Mastering Procurement – Essentials Skills and Competencies Course

Lesson 1. What is procurement and purchasing

1 Quiz

Lesson 1 – What is Procurement and Purchasing – Quiz

Lesson 2. Trends and tendencies in procurement

1 Quiz

Lesson 2 – Trends and Tendencies in Procurement – Quiz

Lesson 3. Role and influence of procurement function in the company

1 Quiz

Lesson 3 – Role and Influence of Procurement Functions in the company – Quiz

Lesson 4. Types of procurement. Tasks for procurement in the companies

1 Quiz

Lesson 4 – Types of Procurement – Quiz

Lesson 5. Five rights of procurement

1 Quiz

Lesson 5 – Rights Of Procurement – Quiz

Lesson 6. Procurement and Purchasing Cycle

1 Quiz

Lesson 6 – Procurement and Purchasing Cycle – Quiz

Lesson 7. Competences are necessary in procurement and purchasing

1 Quiz

Lesson 7 – Competencies are necessary in procurement and purchasing – Quiz

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Lesson 1 – What is Procurement and Purchasing – Quiz

Mastering Procurement – Essentials Skills and Competencies Course Lesson 1. What is procurement and purchasing Lesson 1 – What is Procurement and Purchasing – Quiz

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Question 1 of 23

1. Question
Procurment focuses mainly on ____________________.
- a. Price
- b. Value
- c. Both
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Question 2 of 23

2. Question
Procurement follows the ‘strategic’ approach while purchasing follows the ‘operational’ approach.
- a. True
- b. False
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Question 3 of 23

3. Question
Fulfilling the need of a factory operational cycle is termed as ___________________.
- a. Procurement
- b. Purchasing
- c. Both
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Question 4 of 23

4. Question
What is a common misconception among procurement professionals?
- Understanding the strategic importance of procurement.
- Differentiating between purchasing and procurement.
- Focusing solely on price rather than value.
- Ignoring the needs of internal clients.
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Question 5 of 23

5. Question
Which function is described as more reactive and transactional?
- Procurement
- Purchasing
- Supply Chain Management
- Contract Negotiation
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Question 6 of 23

6. Question
Which of the following describes a tactical aspect of purchasing?
- Developing long-term vendor relationships.
- Supporting uninterrupted supply for a factory.
- Working closely with top management.
- Focusing on creating value beyond cost.
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Question 7 of 23

7. Question
What does procurement involve more of than purchasing?
- Simple buying of goods
- Strategic decision-making
- Focus on price
- Transactional tasks
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Question 8 of 23

8. Question
In procurement, what is the starting point of the process?
- Issuing purchase orders
- Business needs
- Negotiating prices
- Expediting payments
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Question 9 of 23

9. Question
Compared to purchasing, procurement professionals are generally more:
- Reactive
- Transactional
- Proactive
- Operational
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Question 10 of 23

10. Question
What kind of role does procurement reflect in modern life?
- Isolated
- Transactional
- Strategic and Integrated
- Reactive
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Question 11 of 23

11. Question
What is procurement concerned with more than purchasing?
- The item's price
- The item's value
- Order fulfillment
- Expediting
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Question 12 of 23

12. Question
What is the main focus of purchasing?
- Creating value
- Negotiating contracts
- Focusing on the items prices
- Sourcing
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Question 13 of 23

13. Question
Which of the following is included in the scope of procurement but not necessarily in purchasing?
- Ordering
- Expediting
- Need recognition
- Payment fulfillment
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Question 14 of 23

14. Question
What approach does procurement follow to fulfill needs?
- Reactive
- Transactional
- Proactive
- Operational
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Question 15 of 23

15. Question
What approach does purchasing follow to fulfill needs?
- Proactive
- Strategic
- Reactive
- Integrated
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Question 16 of 23

16. Question
What type of vendor relationships does procurement primarily focus on?
- Transactional
- Short-term
- Long-term
- Reactive
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Question 17 of 23

17. Question
What type of vendor relationships does purchasing primarily focus on?
- Long-term
- Strategic
- Transactional
- Integrated
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Question 18 of 23

18. Question
Is procurement more important than purchasing?
- Yes
- No
- It depends on the industry
- They are equally important
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Question 19 of 23

19. Question
Which of the following is a task associated with purchasing?
- Sourcing
- Contract closure
- Operating
- Need recognition
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Question 20 of 23

20. Question
Which activity is associated with acquiring goods and services?
- Purchasing
- Procurement
- Ordering
- Expediting
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Question 21 of 23

21. Question
What is the primary goal of procurement in relation to business needs?
- Ignoring business needs
- Working independently of business needs
- Reacting only when tasks are assigned
- Working closely with and understanding business needs
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Question 22 of 23

22. Question
What is the result of efficient purchasing and procurement for a company?
- Increased costs
- Decreased efficiency
- Supporting overall business operations
- Ignoring market trends
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Question 23 of 23

23. Question
When does procurement take steps in relation to purchasing?
- Only during purchasing
- Only after purchasing
- Before, during, and after purchasing
- Only when prices need negotiation
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