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3.2. The role of procurement GCSE Business AQA Flashcards | StudBud
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3.2. The role of procurement GCSE Business AQA
3.2. The role of procurement GCSE Business AQA
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3.2. The role of procurement GCSE Business AQA
Flashcards
13 cards
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Questions
13
Answers
1
Reducing unit costs can save a business money.
True
False
2
Supermarkets often use a just-in-time approach.
True
False
3
What type of economies of scale are achieved when a business buys in bulk?
Financial
Marketing
Technical
Purchasing
4
A stock control method where businesses do not store any stock is called...
Just-in-time
Just-in-case
5
Clothing retailers often use a JIC approach.
True
False
6
Effective communication ensures that...
The best transportation routes are used
The correct amount of goods and services are being provided
There are no delays in the production process
Supplies are good value and good quality
7
Which of the following is NOT a factor affecting choice of suppliers?
Reliability
Profit
Quality
Cost
8
The process of managing how resources are procured, stored and transported to their final location is called...
Supply chain
Purchasing
Logistics
Procurement
9
Which of the following is a disadvantage of JIC stock management?
Buffer stock available
Lower prices
More wastage
Lower delivery costs
10
Which of the following is NOT an advantage of JIT stock management?
Less storage space is required
Less capital is tied up in stock
Stock will be fresher
Harder to react to unexpected changes in demand
11
What is the process of selecting suppliers, managing ordering, creating payment terms & negotiating contracts called?
Logistics
Purchasing
Supply chain
Procurement
12
An ineffective supply chain can cost a business money.
False
True
13
Which TWO of the following are features of a JIC approach to stock management?
Involves minimising the amount of stock held
Involves producing or purchasing excess stock
Supplier delays can halt production
Stock may have to be sold of at a discount
