Collaborative Innovation Processes in Purchasing

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In global sourcing, what can give rise to challenges besides different legal systems?

Supplier performance

Technological advancements

Economic conditions

Cultural differences (correct)

Which Incoterm specifies that the cost and freight are covered?

EXW

CFR (correct)

CIF

FOB

What type of agreement is commonly used in annual contracts for ordering?

Sales confirmation

Purchase order

Material requisitions

Call-off agreements (correct)

In serial production, what triggers the automatic ordering process through IT systems?

Minimum inventory level being reached Signup and view all the answers

What follows the placement of an order when it is at risk of being overdue and focuses on timely delivery?

Expediting activities Signup and view all the answers

What is a key activity of operative procurement during the execution phase?

Follow-up activities Signup and view all the answers

What process follows the successful execution of a transaction in the procurement cycle?

Payment process Signup and view all the answers

What entails a systematic assessment of a supplier’s performance post-delivery of purchased items?

Supplier evaluation Signup and view all the answers

'Ex works' (EXW) Incoterm indicates that:

'Buyer collects goods at their location' Signup and view all the answers

What type of agreement is common for annual contracts to place material requisitions against?

Call-off Agreements Signup and view all the answers

Collaborative Innovation Processes in Purchasing

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Questions and Answers

In global sourcing, what can give rise to challenges besides different legal systems?

Which Incoterm specifies that the cost and freight are covered?

What type of agreement is commonly used in annual contracts for ordering?

In serial production, what triggers the automatic ordering process through IT systems?

What follows the placement of an order when it is at risk of being overdue and focuses on timely delivery?

What is a key activity of operative procurement during the execution phase?

What process follows the successful execution of a transaction in the procurement cycle?

What entails a systematic assessment of a supplier’s performance post-delivery of purchased items?

'Ex works' (EXW) Incoterm indicates that:

What type of agreement is common for annual contracts to place material requisitions against?

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