Supplier selection and evaluation MCQs in Supply Chain

MCQs on Supplier Selection and Evaluation in Supply Chain

1. What is the primary objective of supplier selection?
   • a) To reduce the number of suppliers
   • b) To ensure the lowest possible price
   • c) To identify the best supplier who meets the organization’s requirements
   • d) To expedite the procurement process
   • Answer: c) To identify the best supplier who meets the organization’s requirements
2. Which of the following factors is NOT typically considered in supplier selection?
   • a) Supplier’s financial stability
   • b) Supplier’s location
   • c) Supplier’s political affiliations
   • d) Supplier’s quality standards
   • Answer: c) Supplier’s political affiliations
3. What is the purpose of a supplier evaluation process?
   • a) To determine the supplier’s cost structure
   • b) To assess and monitor supplier performance
   • c) To increase the supplier’s market share
   • d) To integrate suppliers into the company’s management team
   • Answer: b) To assess and monitor supplier performance
4. Which tool is commonly used for comparing multiple suppliers based on various criteria?
   • a) SWOT analysis
   • b) Balanced scorecard
   • c) Supplier scorecard
   • d) Cost-benefit analysis
   • Answer: c) Supplier scorecard
5. Which of the following is a qualitative criterion for supplier evaluation?
   • a) Delivery performance
   • b) Product cost
   • c) Supplier reputation
   • d) Payment terms
   • Answer: c) Supplier reputation
6. What is the key benefit of conducting a supplier audit?
   • a) To negotiate better pricing terms
   • b) To ensure compliance with contractual obligations and quality standards
   • c) To extend the supplier base
   • d) To reduce procurement lead times
   • Answer: b) To ensure compliance with contractual obligations and quality standards
7. Which performance metric measures the percentage of orders delivered on time by the supplier?
   • a) Defect rate
   • b) Lead time
   • c) On-time delivery rate
   • d) Fill rate
   • Answer: c) On-time delivery rate
8. What is a common risk associated with single sourcing?
   • a) Improved supplier relationships
   • b) Increased dependency on one supplier
   • c) Higher negotiation power
   • d) Reduced procurement complexity
   • Answer: b) Increased dependency on one supplier
9. Which of the following is a financial criterion for evaluating suppliers?
   • a) Supplier’s production capacity
   • b) Supplier’s innovation capability
   • c) Supplier’s cost structure
   • d) Supplier’s geographical location
   • Answer: c) Supplier’s cost structure
10. What does the term “supplier development” refer to?
    • a) The process of terminating underperforming suppliers
    • b) The practice of working with suppliers to improve their performance and capabilities
    • c) The strategy of reducing the number of suppliers
    • d) The activity of outsourcing the procurement function
    • Answer: b) The practice of working with suppliers to improve their performance and capabilities

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