Identify the five rights of purchasing

Quantity, quality, time, place, price

Which of the following will create value for money

Centralised negotiation of contracts and prices

What is a benefit of effective procurement

Creating savings and improving efficiency

Which is a description for procurement

Obtaining goods by, hiring, leasing borrowing or stealing

Identify which two tems identify distribution management

Inventory management, Warehouse and Storage

studbud

BTEC unit 28

16 termsStudBud Administration14 plays

Imported from external platform

Flashcards16 cardsFPractice quizPHost liveL

Questions 16

Answers

1
Identify the five rights of purchasing
Quantity, price, availability, contacts, spend
Quantity, performance, time, place, costs
Quantity, quality, time, place, price
Quantity, quality, capacity, deliveries, price
2
Which of the answers is a Term contract
high value capital item
set for a specific time
One off services
low value new purchases
3
which of the following means DYAD
Single person
A light emmiting diode
A word in Welsh
A group of two people
4
Which of the following are Ethical and socially responcible
Support of equal opportunities
Use of child labour
Not purchasing sustainable products
Long working hours and low pay
5
Which of the following will create value for money
Sending all orders by post
Only unig local purchasing
Ensure we have as many different products as possible
Centralised negotiation of contracts and prices
6
Identify which is a typical portion of purchasing spend in a business
Profit 35%
Internal costs 5%
Wages 50%
Materials and goods 55%
7
What is a benefit of effective procurement
negative impact on profit
Working to our own budgets not the businesses
ignoring budgets set
Creating savings and improving efficiency
8
Which is a description for procurement
Stealing goods
Obtaining goods by, hiring, leasing borrowing or stealing
Paying for goods
Buying or Obtaining goods
9
Which of the followinf work in a procurement department
Operations manager
Warehouse operative
Purchase Ledger assistant
Expediter
10
What are the advantages of outsourcing
Loss of control
Costs of services
Loss iof in-house knowledge
Uses the specialist expetise
11
Identify which two tems identify distribution management
Design
Inventory management
Warehouse and Storage
Environmental impacts
12
Common terms that describe procurement & Supply inputs
Services
Assembly
Labour
Design
13
What can cause problems in the sourcing process
Unclear Specifications
Good quality items
On time deliveries
Booking goods in on time
14
Which of the following is in the Pre Award Phase
Producing specifications
Expediting deliveries
Order placement
Requesting quotes
15
Which of the following are in idicator or a Service
Quality easy to assess
Can be inventoried
Long lead time
Cannot be inventoried
16
Identify which is the correct flow of targets
Tactics, Strategy, Goals
Mission, Tactics, Operation plans
Strategy, Mission, Tactics
Mission, Goals, Objectives

BTEC unit 28 Flashcards | StudBud