Question 1

In a _________ suppliers are asked to give a price for a requirement, although they can consider other options in addition to price.

Options :

A : ITT

B : RFQ

Answer: B

Question 2

Buyers can compare several products and services on an e-marketplace without the need for a formal procurement or sourcing process

Options :

A : TRUE

B : FALSE

Answer: A

Question 3

Each organisation needs to balance the cost of quality and the impact that defects in a product or service can have on their reputation.

Options :

A : TRUE

B : FALSE

Answer: A

Question 4

E-procurement systems can be used for which of the following? Select all that apply

Options :

A : Catalogue management – so buyers can review suppliers’ offers

B : Contract management – holds details of contract performance

C : Purchasing – raising and sending purchase orders to suppliers

D : Requisitioning – routed from user to correct procurement professional or authoriser

Answer: A,C,D

Question 5

Quality assurance and quality control provide the information required for quality improvement.

Options :

A : TRUE

B : FALSE

Answer: A