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SCM 303 Exam 3 MSU Fall 19 questions with complete solutions 2024.docx
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SCM 303 Exam 3 MSU Fall 19 questions with complete solutions
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SCM 303 Exam 3 MSU Fall 19 questionswith complete solutions 2024
The juse jof jthe jconcepts jof jpurchasing, jprocurement, jsupply, jand jsupply jchain
jmanagement jwill jvary jfrom jorganization jto jorganization jdepending jon: j-
jANS✓✓-the jorganization's jstage jof jdevelopment jand/or jsophistication, jthe
jindustry jin jwhich jthey joperate jand jthe jorganization's jcompetitive jposition.
Interest jin jthe jsupply jfunction jas ja jmanagerial jactivity jbegan j- jANS✓✓-during
jWorld jWars jI jand jII jbecause jof jglobal jmaterials jshortages.
In jmanufacturing jorganizations, jthe jdollars jspent jwith jsuppliers jfall jinto jwhat
jrange jas ja jpercent jof jrevenues? j- jANS✓✓-50-80%
Supply jChain jManagement j- jANS✓✓-a jsystems japproach jto jmanaging jthe jflow
jof jinformation, jmaterials jand jservices jfrom jtiers jof jsuppliers jthrough jthe
jbuying jorganization jto jtiers jof jcustomers
Supply jmanaement jhas jevolved jfrom ja jtransaction-based, jtactical jfunction jto ja
jprocess-oriented, jstrategic jfunctions j- jANS✓✓-True
A jzero jdefects jquality jstrategy jemphasizes j- jANS✓✓-"do jit jright jthe jfirst jtime"
environmental jchange jstrategies j- jANS✓✓-Designed jto janticipate jand
jrecognize jshifts jin jthe jtotal jenvironment, jeconomic, jorganizational, jpeople,
jlegal, jgovernmental jregulations jand jcontrols, jand jsystems javailability
Most jorganizational jobjectives jcan jbe jsummarized junder jfour jcategories j-
jANS✓✓-survival, jgrowth, jfinancial jand jsustainability
The jkey jquestion jin jstrategic jsupply jmanagement jis: j- jANS✓✓-How jcan jsupply
jand jsupply jchains jcontribute jeffectively jto jorganizational jobjectives jand
jstrategy?
Subcontracting jrefers jto jthe jpractice jof: j- jANS✓✓-a jprime jcontractor jbidding
jout jpart jof ja jjob jto janother jcontractor.
Privatization jis j- jANS✓✓-term jused jfor joutsourcing jin jthe jpublic jsector
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