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Purchasing is Easy, the Professional Way
"After creating a few fun quizzes, I offer you now a more serious and informative quiz. Test yourself whether you are the right material to become a professional buyer."
15 Points Per Correct Answer - No time limit
Which university gave its name to a comprehensive process description concerning purchasing and supply chain professionalism known as the MSU model by Monczka?
Moscow State University
Michigan State University
Mississippi State University
Madrid State University
You are a buyer from a large company and a supplier gives you a nice gift like a fancy dinner for you and your spouse, a personal discount or an expensive case of wine. What is the actual intention of the supplier?
Building a friendly relationship.
Getting you drunk to get you to sign a contract while intoxicated.
Utilizing his marketing budget for tax reasons.
Making more profit in the future.
You are a buyer from a large company and a supplier is in direct contact with somebody within your company to persuade him to buy their products.
In the purchasing profession, what do we call this situation?
In which of the following steps of the purchasing process is the contribution of a good buyer more valuable than in the other steps?
Creating purchase order
What does a buyer describe as "Goldplating"?
Buying a product with a better specification than you actually need.
Buying a top brand product.
A supplier selling you rubbish with a very convincing story.
Buying a product with a price that changes by the day.
At what point in a purchasing process (not catalogue or contract buying) should you give your General Conditions of Purchase to your supplier?
Upon receiving the order confirmation from the supplier.
Together with your purchase order as it is printed on the back in gray.
Together with your request for proposal or quotation.
As soon as you receive the suppliers General Conditions of Sale.
What do we call a system that generates purchasing orders based on actual production numbers?
PPI - Production Purchase Initiative
MRP - Material Requirement Planning
SPS - Stock Planning System
A set of transportation conditions are agreed upon Globally so that there is no interpretation mistake about who pays for transport or who is responsible for insurance. According to these Incoterms, where is the transition point of risk in the condition FOB in case you do an international purchase?
At the factory gate of the seller.
At the clearance area in the custom office in the country of the buyer.
At the factory gate of the buyer.
At the railing of the ship at departure.
Peter Kraljic, a Dutch businessman, described a portfolio model in which you can determine a purchasing tactic in a certain situation. Which tactic should you use in case the Kraljic model shows that the financial impact of a product is high but the risk of not being able to find these products on the market is low?
Make long term contracts to ensure deliveries.
Divide and conquer, have multiple suppliers bid against each other to lower the price due to competition.
Try to reach a strategic partnership with the supplier.
Do not spend too much time on this product, try to use system contracting to lower the total procurement costs.
A supplier has not raised the price of a product for the third year in a row. What should your action be?
Don't contact the supplier, maybe he has forgotten to raise the price, enjoy it as long as it lasts.
Give the supplier a call and ask him if he did not make a mistake. You do not want a surprise during the year on your purchasing budget.
Give the supplier a call and thank him for the fact that the price is so stable.
You should wonder if you are not paying too much, and also whether you have paid too much in the past years.
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Compiled Jun 19 13