Topic 8 Knc 2-5Please let me know correct answer and explain it !SUPPLY

Topic 8 Knc 2-5

Please let me know correct answer and explain it !

SUPPLY

MANAGEMENT : PROCUREMENT & SUPPLY MANAGEMENT ( Supplier Evaluation and Selection )

       2.When draft day arrives, which of the following are appropriate ways to define the deal and get a contract signed?

            a. Reverse auctions

• b. Negotiation
• c. Competitive bidding
• d. Buying consortiums
• e. All of the above
• f. Only A, B, & C

      3.A scorecard should measure . . .?

            a. Performance on potential orders

• b. Trends over time
• c. The same metrics you used to select the supplier
• d. How nice the supplier is
• e. All of the above
• f. B and C only

       4.Which of the following is a valuable source of supplier information?

            a. Current suppliers

• b. Personal contacts
• c. Directories
• d. Trade shows
• e. All of the above are sources of supplier information

      5.Single sourcing is a strategy used by some organizations. Which of the following is not a benefit of single sourcing?

            a. Volume consolidation