Supply Chain Risk Management
Exam Solutions
Course Introduction
Supply Chain Risk Management explores the strategies, tools, and methodologies used to identify, assess, and mitigate risks throughout the supply chain. The course covers various types of risks, including operational, financial, geopolitical, environmental, and cyber risks, and examines how disruptions can impact supply chain performance and organizational resilience. Students learn to evaluate risk sources, implement risk assessment frameworks, and develop proactive response and recovery plans. Emphasis is placed on case studies, real-world examples, and the integration of technology and analytics to enhance visibility and decision-making in managing complex supply networks globally.
Recommended Textbook
Purchasing and Supply Chain Management 7th Edition by van Weele
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15 Chapters
909 Verified Questions
909 Flashcards
Source URL: https://quizplus.com/study-set/2118 Page 2
Chapter 1: The Role of Purchasing in the Value Chain
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60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/42215
Sample Questions
Q1) Procurement and supply chain management can contribute to improving the company's bottom line in which of the following ways?
A) Quantitative only.
B) Qualitative only.
C) Both quantitative and qualitative.
D) Neither quantitative nor qualitative.
Answer: C
Q2) Procurement activities are necessary for running,maintaining and managing which of the following activities?
A) Primary activities
B) Support activities
C) Primary and Support activities
D) Future activities
Answer: C
Q3) Which of the following is a characteristic of a finished product?
A) A component for the manufacturing process.
B) Products which are purchased to be sold, after negligible added value.
C) Raw materials for the production process.
D) Purchased for storage.
Answer: B
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Chapter 2: Industrial Buying Behavior: Decision-Making in Purchasing
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58 Verified Questions
58 Flashcards
Source URL: https://quizplus.com/quiz/42216
Sample Questions
Q1) Which of the following better explains 'Budget'?
A) A budget serves as a vehicle for delegating activities and responsibilities to lower management levels in the organization.
B) A budget serves as a vehicle for activities and responsibilities of senior management levels in the organization.
C) A budget serves as a vehicle for delegating activities and responsibilities to senior management levels in the organization.
D) A budget serves as a vehicle for monitoring activities and responsibilities of lower management levels in the organization.
Answer: A
Q2) Which of the following better explains 'Competitive Bidding'?
A) This is a situation where a supplier asks for orders from different buyers.
B) This is a situation where a buyer asks for bids from different suppliers.
C) This is a situation where a buyer asks for information from one supplier.
D) This is a situation where a buyer asks for bids from different suppliers, creating a level playing field.
Answer: D
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Page 4
Chapter 3: The Purchasing Management Process
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60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/42217
Sample Questions
Q1) Which of the following explains 'Gain and Risk Sharing Agreements'?
A) The supplier future income is partially determined by the success of the customer's new product in its end markets.
B) The supplier future income is wholly determined by the success of the customer's new product in its end markets.
C) The customer's future income is partially determined by the success of the customer's new product in its end markets.
D) The supplier future income is partially determined by the success of the customer's existing product in its end markets.
Answer: A
Q2) Which of the following are likely to be a criterion for choosing the best supplier?
A) Location.
B) Quality of Service.
C) Strategic Plan.
D) Profitability.
Answer: B
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5
Chapter 4: Buying Business Services
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61 Verified Questions
61 Flashcards
Source URL: https://quizplus.com/quiz/42218
Sample Questions
Q1) What of the following activities represent the best thing a buyer can do with internal customers?
A) Say nothing.
B) Provide superior transparency in terms of the number of service providers the company works with.
C) Ignore their input.
D) Be subjective.
Q2) At which of the following points can payment be made to a supplier?
A) When both parties agree about the quality and quantity of the goods delivered.
B) When the goods or services are delivered.
C) When the good or services are ordered.
D) 3 months after the goods or services are delivered.
Q3) Which of the following best explains the inputs that will be used by the service provider?
A) The supplier processes needed to produce the service.
B) The performance of the supplier.
C) The resources and capabilities of the supplier.
D) The economic value generated by the service.
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6
Chapter 5: Contract Management for Complex Projects
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60 Verified Questions
60 Flashcards
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Sample Questions
Q1) Which of the following is a stage of contract management?
A) Independent evaluation.
B) Political approval.
C) Deciding to decide.
D) Pre-contractual.
