E-Procurement - Assessment

1.

Multiple Choice

30 sec

1 pt

The terms 'purchasing' and 'procurement' are often used synonymously but which of the following statements provides a more refined distinction?

Purchasing has a broader meaning than procurement

Procurement has a broader meaning than purchasing

Procurement is broadly equivalent to purchasing

None of the above

2.

Multiple Choice

30 sec

1 pt

E-procurement is not new and there have been many attempts to automate the process of procurement for the potential buyer by using:

Chip and pin technology

Electronic procurement systems

Radio frequency identification microchip

Electronic procurement

3.

Multiple Choice

30 sec

1 pt

There are benefits and practical considerations to take into account when introducing e-procurement. There are also different types or applications. Which one of these enables the purchasing company to buy goods and services that have the lowest price or combination of lowest price and other conditions through Internet technology?

E-informing

E-sourcing

E-reverse auction

E-tendering

4.

Multiple Choice

30 sec

1 pt

A recent study in 2010 reviewed the business benefits of adopting e-procurement and concluded that there were five key drivers. Which one is FALSE though?

Cost - improved through buyer leverage

Process - reduced cycle time

Control - lower levels of compliance and need for budgetary control

Supplier management - reduced supplier numbers

5.

Multiple Choice

30 sec

1 pt

To assess any new initiative, some evaluative process needs to take place. Riggins and Mitra recently created an evaluative framework that can be used for evaluating e-supply chain management as well as e-procurement. Some of the main dimensions are below but which one would contain the benefit of vendor-managed inventory?

Development

Production

Inbound

Planning

Outbound

6.

Multiple Choice

30 sec

1 pt

In estimating e-procurement costs and savings, a simple equation is followed. To calculate cost savings from e-procurement the following calculation is used: Savings = No. of requisitions × (New cost - Original cost)

True

False

7.

Multiple Choice

30 sec

1 pt

Adopting e-procurement does not come without risks or barriers. Some of these are specific to e-procurement while others are more general limitations to e-business adoption. Which of the following is not a specific e-procurement issue?

Creation of catalogues can be a long and costly process

Positive negative perceptions from suppliers

Cost of implementation and managing change

Positive negative perceptions from suppliers

8.

Multiple Choice

30 sec

1 pt

There are different information systems which can be used to show the processing steps that takes place within a fulfillment cycle. Which sequence is most typical of the procurement process?

Approver to originator to buyer to supplier

Supplier to originator to approver to buyer

Originator to buyer to approver to supplier

Originator to approver to buyer to supplier

None of the above

9.

Multiple Choice

30 sec

1 pt

Electronic B2B marketplaces can also be known as exchanges and hubs and they all refer to virtual locations with facilities to enable trading between buyers and sellers. Recent research by Johnson (2010) examined reasons for the limited adoption of e-marketplaces. The most significant included:

Difficulties to create a paradigm shift in e-business

Lack of faith in an integrated e-marketplace

Benefits, risks and trust in partners

All of the other answers apply

10.

Multiple Choice

30 sec

1 pt

The electronic integration and management of all procurement activities including purchase request, authorization, ordering, delivery and payment between a purchaser and supplier is known as:

E-procurement process

E-procurement system

E-procurement

All of the above

11.

Multiple Choice

30 sec

1 pt

E-procurement aims to improve performance of what is known as the 'five rights of purchasing'. One aim of e-procurement is increasing savings by sourcing items:

Of the right quantity

At the right price

Of the right quality

From the right source

12.

Multiple Choice

30 sec

1 pt

What is the term used to describe where supply chain partners manage the replenishment of parts or items for sale? They do this through the sharing of information on variations in demand and stock levels for goods used for manufacture or sale.

E-procurement drivers

E-business value and stock level grid

Vendor-managed inventory

Efficient customer response

13.

Multiple Choice

30 sec

1 pt

There are barriers and risks involved in adopting e-procurement. Which of the following is NOT regarded as a risk or barrier?

Possible positive perception from suppliers

Negotiated procurement benefits may be shared with other exchange users who may be competitors

Creation and cost of catalogues

Competition issues

14.

Multiple Choice

30 sec

1 pt

In future, some suggest that the task of searching for suppliers and products may be taken over by a program which automatically gathers information from the Internet:

Electronic B2B marketplaces

Metamediaries

Software intelligent agents

Spider search engines

15.

Multiple Choice

30 sec

1 pt

Of the following, which is an e-procurement benefit related to budgetary control?

Correcting errors is traditionally a major part of a buyer's workload

Reduced purchase cycle

Rules to limit spending and improved reporting facilities

Enabling them to concentrate on strategic purchasing issues

16.

Multiple Choice

30 sec

1 pt

Which of the following describes the stock control system element of an e-procurement system?

Re-ordering is automated when the number in stock falls below re-order thresholds

Staff in the buying department to enter an order which can then be used by accounting staff to make payment when the invoice arrives

Integrates the entry of the order by the originator, approval by manager and placement by buyer

Possible to integrate all e-procurement functionality and may also include integration with suppliers' systems

17.

Multiple Choice

30 sec

1 pt

Negotiated contracts with regular suppliers typically in long-term relationships is an example of:

Systematic sourcing

MRO sourcing

Spot sourcing

E-procurement

18.

Multiple Choice

30 sec

1 pt

For B2B transactions involved with e-procurement, the merchant site should facilitate:

Modified rebuys

Straight rebuys

Initial purchases

Partially complete orders

All of the above

19.

Multiple Choice

30 sec

1 pt

Another aim of e-procurement is increased choice of supplier leading to sourcing items:

Delivered at the right time

Of the right quantity

From the right source

At the right price

20.

Multiple Choice

30 sec

1 pt

Security is a consistent and growing problem for e-procurement and procurement solutions.

True

False

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