SCMN 3730 EXAM 3 NEWEST 2024-2025 ACTUAL
EXAM COMPLETE 70 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
____________ involves commercial purchase transactions
between buyers and suppliers in different countries
a. outsourcing
b. offshoring
c. international purchasing
d. global sourcing
e. nearshoring
f. re-shoring - CORRECT ANSWER-international purchasing
____________ involves proactively integrating and coordinating
common items and materials, processes, designs, technologies,
and suppliers across worldwide purchasing, engineering, and
operating locations
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a. outsourcing
b. offshoring
c. international purchasing
d. global sourcing
e. nearshoring
f. re-shoring - CORRECT ANSWER-global sourcing
____________ involves relocating sources to countries
geographically closer to the U.S.
a. outsourcing
b. offshoring
c. international purchasing
d. global sourcing
e. nearshoring
f. re-shoring - CORRECT ANSWER-nearshoring
____________ involves bringing offshore sources back into the
U.S.
a. outsourcing
b. offshoring
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c. international purchasing
d. global sourcing
e. nearshoring
f. re-shoring - CORRECT ANSWER-re-shoring
Several studies have indicated that _____________ savings are
the number one reason for global sourcing. - CORRECT
ANSWER-Cost/price
These are benefits of....
1. Cost/price
2. Quality
3. Presence in Foreign Market
(May be producing your product in a foreign market, you can
expand your consumers to the foreign market, ex: iPhone)
4. Competition to Domestic Sources
(Keep competitive so you don't offshore the product)
5. Availability
(Maybe the product isn't here in the U.S., like lithium, source
this globally)
6. Access to Technology
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(Maybe there is only one country or region that offers
technology services you need)
7. Meeting Competitor Buyer Patterns
(Competitors buying cheaper products globally, therefore you're
forced to keep up) - CORRECT ANSWER-Benefits of
worldwide sourcing
These are challenges and barriers of....
1. Customs language and culture
(time zones)
2. Currency fluctuations
3. Increased supply risk
(long supply chain, make sure you have enough inventory)
4. Lack of skills
5. Resistance to change
6. Longer lead times
(Takes longer to get in U.S.) - CORRECT ANSWER-
Challenges and barriers of worldwide sourcing
What three countries are the top trading partners with U.S. based
on import value?
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