Q. The relationship between supplier and buyer should have trust and dedication to common goals and objectives.

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Q. The Japanese partnering concept is _______

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Q. Continuous improvement of products or services is a consequence of good supplier buyer relationship.

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Q. Which of the following is not a benefit of supplier buyer relationship?

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Q. Which of the following is not a benefit of supplier buyer relationship?

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Q. Why is long term commitment important in supplier buyer relationship?

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Q. Which of the following is not a consequence of mutual trust between suppliers and buyers?

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Q. Shared vision is also known as ____________

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Q. Which of the following is not a key element in supplier customer partnering?

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Q. What do you mean by supplier sourcing?

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Q. Which of the following is not a type of supplier sourcing?

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Q. _______ is the practice of utilizing only one supplier for the organization.

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Q. What is the reason for the forced situation of sticking to only one supplier for the organization in sole sourcing?

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Q. ________ is the practice of utilizing two or more suppliers for an item.

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Q. What is the idea behind multiple sourcing?

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Q. _______ is the practice of utilizing only one supplier for an item when several sources are available.

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Q. ________ leads to the outcome of long-term partnering relationship.

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Q. Two suppliers A and B deliver the same raw materials for production company Z. The price offered by supplier A is less compared to the price offered by supplier B. Which supplier should the company choose?

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Q. Two suppliers A and B deliver the same raw materials for production company Z. The price offered by supplier A is less compared to the price offered by supplier B. The quality of both the raw materials is the same. Which supplier should the company choose considering other factors remaining the same for both of them?

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Q. Which of the following is not the primary factor on which the supplier is selected by an organization?

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