The Development of a Strategic Purchasing Plan Requires All of the Following

question 26

Multiple Choice

The development of a strategic purchasing plan requires all of the following with one exception. Which one is incorrect?

• A) A complete understanding of corporate strategies and marketing plans
• B) An extensive evaluation/study of current suppliers, how performance is measured, and the expectation of suppliers relative to the industry.
• C) Study of the degree of local purchasing opportunities.
• D) Identification of total costs associated with current purchasing department/function, budgets, staffing, and so forth.

---

Definitions:

Productivity

The measure of efficiency in converting inputs into useful outputs, often evaluated in terms of the amount of output produced per unit of input.

Reward Allocation Norms

Guidelines or principles that dictate how rewards such as recognition, salary increases, or promotions are distributed within an organization.

Social Loafing

The tendency of individuals to exert less effort on a task when working in a group than when working alone.

Motivation

The reason or reasons one has for acting or behaving in a particular way; the general desire or willingness of someone to do something.