Which of the following would typically carry the most weight in supplier selection decisions?A. Quality and delivery.B. Technical capability.C. Price.D. Financial stability.
When the majority of the company’s business is given to one supplier and other suppliers are treated as backup suppliers, this is calledA. a preferred supplier strategy.B. a dual sourcing strategy.C. a cross-sourcing strategy.D. a spend consolidation strategy.
Which of the following indicates an item to be a good candidate for outsourcing?A. The item is important to the company’s competitive advantage.B. The item is a standard product also sold to many other companies.C. The item technologically advanced and will require close control.D. All of the above
When purchasing finds savings in the cost of goods sold,A. this is called the purchasing effect.B. such savings fall directly to the bottom line.C. both of the above are true.D. neither of the above is true.