Purchasing Fundamentals Assessment

  • $10.00

The purchasing fundamentals assessment 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 assessment is appropriate for the assessment taker with one year of basic purchasing experience, but intermediate and advanced questions are included in order to give the assessment taker the opportunity to reveal advanced potential and skills. Ethics are an important aspect of purchasing and ethical assessment questions are included under the policy questions task set.

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

Number of questions 46
Test format Multiple-Choice
Time to complete Varies by skill
Topics covered Inventory Management
Purchasing Function
Purchasing Policies
Purchasing Vocabulary
Technical Skills
Vendor Management
Tasks tested Bill of Materials
Break-Even Cost Analysis
Build Vendor Relationship
Calculate Inventory Months on Hand
Calculate Price Percent Increase
Capital Purchase
Compare Vendor Quality
Defective Material
Detail of a Purchase Order
Determine Purchase Quantity
Economic Order Quantity
Evaluate Supplier Quality Control
Evaluate Vendor Financial Health
Expediting an Order
Familiarity with Freight Terms
Familiarity with MRP
Goal of Vendor Negotiation
Importance of Documentation
Inventory Costs
Inventory Turns
Knowledge of Purchase Orders
Lead Time
Maintenance, Repair, and Operations Items
Negotiating Leverage
Opportunity Cost
Prepare RFQ
Purchase a New Product
Purchase Level Authority
Purchase Order and Purchase Requisition
Purchase Order Follow-Up
Purchase Requirements Including Scrap
Purchase Savings
Purchasing Ethics
Purchasing Objectives
Purchasing Rates
Purchasing Role in the Invoice Process
Reduce Chance of Out of Stock
Reduce Vendor Risk
Request Return Authorization
Statement of Work
Total Purchase Cost
Understand Payment Terms
Value of Physical Inventories
Vendor Interactions
WIP Inventory
Working with Sales Department Requests
Supported languages ๐Ÿ‡บ๐Ÿ‡ธ English (en_US)