Supply Chain Management and Purchasing Fundamentals Quiz
5 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary task of industrial buyers in the context of supply chain management?

  • To purchase raw materials for conversion purposes (correct)
  • To purchase merchandise for resale purposes
  • To provide essential logistical services
  • To acquire capital equipment and MRO supplies
  • Which category of buyers includes wholesalers and retailers who primarily purchase for resale purposes?

  • Industrial buyers
  • Service buyers
  • Bulk buyers
  • Merchant buyers (correct)
  • What is purchasing widely called when it involves the acquisition of services?

  • Acquisition
  • Outsourcing
  • Procurement
  • Contracting (correct)
  • What is the key responsibility of purchasing in the context of supply chain management?

    <p>Acquisition of required materials, services, and equipment</p> Signup and view all the answers

    What do merchant buyers primarily do to create value?

    <p>Consolidate merchandise, break bulk, and provide essential logistical services</p> Signup and view all the answers

    More Like This

    GEC ELEC
    6 questions

    GEC ELEC

    SensitiveNavy avatar
    SensitiveNavy
    ELEC 2600 Engineering Probability Quiz
    9 questions
    Use Quizgecko on...
    Browser
    Browser