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Flashcards	46
Students	14
Language	English
Category	Macro-Economics
Level	University
Created / Updated	11.10.2021 / 13.06.2023
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Which statements regarding Procurement Management are true?

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

Strategic procurement management pursues an increase in purchasing efficiency.

Operational procurement management pursues an optimization of purchasing effectiveness.

Strategic procurement management is primarily long-term oriented.

Which statements regarding Supplier Management Processes are true?

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

The supplier management process is divided into three main sections.

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

Pooling (supplier containment) refers to primary and secondary sources.

Which statements regarding EDI are true?

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

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

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

EDI stands for "Electronic Data Integration".

Is the following "Goal of Supplier Development" statement qualitative or quantitative?

"Reduction of transaction and process costs"

qualitative

quantitative

Is the following "Goal of Supplier Development" statement qualitative or quantitative?

"Development of new sales markets through supplier contacts"

qualitative

quantitative

Is the following "Goal of Supplier Development" statement qualitative or quantitative?

"Shortening throughput times through optimized procurement processes"

qualitative

quantitative

Is the following "Goal of Supplier Development" statement qualitative or quantitative?

"Increase of process and product quality"

qualitative

quantitative

Is the following "Goal of Supplier Development" statement qualitative or quantitative?

"Improvement of the relationship with the entire supplier base."

qualitative

quantitative

Is the following "Goal of Supplier Development" statement qualitative or quantitative?

"Promotion of transparency in the procurement processes"

qualitative

quantitative

Is the following "Goal of Supplier Development" statement qualitative or quantitative?

"Reduction of the material purchase prices"

qualitative

quantitative

Is the following "Goal of Supplier Development" statement qualitative or quantitative?

"Efficiency increase in the processes by means of adequate IT systems"

qualitative

quantitative

Which statements regarding Value Creation in Procurement Management are true?

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

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

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

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

Which statements regarding the SCOR Model are true?

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

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.

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

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

Which statements regarding Cooperation Strategies are true?

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

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

"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.

Which statements regarding the Procurement of Direct Goods are true?

Procurement is often controlled by a merchandise management or ERP system and can thus achieve high efficiency, a subject of Supply Chain Management

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

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

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

Which statements regarding Supplier Management Processes are true?

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

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

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

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

Which statements regarding the Procurement Portfolio are true?

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

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.

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

Order the following statement to the corresponding terms "Preselection," "Management" or "Intensification."

"Supplier Delimitation"

Preselection

Management

Intensification

Order the following statement to the corresponding terms "Preselection," "Management" or "Intensification."

"Supplier Rating"

Preselection

Management

Intensification

Order the following statement to the corresponding terms "Preselection," "Management" or "Intensification."

"Supplier Development"

Preselection

Management

Intensification

Order the following statement to the corresponding terms "Preselection," "Management" or "Intensification."

"Supplier Integration"

Preselection

Management

Intensification

Order the following statement to the corresponding terms "Preselection," "Management" or "Intensification."

"Supplier Selection"

Preselection

Management

Intensification

Order the following statement to the corresponding terms "Preselection," "Management" or "Intensification."

"Supplier Identification"

Preselection

Management

Intensification

Which statements regarding Procurement Portfolios are true?

The number of routine suppliers should be increased, if possible.

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.

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

Which statements regarding E-Procurement are true?

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.

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.

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

Which statements regarding ABC and XYZ analyses are true?

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

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

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

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

Which statements regarding Procurement Management are true?

Operational procurement management is primarily long-term oriented.

Operational procurement management aims to increase purchasing efficiency.

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

Which statements regarding E-Procurement are true?

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.

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

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

Which statements regarding ABC and XYZ analyses are true?

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.

Which statements regarding Barcodes and RFID are true?

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

RFID is indispensable in procurement management.

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