1. Procurement is an operational process executed hundreds or thousands of times

ID: 3673847 • Letter: 1

Question

1. Procurement is an operational process executed hundreds or thousands of times a day in a large organization.

2. Finding reliable suppliers is a procurement objective among organizations.

3. A company stores the products that it manufactures in its raw materials inventory.

4. Before the advent of SAP, most large organizations typically consolidated data in a single database.

5.Traditional procurement processes enabled the generation of real-time accounting reports.

6. The structure of an industry can be determined by using Porter's five forces model.

7. A gap analysis is performed to identify the suitable ERP vendor for an organization.

8. A purchase requisition is a formal order sent to a supplier for the purchase of materials.

9. During the procurement process, the purchase requests that are generated using SAP are shared directly with suppliers.

10. A three-way check must be performed in a procurement process before posting an outgoing payment to a vendor.

True

1. Procurement is an operational process executed hundreds or thousands of times a day in a large organization.

Ans:True

2. Finding reliable suppliers is a procurement objective among organizations.

Ans:True

3. A company stores the products that it manufactures in its raw materials inventory.

Ans:False

4. Before the advent of SAP, most large organizations typically consolidated data in a single database.

Ans:False

5.Traditional procurement processes enabled the generation of real-time accounting reports.

Ans:False

6 The structure of an industry can be determined by using Porter's five forces model.

Ans:False

7. A gap analysis is performed to identify the suitable ERP vendor for an organization.

Ans:False

8. A purchase requisition is a formal order sent to a supplier for the purchase of materials.

Ans:False

9. During the procurement process, the purchase requests that are generated using SAP are shared directly with suppliers.

Ans:False

10. A three-way check must be performed in a procurement process before posting an outgoing payment to a vendor.

Ans:True

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