Procurement professional are focused on the total cost of ownership (TCO) in their vendor selection strategies. This implies that:

• A.procurement is decreasing its emphasis on the importance of vendor certification and audit programs.
• B.procurement is now increasingly charged with pushing back inventory to vendors.
• C.there is increased consideration of trade-offs among purchase price, quality, and vendor capability.
• D.there is increased emphasis on procuring at the lowest purchase price possible.

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What is the primary value-added service that a company would receive from using land-bridge services?

• A.Reduced risk
• B.Increased capacity
• C.Reduced transit time
• D.Increased reliability

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A warehouse manager is performing an ABC segmentation of the products in the warehouse. Based on the three items shown below, what is the correct warehouse segmentation for these items from the warehouse manager's perspective?

• A.A = Product Y, B = Product Z, C = Product X
• B.A = Product Z, B = Product Y, C = Product X
• C.A = Product X, B = Product Z, C = Product Y
• D.A = Product Z, B = Product X, C = Product Y

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Which of the following terms refer to the contract leasing of an airplane where only the equipment, maintenance, and insurance are included?

• A.Damp lease
• B.Wet lease
• C.ACMI lease
• D.Dry lease

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Which of the following modes of transportation is characterized as having the highest fixed cost and lowest variable cost?

• A.Pipeline
• B.Rail
• C.Water
• D.Air

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