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SCMN 3730 EXAM 1 2024/2025 || WITH QUESTIONS AND CORRECT ANSWERS GRADED A || DOWNLOAD AND PASS
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SCMN 3730 EXAM 1 2024/2025 || WITH QUESTIONS AND CORRECT ANSWERS GRADED A || DOWNLOAD AND PASS
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SCMN 3730 EXAM 1 2024/2025 || WITH QUESTIONS ANDCORRECT ANSWERS GRADED A || DOWNLOAD AND
PASS
what are the features of the new model of progressive purchasing? - CORRECT ANSWER ; 1.
closer relationships with important suppliers
2. performing due diligence on suppliers before awarding long-term contracts
3. conducting worldwide searches for the best sources of supply
4. inviting key suppliers to participate in produce & process development
what is meant by direct materials? - CORRECT ANSWER ; items provided by suppliers &
used directly during production or service delivery
ex: raw materials, components & sub assemblies
what is meant by indirect materials & services? - CORRECT ANSWER ; the sum of all
purchased goods & services that are not a direct, identifiable part of products or services
delivered to the customer
ex: transportation, 3PL logistics services, office supplies
what is the average percentage of purchases to sales in the manufacturing sector? - CORRECT
ANSWER ; 55%
explain the relationship between outsourcing & core competencies - CORRECT ANSWER ; -
availability of low-cost alternatives has led to shifts toward outsourcing & offshoring activities
- must now evaluate the economics of re-shoring & near-shoring
, what is the difference between purchasing/procurement & supply management? - CORRECT
ANSWER ;
what is meant by the term cross-functional? - CORRECT ANSWER ; involves purchasing,
engineering, supplier quality assurance, the supplier, & other related functions working together
as one team, early on, to further mutual goals
what factors are driving an emphasis on supply chain management? - CORRECT ANSWER ;
what are the 4 pillars of purchasing & supply chain management? - CORRECT ANSWER ; -
human resources
- organizational design
- information technology
- measurement
definition of supply management - CORRECT ANSWER ; involves proactively managing the
two-way movement & coordination of goods, services, information & funds from raw material
through end user
why is purchasing important? - CORRECT ANSWER ; - increasing value & savings
- building relationships & driving innovation
- improving quality & reputation
- reducing time-to-market
- managing supplier risk
- generating economic impact
- contributing to competitive advantage
what is maverick buying? - CORRECT ANSWER ; when failing to respond to the needs of
internal customers will diminish the confidence these users have in purchasing, so they then try
to negotiate contracts themselves
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