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Exam (elaborations)

SCM 300 Test 1 Questions with All Correct Answers

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SCM 300 Test 1 Questions with All Correct Answers foward integration - Answer-taking over supplychain responsibilities performed by downstream supply partners. backwards integration - Answer-taking over supply chain responsibilites formerly performed by upstream supply partners steps in the...

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  • August 15, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • scm 300
  • scm 300 test 1 questions with all correct answers

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  • SCM 300
  • SCM 300

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SCM 300 Test 1 Questions with All
Correct Answers

foward integration - Answer-taking over supplychain responsibilities performed by
downstream supply partners.

backwards integration - Answer-taking over supply chain responsibilites formerly
performed by upstream supply partners

steps in the purchasing process - Answer-1. requisition
2. supplier selection
3. place order
4. track order
5. recieve order

materials requisition MR - Answer-document used to initiate purchasing process

request for quotation RFQ - Answer-detailed quote that may include more than just per
unit price

Purchase order PO - Answer-contract that states the terms and condition of the order.

e procurement system - Answer-electronic system that can aid in submitting request for
materials, data etc

centralized purchasing - Answer-all corporate employees send materials requisitions to
a single purchasing department

advantages of decentralized purchasing - Answer--avoid duplication
-volume discouts
-consolidated shipping
-established supply base
-supply specialization

decentralized purchasing - Answer-all material requsitions are sent to a departmental
purchasing dept.

pros of decentralized purchasing - Answer--closer knowlege of requirements
-closer knowledge pf suppliers
-speed of purchase

, supplier base - Answer-established base of suppliers that company makes most of its
purchases

choosing a supplier - Answer--consumer needs
-cost quality speed flexibility
-technological capability
-location
-information technology system
-ability to innovate
-capacity potential
-2nd and 3rd tier suppliers
-reliability
-service

supplier scorecards - Answer-report card that can be used to communicate desires
before a sales presentation or shipment

snigle supplier - Answer--qty discount opportunities
-lowest total cost
-intellectual property advantages
-quality control
-better relationship management
-collaboration easier

multiple supplier - Answer--competition can breed innovation
-risk is sread out amongst suppliers
-capacity flexibility
-location advantages

key issues in considering a location - Answer--labor
-facility
-laws
-resource availibility
-local risks
-climate
-transportation
-trade agreements

established channels of distribution - Answer-help bring a product in the hands of buyer.
ex packaging companies, delivery companies, distribution centers.

established supplier base - Answer-will a company be willing to change previously
established suppliers

hypercompetitive markets - Answer-heavy competition, high competition

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