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Guide for CIPS Measuring Performance in Purchasing and Supply

Quiz CIPS Measuring Performance in Purchasing and Supply

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/ 10

Quiz

1/10
Which of the following measures could be used to verify the effectiveness of stores management?
Select the answer
1 correct answer
A.
Value of credits taken
B.
Value of credit given
C.
Value of stock orders placed
D.
Value of stock damaged

Quiz

2/10
Which of the following does the abbreviation ROE normally refer to?
Select the answer
1 correct answer
A.
Return on equity
B.
Restoration of equipment
C.
Results of effectiveness
D.
Recycling operational efficiency

Quiz

3/10
Which of the following is an appropriate measure of customer service in a stores environment?
Select the answer
1 correct answer
A.
Accuracy of stock-turns
B.
Accuracy of stock checks
C.
Accuracy of first time picks
D.
Accuracy of stock positioning

Quiz

4/10
Which of the following would be considered the best method of improving the quality of goods received?
Select the answer
1 correct answer
A.
Implementation of ISO14001
B.
A performance measurement agreement
C.
A call off agreement
D.
A financial penalty scheme

Quiz

5/10
Which of the following is most likely to improve the overall efficiency of a purchasing office?
Select the answer
1 correct answer
A.
Use of vendor rating systems
B.
Use of SMART controllers
C.
Use of blanket orders
D.
Use of wider base of suppliers

Quiz

6/10
A buyer is concerned about improving the cost of materials received. Which of the following would be considered the best means of assessing current purchasing performance?
Select the answer
1 correct answer
A.
Comparisons with industry index numbers
B.
Inflation assessment calculations
C.
Cost/profit volume analysis
D.
Negotiation with existing suppliers

Quiz

7/10
Which of the following is the most often quoted benefit of joint performance measurement and relationship building techniques?
Select the answer
1 correct answer
A.
Supplier base enlargement
B.
More understanding of the supply chain
C.
More varied problems
D.
More professional development

Quiz

8/10
Which of the following would be the expected outcome of entering into a consignment stock agreement with a supplier?
Select the answer
1 correct answer
A.
A reduction in stock value reported in the financial accounts system
B.
A reduction to the capital base of the supplier
C.
A reduction in the purchaser's payment terms
D.
An improvement in the debtor portfolio of the buying company

Quiz

9/10
Which of the following adds value to procurement activities?
Select the answer
1 correct answer
A.
A large supplier database
B.
A narrow supplier database
C.
An organised and defined supplier database
D.
An unstructured supplier database

Quiz

10/10
Which of the following is the most effective approach to total quality management?
Select the answer
1 correct answer
A.
Designing in quality
B.
Assuming quality of the right standard
C.
Use of ISO 3742
D.
Checking quality more rigorously
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Info quiz:

  • Quiz name:CIPS Measuring Performance in Purchasing and Supply
  • Total number of questions:57
  • Number of questions for the test:50
  • Pass score:80%

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