Purchasing Fundamentals Assessment

$16.00

Purchasing Fundamentals Assessment

$16.00
description

The purchasing fundamentals test covers various aspects of the purchasing profession. Areas tested include understanding the purchasing function, working vocabulary, purchasing policies, inventory management, vendor management, negotiation skills, and technical skills. The test is appropriate for the test taker with one year of basic purchasing experience, but intermediate and advanced questions are included in order to give the test taker the opportunity to reveal advanced potential and skills. Ethics are an important aspect of purchasing and ethical test questions are included under the policy questions task set.

Tests for Office Management Skills, Office Math Skills and Math Word Problems are also available.

 

Total Questions 46
Question Types Multiple Choice
Competencies Tested Purchasing Vocabulary
Purchasing Function
Purchasing Policies
Inventory Management
Vendor Management
Technical Skills
Tasks Tested Bill of Materials
Purchase Order and Purchase Requisition
Prepare RFQ
Maintenance, Repair, and Operations Items
Understand Payment Terms
Familiarity with Freight Terms
Capital Purchase
Lead Time
Detail of a Purchase Order
Purchasing Objectives
Working with Sales Department Requests
Purchase a New Product
Knowledge of Purchase Orders
Expediting an Order
Purchase Level Authority
Purchase Order Follow-Up
Vendor Interactions
Importance of Documentation
Request Return Authorization
Statement of Work
Purchasing Ethics
Purchasing Role in the Invoice Process
Defective Material
Value of Physical Inventories
WIP Inventory
Opportunity Cost
Familiarity with MRP
Inventory Costs
Reduce Chance of Out of Stock
Reduce Vendor Risk
Goal of Vendor Negotiation
Compare Vendor Quality
Negotiating Leverage
Evaluate Vendor Financial Health
Build Vendor Relationship
Purchasing Rates
Evaluate Supplier Quality Control
Inventory Turns
Calculate Inventory Months on Hand
Purchase Savings
Total Purchase Cost
Determine Purchase Quantity
Break-Even Cost Analysis
Purchase Requirements Including Scrap
Calculate Price Percent Increase
Economic Order Quantity