Q2) Which of the following is the prevailing co-ordination mechanism for settling contractual disputes and conflicts?
A) Negotiation.
B) Arbitration.
C) Mediation
D) A court case.
Q3) Which of the following should be incorporated into the general information on supplier selection?
A) Number of employees of suppliers.
B) Turnover of suppliers.
C) Contract value.
D) How bids are evaluated.
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7
Chapter 6: Public Procurement
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63 Verified Questions
63 Flashcards
Source URL: https://quizplus.com/quiz/42220
Sample Questions
Q1) Which of the following does not constitute a 'formal agreement'?
A) A contract.
B) A purchase order.
C) An invoice.
D) A verbal agreement.
Q2) Which of the following countries are not full members of the European Union (EU)?
A) Malta.
B) Canada.
C) Slovenia.
D) Ireland.
Q3) Which of the following is an example of optional exclusion criteria?
A) Collusion with other suppliers aimed at distorting competition.
B) Money laundering.
C) Tenders from non-EU companies.
D) Corruption.
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8
Chapter 7: Purchasing and Business Strategy
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62 Verified Questions
62 Flashcards
Source URL: https://quizplus.com/quiz/42221
Sample Questions
Q1) What are the two variables used in Kraljic's (1983) purchasing portfolio approach?
A) Purchasing impact on the bottom line of the company and supply risk.
B) Purchasing and demand risk.
C) Purchasing impact on suppliers and profits.
D) Purchasing impact on the bottom line of the company and distribution risks.
Q2) Which of the following best describes 'quality system'?
A) Combination of buyer's quality assurance and supplier's quality assurance.
B) Collection of methods and procedures used for quality management.
C) Quality awards.
D) Customer complaint monitoring.
Q3) Which of the following is a potential route to growth as identified by Ansoff (1980)?
A) Market penetration.
B) Divestment.
C) Partnership.
D) Globalisation.
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Chapter 8: Outsourcing and Risk Management
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61 Verified Questions
61 Flashcards
Source URL: https://quizplus.com/quiz/42222
Sample Questions
Q1) Which of the following is not a factor influencing the level of transaction costs?
A) Frequency of the transaction.
B) The level of the transaction-specific investments.
C) The internal and external uncertainty.
D) The cost of the lump sum contract.
Q2) Which of the following best explains the concept of 'outsourcing'?
A) Transferring activities that were previously conducted in-house, to a third party.
B) Transferring activities to a third party.
C) Transferring activities that were previously externally, to another third party.
D) Transferring activities from one section of the organization to another.
Q3) Which of the following best explains a 'performance risk'?
A) The potential for machinery to breakdown.
B) The extent to which the supplier has a history of success.
C) The chance that the supplier is not capable of doing the job it was hired for.
D) The extent to which the provider is trustworthy.
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Chapter 9: Category Sourcing: Developing Effective
Sourcing
Strategies
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62 Verified Questions
62 Flashcards
Source URL: https://quizplus.com/quiz/42223
Sample Questions
Q1) Which of the following would not be an item in the 'Commodity sourcing strategy' contents of a category sourcing plan?
A) Summary of expected results and costs.
B) Targeted number of suppliers.
C) Location of suppliers.
D) Type of preferred contract.
Q2) Which of the following is not an item of IT infrastructure expenditure?
A) Interior decorating.
B) Printers.
C) Mobile telecom services.
D) PCs.
Q3) Which of the following should be addressed by a contract strategy?
A) Price agreement versus performance agreement.
B) Outsourcing potential.
C) Competitor analysis.
D) Currency of transactions.
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11
Chapter 10: Purchasing Innovation and Quality Management
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62 Verified Questions
62 Flashcards
Source URL: https://quizplus.com/quiz/42224
Sample Questions
Q1) Which of the following best explains 'global design'?
A) Buyer decides to integrate a standard component in their product design and supplier is requested to submit a price proposal and production planning.
B) Supplier is responsible for submitting a prototype or sample for approval and testing.
C) The buyer communicates a rough design to the supplier to work out a detailed design and submit this for approval to the buyer. When approved, the supplier is responsible for prototyping, testing and manufacturing.
D) Based upon functional specifications for a component or module, the supplier is responsible for conceptual design, prototype, testing and setting up production and assembly processes.
Q2) Which of the following best explains 'design stage'?
A) Production requirements are taken into account.
