PO Management and Performance Management

The use of a p-card is especially useful for the purchase of expensive products.

This approach to purchase order release would usually be used to buy maintenance, repair, and operating (MRO) supplies.

Which of the following is the next step in the purchasing cycle after a requisition is generated?

This approach to purchase order release utilizes medium- to long-term inventory planning to purchase goods and services in excess of current requirements

A critical benefit of material requirements planning (MRP) for purchasing is that MRP output provides forward visibility to what items and quantities need to be purchased.

In a kanban system, a card or container might take the place of a traditional purchase order.

When reviewing production inventories for possible purchase order release, the best technique using a time-phased approach is which of the following?

The following attributes of transportation, which is considered the most important?

All of the following elements are essential values needed to calculate the number of kanban cards EXCEPT

When using MRP output for purchase order management, the key element used by the planner is

Which of the following statements about international sourcing can be expected by a firm?

Procure-to-pay includes generating the requisition?

Increasing inventory days is one method to improve the cash-to-cash cycle?

The cultural environment is only concerned with international suppliers

All of the following are true in regards to speculative and hedging purchasing EXCEPT?