What is the top priority for purchasing activities? correct answers Cutting Costs
What is the average starting salary for a new supply chain management professional? correct answers $50,000
Kralijic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct answers S...
SCMN 3150 TEST 2 || A Verified A+ Pass.
What is the top priority for purchasing activities? correct answers Cutting Costs
What is the average starting salary for a new supply chain management professional? correct
answers $50,000
Kralijic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct
answers Supply risk and profit impact
The identification, acquisition, access, positioning and management of resources and related
capabilities the organization needs or potentially needs in the attainment of its strategic
objectives. correct answers Supply Management
What's the overriding goal in procurement? correct answers Lowest total cost of ownership
What is the final step in the procurement process? correct answers Evaluate supplier
performance
In which procurement step do you rate suppliers based on their capability, capacity, and past
performance? correct answers Evaluate Potential Suppliers
T/F According to this week's reading, the increased use of cloud-based technology for
procurement processes will increase the need for greater data security. correct answers True
Strategic sourcing focuses on all of the following EXCEPT:
a. Improving product quality
b. Improving processes
c. Minimizing unit cost
d. Increasing efficiency correct answers C. Minimizing unit cost
Why would a company choose to keep production in-house instead of buying them from an
external supplier? correct answers It has internal expertise and capacity
The purchase or a product, part, or component from an outside supplier versus manufacturing it
in-house is called: correct answers Outsourcing
Which manufacturing objective focuses on the ability to handle special requests and provide
agility? correct answers Flexibility objective
Finished goods, services, and parts that are created by the transformation process are called
________. correct answers Outputs
Which of the following is not a goal of production? correct answers Ridgity - singular focus on
efficiency
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