Chapter 4 Procurement and Supply Management

1
Chapter 4 Procurement and Supply Management

• Materials management can be described as the
  planning and control of the flow of materials
  that are a part of the inbound logistics system.
• True
• Procurement and materials management are related
  activities in supply chain management.
• True

2
Chapter 4 Procurement and Supply Management

• The three types of purchases in procurement are
• New buy
• Straight rebuy
• Modified rebuy
• The four price types in procurement are
• Commodity market
• Price list
• Price quotations
• Negotiation

3
Chapter 4 Procurement and Supply Management

• It is not necessary to identify all possible
  suppliers in the straight rebuy.
• True
• Effective supply chain management requires
  careful coordination of the inbound system of
  logistics, which is frequently referred to as
  physical distribution, and the outbound system,
  which is usually called materials management.
• False