Mcq on vendor management

Which of the following is NOT a layer within a multi-layer service level agreement? How would a Centralized Service Desk be described? Show Answer Answer : How do we get there? Which type of metric is frequently associated with application-based metrics? A measure of whether the objective has been achieved is called effectiveness, 2.

A measure of whether right amount of resources has been used to deliver an output is called efficiency a Both 1 and 2 are correct b Both 1 and 2 are incorrect c Statement 1 is correct d Statement 2 is correct Show Answer Answer : Both 1 and 2 are correct Question.

Show Answer Answer : What is the vision? The organization is in the process of drafting SLAs.

mcq on vendor management

What is the BEST way of dealing with this limited measurement capability in the short to medium term? Which process is responsible for this? A service level agreement is a written agreement between the service provider and the customers.

Negotiation of service levels must involve the customers of the services involved 3. Which of the above are correct? Functions are logical concept covering people and technology to perform tasks from a defined process on an ongoing basis, 2.

Purchasing and Vendor Management Mock Test

Departments are the formal organization formed to perform task from predefined process on an ongoing basis a Statement 1 is correct b Statement 2 is correct c Statements 1 and 2 are correct d Statements 1 and 2 are incorrect Show Answer Answer : Statements 1 and 2 are correct Question.

In which ITIL process is this employee now playing a role? As a result, monthly invoicing has come to a standstill. This has very radical consequences for the business and has been reported as an incident. According to ITIL best practices, what should happen next? Which of the following answers specifies the correct sequence for these steps? Which step in this model must be taken first? What information is this? What criterion defines a category for a change?

A Service Desk representative determines that the PC is defective and indicates that according to the services catalogue, the PC will be replaced within three hours. Which of these statements is correct? Are these statements correct? This produces data for which processes? Which ITIL process is designed to achieve this desired outcome? Which term is applicable to this situation? Which ITIL process is responsible for solving these difficulties on a structural basis?

Before the actual implementation takes place, the plan of approach for achieving the implementation is discussed. Under whose leadership is this discussion held?DBMS is a collection of computer programs that helps us to create and manage database. Database is collection of data and Managing database includes storing, querying, updation, and administration of databases.

End users interacts with a Databases with the help of a computer software application called front-end application, like forms, touch screens, etc. However, most of the web application uses MySql as backend database. Here you will find a list of common important questions on database management system in MCQ quiz style with answer for competitive exams and interviews.

These frequently asked sample questions on DBMS are given with correct choice of answer that you can check instantly. Presently we have added total 4 sets of questions on database management system for you to practice. We will keep adding more questions and provide this question bank in PDF format, so that you can download them instantly in E-book style.

Following section consists of some important multiple choice questions mcq on database management system with answers. Answer : One teacher can have many classes [Option : B].

Answer : Child [Option : B]. Answer : Data Definition [Option : A]. Answer : Query [Option : B].

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If you spot any typographical, grammatical or factual error in our site, then please let us know. Thanks in advance. Database Management System Tweet. One class may have many teachers. One teacher can have many classes. Many classes may have many teachers. Many teachers may have many classes.The terms 'purchasing' and 'procurement' are often used synonymously but which of the following statements provides a more refined distinction? There are also different types or applications.

Which one of these enables the purchasing company to buy goods and services that have the lowest price or combination of lowest price and other conditions through Internet technology? E-sourcing E-reverse auction E-informing E-tendering A recent study in reviewed the business benefits of adopting e-procurement and concluded that there were five key drivers. Supplier management - reduced supplier numbers Process - reduced cycle time Control - lower levels of compliance and need for budgetary control Cost - improved through buyer leverage To assess any new initiative, some evaluative process needs to take place.

Vendor Management

Riggins and Mitra recently created an evaluative framework that can be used for evaluating e-supply chain management as well as e-procurement. Some of the main dimensions are below but which one would contain the benefit of vendor-managed inventory?

Outbound Development Planning Inbound Production Match these different types of procurement to the Efficiency value creation factors of the e-business e-value grid of Riggins and Mitra A matching question presents 5 answer choices and 5 items.

The answer choices are lettered A through E.

mcq on vendor management

The items are numbered 6. Screen readers will read the answer choices first. Then each item will be presented along with a select menu for choosing an answer choice.

Using the pull-down menus, match each item in the left column to the corresponding item in the right column. Some of these are specific to e-procurement while others are more general limitations to e-business adoption.

Which of the following is not a specific e-procurement issue? Positive negative perceptions from suppliers Cost of implementation and managing change Creation of catalogues can be a long and costly process Positive negative perceptions from suppliers There are different information systems which can be used to show the processing steps that takes place within a fulfillment cycle.

Which sequence is most typical of the procurement process? Originator to buyer to approver to supplier Supplier to originator to approver to buyer Approver to originator to buyer to supplier Originator to approver to buyer to supplier None of the above Integrating company systems with supplier systems can prove to be very difficult, one reason being that that so many different types of systems and models. Chapter 2 examined three such models - B2B e-commerce, buy-side and marketplace-based.

One solution is where a purchasing company can access a dynamic real-time catalogue hosted by a supplier or intermediary containing detailed information, pricing and product images. What is this catalogue generally known as? Punchout catalogue B2B e-catalogue Standardised interface catalogue Consolidated catalogue When assessing procurement model alternatives for buyers, what would be advantages to the buyer from an independent marketplace procurement model?

