification of objects.

What statements regarding ABC and XYZ analyses are true?

The ABC analysis is a classification which expresses the availability of goods at suppliers.

A rule of inventory management is that the desired components and spare parts are always available in the required quality and quantity on time and in the right place.

Deliveries (field I) according to the just-in-time philosophy is suitable for A parts.

For B parts a classical stock procurement with high quantities is suitable.

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The ABC analysis is a classification which expresses the availability of goods at suppliers.

A rule of inventory management is that the desired components and spare parts are always available in the required quality and quantity on time and in the right place.

Deliveries (field I) according to the just-in-time philosophy is suitable for A parts.

For B parts a classical stock procurement with high quantities is suitable.

Which statements regarding Supplier Management Processes are true?

Supplier management is generally achieved through supplier evaluation and supplier selection.

Supplier identification and supplier limitation (delineation) belong to supplier preselection.

Procurement integration corresponds to the "Factory-in-Factory" concept.

Primary sources for supplier identification are typically trade publications, statistics, and market reports.

Keyboard commands:

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Supplier management is generally achieved through supplier evaluation and supplier selection.

Supplier identification and supplier limitation (delineation) belong to supplier preselection.

Procurement integration corresponds to the "Factory-in-Factory" concept.

Primary sources for supplier identification are typically trade publications, statistics, and market reports.

Which regarding Value Creation in Procurement Management are true?

The higher the purchasing volume in percent of sales of a company, the lower the dependency upon suppliers.

The Total return of a company can be influenced by decisions in procurement management.

The total return of a company can be significantly influenced by decisions in procurement management.

The higher the purchasing volume in percent of a company's turnover, the higher the dependence on suppliers.

The higher the purchasing volume in percent of sales of a company, the lower the dependency upon suppliers.

The Total return of a company can be influenced by decisions in procurement management.

The total return of a company can be significantly influenced by decisions in procurement management.

The higher the purchasing volume in percent of a company's turnover, the higher the dependence on suppliers.

Which statements regarding E-Procurement are true?

Online shops from suppliers are classical "Sell Side Systems."

E-Marketplaces take over the function of classic markets by bringing together supply and demand.

With "Sell Side Systems" the seller provides its customers with the purchasing software and the purchasing catalog.

With "Sell Side Systems" employees select from a company-internal catalog.

Online shops from suppliers are classical "Sell Side Systems."

E-Marketplaces take over the function of classic markets by bringing together supply and demand.

With "Sell Side Systems" the seller provides its customers with the purchasing software and the purchasing catalog.

With "Sell Side Systems" employees select from a company-internal catalog.

Which statements regarding ABC and XYZ analyses are correct?

The Failure of A parts is often associated with high downtime costs.

X Goods are considered to be subject to a good forecast accuracy.

In particular Y goods are very difficult to plan.

For Y goods, the procurement of stocks is a good option.

The Failure of A parts is often associated with high downtime costs.

X Goods are considered to be subject to a good forecast accuracy.

In particular Y goods are very difficult to plan.

For Y goods, the procurement of stocks is a good option.

Which statements regarding the procurement portfolio are true?

Bottleneck products: These include products that the company sources from various suppliers and can be obtained in standardized quality.

The higher the volume or monetary value, the greater the impact of the corresponding input on the financial result.

Cleaning agents, office supplies, and screws are leverage products.

Strategic products: These products include technically complex products with significant volume, and which often must be provided according to customer specifications.

Bottleneck products: These include products that the company sources from various suppliers and can be obtained in standardized quality.

The higher the volume or monetary value, the greater the impact of the corresponding input on the financial result.

Cleaning agents, office supplies, and screws are leverage products.

Strategic products: These products include technically complex products with significant volume, and which often must be provided according to customer specifications.

Which statements regarding EDI (Electronic Data Interchange), are true?

EDI stands for "Electronic Data Integration."

Advantages of EDI include the reduction of manual activities, the acceleration of communication processes and the avoidance of multiple data entry.

Disadvantages of EDI are high acquisition costs and the time-consuming reconciliation of master data.

EDI is a specific standard that describes all standards for the structured exchange of electronic data.

EDI stands for "Electronic Data Integration."

Advantages of EDI include the reduction of manual activities, the acceleration of communication processes and the avoidance of multiple data entry.

Disadvantages of EDI are high acquisition costs and the time-consuming reconciliation of master data.

EDI is a specific standard that describes all standards for the structured exchange of electronic data.

Which statements regarding Procurement Management are true?

Procurement management is divided into a strategic and an operative area.

Strategic procurement management is primarily long-term oriented.

Operational procurement management pursues an optimization of purchasing effectiveness.

Strategic procurement management pursues an increase in purchasing efficiency.

Procurement management is divided into a strategic and an operative area.

Strategic procurement management is primarily long-term oriented.

Operational procurement management pursues an optimization of purchasing effectiveness.

Strategic procurement management pursues an increase in purchasing efficiency.

Logistics and SCM - 2 Procurement side basics FHNW

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