"Purchasing and Supply Management" 15th Edition by: Johnson/Flynn

1. The objectives of supply are to obtain:

a.the right material at the right quality, quantity, price and cost at the right place fromthe right source with the right service.

b. the right quality materials in the right quantity at the right time and place from the right source at the right service level and at the right price.

c. the right material, at the right place, time, price, cost, and terms and conditions.

d. the right material or service at the right quality, quantity, place, and time from the right source at the right service.

e. the right quality and quantity at the right price and cost delivered to the right place at the right time from the right source.

2. To achieve time, quality or cost reduction targets, organizations may:

a. give internal users ownership of tasks and problems.

b. promote diversity in the workplace.

c. expand the size of the supply base.

d. commit resources to cross-functional team development.

e. cross-train employees in case of downsizing.

3. Close to 70 percent of the value of anygiven requirement is established during:

a. supplier evaluation and selection. b. price negotiations. c. identification of potential suppliers.

d. need recognition and description.

e. delivery and inventory management.