Supplier Management 101 Quiz

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• Relates to procurement's prime objective of procuring defect-free product, materials, and services.
• Assists procurement to identify supplier problems in products and delivery times that risk internal stock outs and increased costs for expediting.
• Enables procurement to facilitate the smooth flow of goods and services in a cost effective, timely manner to continuously reduce product, process, and channel costs.
• Assists procurement to leveraging information technology superiority that will provide supplier and delivery visibility and will remove unnecessary process redundancies.
• Enables purchases to assist the entire organization to increase the velocity of getting new products to market, removing blockages clogging the flow of inventory through the supply channel, and delivering an exceptional customer buying experience.