Potentially widest choice of suppliers, products and prices Often unified terms, conditions and order forms Simplicity All of the above Electronic B2B marketplaces can also be known as exchanges and hubs and they all refer to virtual locations with facilities to enable trading between buyers and sellers.

Recent research by Johnson examined reasons for the limited adoption of e-marketplaces. Variations include whether the marketplace is direct between buyer and seller or whether some degree of aggregation occurs. What term is used to describe volume discounts can be achieved through aggregation back through the supply chain from customers to suppliers?

Systematic sourcing B2B exchanges Forward aggregation Reverse aggregation Marketplaces can differ in how they buy as well as what they buy. Differences can also occur in whether the marketplace is direct between buyer and seller. Some marketplaces also differ in the range of services they offer and go beyond procurement to offer a range of services that integrate the supply chain.

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The following Clear Answers button is provided in its place and will clear your answers:. Student Resources. Chapter 7: E-procurement.The ability of a sampling plan to discriminate is described by its operating characteristic curve.

You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email. Assess yourself…. Control charts help in Reaching six sigma Rejecting parts supplied by vendors Keeping workers motivated Deciding when to investigate the process Zero defect production Q9.

A Pareto chart shows That the process is in control The vital few from the trivial many Process capability A line drawn as production proceeds Fraction defective Q The word Control implies Inspecting every item Plotting charts Using a signal to adjust the process Management by Objectives Team control the shop Q Sampling Inspection is uneconomical.

In Sampling inspection varying quality can be achieved by keeping sample procedure…….

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Risk is involved for ……………………. The AQL is the average outgoing quality level. Which is the correct listing of the elements of an acceptance sampling plan? C The lot size, sample size, and acceptance number. D The lot size, average outgoing quality, and the sample size.

The Beginner’s Guide to IT Vendor Management

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Embed Script. Size px x x x x Vaibhav C Gandhi Subscribe 0. Transitioning the information. Which of the following method is used to produce reports about data. Decision Support Systems. Executive Information Systems. All the above. Legacy system. Information system. Integrated data model. Data base.A Facilitate the decision-making process B Provide requisite information at each level of management C Support decision-making D recruit people for system.

mcq on vendor management

In the MIS system design, the sources of information may be categorized as …………… and …………… A internal, external B personal, organizational C useful, unuseful D constructive, destructive. What among the following are the primary characteristics that information must process? Which of the following models are developed on the principles of business management, accounting, and econometrics?

An …………………. A system is called ………………… when the inputs, process and the outputs are known with certainty. Which of the following is included in the Office automation systems? In a typical ……………. A client-server computing B cloud computing C mobile computing D data computing.

The ………………. A development process B business process C quality process D customer focus. D recruit people for system 2. A internal, external 3. A Only i, ii, and iii 4. B Management science models 5. A information system 6. B Deterministic 7. D All i, ii, iii, iv and v 8.

D All i, ii, iii, iv and v 9. A client-server computing B business process.Get our weekly newsletter for the latest business insights. The problem is, opening your enterprise up to this network could leave your data vulnerable and at risk for insecure exposure. Yet, these are only the core functions of IT vendor management. Vendor management is a process that allows organizations to control costs, strengthen service, and reduce risk throughout the process of outsourcing to vendors while extracting the most value from the investment.

In IT, this translates to implementing technologies, processes, policies, and procedures that support the needs of the business.

mcq on vendor management

Eliminating disruptions in customer service and internal operations, while ensuring the highest level of quality. This landscape is transforming the function of corporate IT to one that is heavily focused on vendor management and requires a deep understanding of contracts, technology, and finance.

Solved MCQ on Management Information Systems set-1

Determine your end goal and work backwards to identify budget, user requirements, and other considerations before the outset. Look back at your original vendor management strategy to help you make the best, most unbiased decision that accounts for all your selection criteria instead of just one i. While a potentially lengthy process, getting the contract right early on will ensure long-term success throughout your vendor partnership. Despite the already lengthy process, continuing to engage with your vendors is crucial to getting the most out of your relationship.

Doing so will ensure long-term benefits like trust and familiarity instead of regularly switching vendors for short-term gains that will end up costing you more money in the long run. Despite high potential gains, the failure rate of outsourcing remains high. This is mainly due to the ever-evolving nature of IT needs and requirements throughout the business, as well as lack of complete buy-in on the part of either the client or the vendor.

Yet, sourcing and vendor management SVM leaders still face more challenges in managing vendor relationships across the enterprise:. Evolving business and IT requirements. At the same time, IT must balance evolving business requirements with meeting the latest security standards. With so much red tape to cut through, focusing on innovation and collaborating with vendors becomes less of a priority.

Contract processes. Even SVMs with extensive IT contract knowledge which is rare can face procurement challenges when the process is managed by a completely different team usually in the finance department. This division may lead to discrepancies and inefficiencies in the drawing up of contracts, causing the SVMs heartburn down the road. As the number of vendors your enterprise requires increases, it becomes exponentially difficult to manage the procurement requirements, contract details, and owners throughout the company.

Vendor management allows CIOs and IT leaders to streamline the vendor procurement and relationship upkeep process with clear, consistent policies.


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