Module B7

Module B7 Assessment
Please Answer All Questions Before Submitting.
It is a requirement, to pass this Module, for you to attempt and submit each assessment.

This quiz will close at 11.59 PM on Friday 23rd of June.

Enjoy and Good Luck!

Please write down your personal details in the space provided below

* First Name :
* Last Name :
* Email Address :

* Please select your SBA from the drop down list below

* Please write down your SBU/ Department in the space provided below

* 1. What is SRM? And why is it important? Please give a short description below

* 2. What are some key activities of SRM? Select one of the below:

a. Communication

b. Relationship activities

c. Procurement activities

d. All of the above

* 3. SRM follows after contract negotiation and implementation

True

False

* 4. SRM must be equally provided to all suppliers regardless of whether they are at the high strategic value end or not

True

False

* 5. Which of the following is not a classification of suppliers? Select one below

a. One-time Suppliers

b. Incumbent Suppliers

c. Preferred Suppliers

d. Strategic Suppliers

* 6. What does performance management entail? Provide a short explanation of how it works

* 7. Which of the following are some of the benefits of implementing a structured supplier risk failure assessment process? Select the correct ones

a. Improved sustainability for supply

b. Improved visibility for supply

c. Reduced adverse impacts of supplier failure

d. Avoidance of unaddressed supplier risk consequences

* 8. Supplier risk failure assessment is an obligation rather than a preference in order to run a successful business

True

False

* 9. The main focus on supplier risk assessment should be on: Select one below

a. All suppliers that are currently used by a company

b. Strategic suppliers who can significantly impact a business if they fail

c. Suppliers from industries that are likely to be quite volatile

d. All of the above

* 10. Which of the following are not good financial metrics to use when profiling your supplier pool based on risk? Select one below

a. Acid Test Ratio

b. Breakeven Sales

c. Interest Coverage

d. YoY Financial Growth

* 11. Where in the procurement process does SRM start playing an important role? Select one below

a. Demand

b. Source

c. Fulfil

d. Manage

* 12. Why is it important to have executive involvement when identifying supplier accountability?

* 13. What are the three steps you need to follow in the supplier failure risk assessment process?

* 14. What are some of the reasons why we have review meetings with our strategic, preferred and outsourced suppliers?

* 15. In terms of SRM, if there are no measurement procedures in place to capture effort and success, companies have no way of knowing if money and effort spent on SRM is doing any good.

True

False