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SCM 303 Exam 3 MSU Fall 19 Latest Update With Complete Solutions
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SCM 303 Exam 3 MSU Fall 19 Latest Update With Complete Solutions...
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SCM 303 Exam 3 MSU Fall 19 Latest Update WithComplete Solutions
The use of the concepts of purchasing, procurement, supply and supply chain
management will vary from organization to organization depending on: - ANSWER the
organization's stage of development and/or sophistication, the industry in which they
operate and the organization's competitive position.
Interest in the supply function as a managerial activity began - ANSWER during World
Wars I and II because of global materials shortages.
In manufacturing organizations, what percentage of revenues do the dollars spent with
suppliers fall into? - ANSWER 50-80%
Supply Chain Management - ANSWER a systems approach to managing the flow of
information, materials and services from tiers of suppliers through the buying
organization to tiers of customers
Supply manaement has evolved from a transaction-based, tactical function to a
process-oriented, strategic functions - ANSWER True
A zero defects quality strategy emphasizes - ANSWER "do it right the first time"
environmental change strategies - ANSWER Designed to anticipate and recognize shifts
in the total environment, economic, organizational, people, legal, governmental
regulations and controls, and systems availability
Most organizational objectives can be summarized under four categories - ANSWER
survival, growth, financial and sustainability
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