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Sample Questions - SOURCING MANAGEMENT-1

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Mukesh Kumar
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12 views

Sample Questions - SOURCING MANAGEMENT-1

Uploaded by

Mukesh Kumar
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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SOURCING MANAGEMENT

PROBABLE SAMPLE QUESTIONS

MODULE - 1
Short Question Type
1. What is global sourcing?
2. Define strategic sourcing.
3. Define opportunity analysis in sourcing.
4. Gap analysis in sourcing
5. Define strategic alliance.
6. What is joint venture in sourcing?
7. What is Business Process outsourcing?
8. What is the concept of co-sourcing in Sourcing management?
9. Why do we follow negotiation in sourcing management?
10. What is Request for Proposal in negotiation Strategy?
11. What is cross-cultural negotiation?
12. What is supplier performance evaluation?
13. Why do risk analysis is important in sourcing management?
14. What is risk triggering?
15. What is contingency plan in sourcing management?
16. What is risk management technique in international business?

Long Question Type


1. Strategic sourcing is the major key to maximize value based productive system.
Illustrate with suitable example.
2. What is Strategic sourcing planning? Explain in details.
3. What is Opportunity analysis in sourcing? Illustrate in details.
4. Global operational sourcing strategy is the major interconnectivity in operation
field. Explain with example.
5. What is sourcing risk? Explain steps for its mitigation.
6. What is negotiation in sourcing? Why it is important? Explain its nature with
planning strategy.
7. Explain in steps with negotiation strategy development.
8. What is supplier performance evaluation? Why? Explain in detailed processing
steps.
9. Managing international business sourcing is a challenge in operational
prospective. Is it true? Illustrate your answer with suitable justification.
10. What is risk in international sourcing? Illustrate detailed methods for
international business management.
11. Supply chain management is directly proportional to sourcing management.
Illustrate.
12. What are the roles that outsourcing and procurement play in the supply chain?
Explain the risks and benefits of outsourcing.
13. What is negotiation? Explain the various negotiation strategies and persuasion
techniques.

MODULE - 2
Short Question Type
1. Why do we do vendor rating in sourcing management?
2. Highlight some rating plans of vendor in sourcing management
3. What is cost ratio method in vendor rating?
4. What is inventory turnover ratio?
5. What is receivable turnover ratio?
6. Why do we consider quality management process in sourcing management?
7. What is value based factors in sourcing planning and highlight with some
examples.
8. What is supplier score card?
9. What is contract negotiation process?
10. What is request for proposal?

Long Question Type


1. Vendor rating is essential for cost cutting process of sourcing. Are you agreeing
on it? Illustrate with detailed explanation.
2. What is self-certified vendor management? Why it is? Explain with detailed
steps. Explain also factors responsible for it.
3. Explain methodologies for major vendor rating plan. In details.
4. Supplier evaluation and selection are the major ingredients for cost saving and
effective
5. What is quality performance? Explain in details
6. What is value based supplier selection? Why it is important?
7. Explain Supplier score card method in details.
8. Explain contract negotiation in details with examples.
9. Elucidate solicitation and bid selection process in sourcing in details. Also explain
solicitation methods in details.
10. What is contract negotiation? Explain with detailed process.

MODULE - 3
Short Question Type
1. What is green sourcing?
2. What is sustainable sourcing?
3. What is E-sourcing?
4. What is learning curve? how does it help in sourcing?
5. What is the advantages and disadvantages of quantity discount model?
6. What is sourcing sustainability
7. What do you mean by foreign exchange currency management?
8. How does foreign exchange currency management help in procurement and
sourcing?
9. Discuss advantages and disadvantages of foreign exchange currency in brief.
10. What is EOQ?
11. How EOQ can be used in a quantity discount model?
12. What is sourcing risk?

Long Question Type


1. What is learning curve and explain its utilization in sourcing.
2. What is quantity discount model? Example;
Demand for a product is 25 Tones/day and there are 200
Working days/year=D= 25x200= 5000
Ordering cost is Rs. 48/order=S=48
Carrying cost is Rs.2/unit/Year=H=2
Price Schedule is as follows:
Quantity (Q) Price (P)
600 - ….. 8
400 – 599 9
0 - 399 10

What is the best quantity that we could order to minimize our total annual
cost? Solve this. (numerical)
1. Discuss the advantages and disadvantages of E Sourcing in details.
2. Sustainability in sourcing is the need of hour. elucidate
3. What is integrative pacific systems in sourcing and explain its components
elaborately.
4. Explain sourcing risks and its mitigation strategy
5. Why do we have to do Supplier financial analysis?
6. Green sourcing is the environmental sustainable concept. Why do corporates
nowadays mandate this?
7. Is there any linkage between foreign exchange management and sourcing? if yes
then justify with good illustration
8. Explain supplier score card system in details.

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