SCM 4351 Final Exam || with Accurate Answers 100%.
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Course
SCM 4351
Institution
SCM 4351
Sources for Supplier Selection correct answers Directories:
-Largest, most comprehensive directory available for identifying information on North American suppliers
-ISM:
-10-K, 10-Q, D&B (Dunn and Bradstreet), TWR Credit Reports
Steps to Reducing Supplier Pool correct answers 1. Financi...
SCM 4351 Final Exam || with Accurate Answers 100%.
Sources for Supplier Selection correct answers Directories: www.thomasnet.com
-Largest, most comprehensive directory available for identifying information on North American
suppliers
-ISM: www.ism.ws/supplierdirectory
-10-K, 10-Q, D&B (Dunn and Bradstreet), TWR Credit Reports
Steps to Reducing Supplier Pool correct answers 1. Financial Assessment (Ratio analysis and Z-
score analysis)
2. Vendor score-carding (Optimizing the Supply Base)
3. Facility Visits
Supplier Rationalization correct answers Optimizing the number of suppliers who receive a
portion of the supply contract to maximize leverage, without significantly increasing supply
disruption risks
Optimizing the Supply Base (Supplier Rationalization) correct answers -Optimization: making
something as perfect, effective, or functional as possible
-Note: Often associated with supply base reduction due to the fact that many U.S. firms have
historically maintained very large supply bases
Supplier Redundancy correct answers -Risk mitigation (having a backup supplier)
-Supply risk goes down (having other option)
-Ensures competition among suppliers
Sole Source correct answers Only one known source exists or only one single supplier can fulfill
the requirements
Single Source correct answers A supplier is purposefully chosen by the buying organization,
even when other suppliers are available
Financial Ratio Analysis correct answers 1. Liquidity Ratio
2. Leverage Ratio
3. Activity Ratio
4. Profitability Ratio
Liquidity Ratio correct answers -How capable is the supplier in meeting its short-term cash needs
-i.e. Current Ratio, Quick Ratio
-"CASH"
Leverage Ratio correct answers -Is the supplier capable of paying its debt obligations?
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