B) The product design is translated into a number of prototypes or laboratory models.
C) The conceptual design is translated into a technical design.
D) The new product idea is translated into a first conceptual design.
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Page 12
Chapter 11: Purchasing Logistics and Supply Chain Management
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60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/42225
Sample Questions
Q1) Which of the following is a characteristic of 'oligopoly'?
A) Neither the supplier nor the buyer can influence the price of the product because there are a large number of buyers and sellers.
B) There is a high degree of product differentiation.
C) A limited number of suppliers and a limited product differentiation.
D) The supplier cannot influence the price of the product because there are a large number of buyers.
Q2) Which of the following is a disadvantage of JIT for the supplier?
A) It may take some time for a supplier to deliver at zero defects or to produce zero defects.
B) Not regularly informed about the quantities to be delivered.
C) Delivery times and specification often change.
D) Additional costs.
Q3) Which of the following best explains reverse logistics?
A) Recycling packaging materials.
B) Outsourcing transportation.
C) Achieving the shortest delivery time.
D) Relationship management between the company and its suppliers as well as its customers.
Page 13
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Chapter 12: Purchasing Organization
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60 Verified Questions
60 Flashcards
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Sample Questions
Q1) Which of the following is a responsibility of legal counsels?
A) Developing corporate sourcing strategies.
B) Strategic commodities.
C) Materials planning.
D) Solve supplier disputes.
Q2) Which of the following is a responsibility of project buyers?
A) Developing corporate sourcing strategies.
B) Strategic commodities.
C) Investment goods and maintenance good and services.
D) General goods and services.
Q3) Which of the following is a skill required of a project buyer?
A) Leadership skills.
B) Project management skills.
C) Communication skills.
D) Reporting skills.
Q4) Which of the following is a skill required of a category sourcing manager?
A) Leadership skills.
B) Project management skills.
C) Communication skills.
D) Reporting skills.
Page 14
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Chapter 13: Performance Measurement and Governance in Purchasing
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61 Verified Questions
61 Flashcards
Source URL: https://quizplus.com/quiz/42227
Sample Questions
Q1) Which view of purchasing is described in the following statement??Management becomes aware that pressing suppliers for low prices has its drawbacks and may lead to sub-optimization.
A) Purchasing as an operational, administrative activity.
B) Purchasing as a commercial activity.
C) Purchasing as part of integrated logistics
D) Purchasing as a strategic business area.
Q2) Which of the following is not a key performance indicator (KPI) for measuring the quality of incoming goods and services?
A) The number of quality claims to suppliers and amounts involved.
B) The cost related to quality inspection and auditing of incoming goods.
C) This is the percentage of the volume that has been ordered from contracted suppliers versus the total contract spend.
D) The number of credit notes to suppliers and the cost related to non-quality deliveries.
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Chapter 14: Cost Approaches and Techniques
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59 Verified Questions
59 Flashcards
Source URL: https://quizplus.com/quiz/42228
Sample Questions
Q1) Which of the following is not a contributor to changes in the market structure?
A) Change in demand.
B) Change in supply.
C) Change in supply side inventory.
D) Change in exchange rates.
Q2) Which of the following is not an activity associated with turning supplier rivalry into opportunity?
A) Source each component from two or three vendors.
B) Go to see how suppliers work.
C) Create compatible production philosophies and systems.
D) Set up joint ventures with existing suppliers to transfer knowledge and maintain control.
Q3) Which of the following best explains external factors?
A) Those factors about which the supplier can exert control.
B) Those factors about which the purchaser cannot exert control.
C) Those factors about which the purchaser can exert control.
D) Those factors about which the supplier cannot exert control.
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Chapter 15: Purchasing, Corporate Social Responsibility and Integrity
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60 Verified Questions
60 Flashcards
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Sample Questions
Q1) Which of the following best explains 'external sustainability standards'?
A) These are used the general codes of conduct and business values of the organization and need to be signed by the supplier.
B) These are used to allow procurement professional to check the degree to which suppliers comply with their sustainability requirements through self-assessment and/or supplier sustainability audits.
C) These are used to ensure that corrective actions are put in place by suppliers.
D) These are used to inform and are based on external standards and norms.
Q2) Which of the following is an international standard for sustainable procurement?
A) ISO 10001
B) ISO 20100
C) ISO 90010
D) ISO 20400.
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