SCMN 3150 test 2 || Questions and 100% Verified Answers.
0 view 0 purchase
Course
SCMN 3150
Institution
SCMN 3150
What is procurement? correct answers - the purchase of merchandize or services at the optimum possible total cost in the correct amount and quality
--> Best price, quantity, and quality
--> day to day purchasing function
What is Strategic Sourcing? correct answers institutional procurem...
SCMN 3150 test 2 || Questions and 100% Verified Answers.
What is procurement? correct answers - the purchase of merchandize or services at the optimum
possible total cost in the correct amount and quality
--> Best price, quantity, and quality
--> day to day purchasing function
What is Strategic Sourcing? correct answers institutional procurement process that continuously
improves and re-evaluates the purchasing activities of a company.
-->focuses on improving procurement process
What is Outsourcing? correct answers (a strategic sourcing practice) Purchasing a product, part,
or component from an outside supplier vs. manufacturing it in-house
risks in outsourcing correct answers insufficient supply, poor quality supply, long supply lead
times
"make or buy" analysis definition correct answers Process of comparing make "internal
manufacturing" vs. buy "external manufacturing"
6 Reasons to buy: (From supplier "Outsource") correct answers i. Low purchase cost
ii. Lack of capacity
iii. Want to access skill - outsource to experts
iv. Reduce inventory costs
v. Management focus managing the product rather then manufacturing
vi. Patent issues
6 Reasons to make: (In-house) correct answers i. DIY: Lower cost - cheaper in-house
ii. No capable suppliers
iii. Inadequate supply
iv. Competitive issues - secret process to build the product
v. Core competencies
vi. Specialization
what is production? correct answers The process by which inputs are combined, transformed,
and turned into outputs. We can produce both goods and services
production's 3 components correct answers -input = A resource used in the creation of output
-transformation = The operation or action that takes place, "verb" in manufacturing (Forming,
painting, assembling, packaging, etc.)
-output =What is created by transforming the inputs, they may be goods, services, information,
or a combination of the three
Lean production correct answers - Business model that emphasizes eliminating "waste" while
delivering quality products at the least cost to the manufacturer and customers
- organizations let demand drive process utilization
, Lean production Goal and 3 ways to reach it correct answers Elimination of waste (anything that
the customer is not willing to pay for - extra features or documentation) in a product effort
1. Cut down on production resources requirements (people, materials, equipment overall)
2. Increase manufacturing flexibility and velocity
3. Improve quality & eliminate defects
8 types of waste or "Muda" (Chinese) correct answers 1. Overproduction
2. Motion
3. Inventory
4. Waiting time
5. Transportation
6. Defects (If you do all these but NOT #6 then your processes will be faster and cheaper, but
NOT better)
7. Extra processing
8. Under-utilized people
Mass customization strategy and requirements correct answers Postponement/delayed
differentiation
Delay final form of product as long as it is economically feasible. Wait until:
- Orders are placed
- Manufacturing is near completion
- Product is in/close to market
- Forecast is more accurate
Requirements
•Re-sequence process to delay differentiation
•Use common components as much as possible
•Use modules to create differentiation
5 production processes correct answers project focus
work center
cell (<-- don't have to know)
assembly line
continuous flow
production process - project focus correct answers - Situation where you have very unique
activities, one of a kind product, bringing equipment and workers to the project location (Ex.
Construction
1. All of the activities revolve around one location
-Lots of customization
-Skilled Labor that come and goes as they are needed
production process - work center correct answers Manufacturing structure that provides a lot of
flexibility to make a wide variety of products in a limited work area and volume (Ex.) Bakery
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller FullyFocus. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.29. You're not tied to anything after your purchase.
