dolution

1. Supply management is applicable to both private and public sector organizations.

   True

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   False

QUESTION 2

1. A request for information (RFI) becomes a binding contract after the requested information has been submitted by the vendor.

   True

   False

QUESTION 3

1. An RFP is initiated by the buying company and it stands for “request for project”.

   True

   False

QUESTION 4

1. An RFP for public sector procurement is made available only to a select group of top performing suppliers.

   True

   False

QUESTION 5

1. An RFQ is initiated when the buyer is mainly interested in the price offered by the bidders.

   True

   False

QUESTION 6

1. Supply base rationalization involves reducing the number of suppliers to focus on top performing core suppliers.

   True

   False

QUESTION 7

1. A make-to-order (MTO) business tends to have mostly raw material inventory.

   True

   False

QUESTION 8

1. A make-to-stock (MTS) process can be observed in building custom homes.

   True

   False