Modern Procurement and Supply Management Quiz by Dr. Mina

Modern Procurement and Supply ManagemenT

BRAIN GAMES: Challenge Your Knowledge For Fun

Quiz on Modern Procurement and Supply Management by Dr. Enrico Mina

1. __________ is a business strategy that tries to produce internally as many as possible of the components and materials needed to produce a product or service.

2. The interrelated system of direct and indirect suppliers supporting a firm’s operations with in-bound logistics is called the __________.

3. __________ is a supplier-customer relationship that emphasizes long-term partnership, mutual benefit, and strong responsibility to preserve the partnership.

4. Having a reliable vendor manage inventories of high-volume stock items that it supplies is called ___________.

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