Podcast
Questions and Answers
In global sourcing, what can give rise to challenges besides different legal systems?
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?
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?
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?
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 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 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 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?
What entails a systematic assessment of a supplier’s performance post-delivery of purchased items?
'Ex works' (EXW) Incoterm indicates that:
'Ex works' (EXW) Incoterm indicates that:
What type of agreement is common for annual contracts to place material requisitions against?
What type of agreement is common for annual contracts to place material requisitions against?
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