FINAL EXAM SCMN 3730 SOLUTIONS WITH ACTUAL CORRECT DETAILED ANSWERS
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Course
SCMN 3730
Institution
SCMN 3730
FINAL EXAM SCMN 3730 SOLUTIONS WITH ACTUAL CORRECT
DETAILED ANSWERSFINAL EXAM SCMN 3730 SOLUTIONS WITH ACTUAL CORRECT
DETAILED ANSWERSFINAL EXAM SCMN 3730 SOLUTIONS WITH ACTUAL CORRECT
DETAILED ANSWERSFINAL EXAM SCMN 3730 SOLUTIONS WITH ACTUAL CORRECT
DETAILED ANSWERSFINAL EXAM SCMN 3730 SO...
SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS
What are the primary steps in the strategic souring process? - ANSWER--Research & Analysis
-Initiative Planning
-Supplier Selection
-Contract Negotiation
What is the objective of the sourcing process? - ANSWER-To achieve the "lowest landed cost" position
for a specified product quality, quantity, and terms & conditions
direct vs. indirect purchases - ANSWER--Direct = Goes into final product (Wheels on a car)
~ raw materials, semi-finished products, finished products
-Indirect = Does not go into final product (Case for a phone)
~ Admin, EHS, Factory/Equipment, IT, etc
When developing an AS-IS spend company profile, what is meant by the analysis terms of number of
contracts, contract coverage and compliance? - ANSWER-AS-IS = how things are right now, how much
you are currently spending vs where you want to be in the future
-# of contracts = contracts in place (existing obligations)
-Contract compliance = contracts being utilized well
slide 24
, When developing a corporate AS-IS spend profile, how is a total spend vs. business importance quadrant
analysis used in evaluating sourcing categories management? - ANSWER-total spend - how much did we
spend on the goods?
What are the characteristics / value added benefits to each total spend vs. business importance
quadrant? - ANSWER-
How are SWOT and 5-Forces business tools used in developing a strategic sourcing strategy? - ANSWER-
Have to ensure you have the capabilities and strengths to strategically source; tells you what others are
doing too
What marketplace conditions exist to form a monopoly /oligopoly? - ANSWER--Monopoly = government
allows, little to no competition, one supplier
-Oligopoly = few sellers (actions affect prices and competitors)
What is a competitive market structure? What constitutes a buyer's and a seller's market? - ANSWER--
Competitive market structure = monopoly, oligopoly, perfect competition
-Buyer's market = Supply > Demand: pricing will go down
-Seller's market = Demand > Supply: pricing will go up
What conclusions can be drawn from the "Top 10 CPO Goals" survey? - ANSWER-Implemented cost
saving and ROI are most important factors
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