SCMN 3730 EXAM 1 NEWEST 2024-2025 ACTUAL
EXAM COMPLETE 70 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
What could be wrong with former employees representing
suppliers? - CORRECT ANSWER-Access to insider knowledge
Intimate knowledge of policies and procedures
Relationships with buyer's personnel
What are some steps that a policy in support of minority
suppliers might include? - CORRECT ANSWER--Include
minority suppliers in all RFQs without exception
-Set forth management's commitment on this subject.
-Evaluate the performance potential of small and disadvantaged
suppliers to identify those qualifying for supplier assistance.
-invite small and disadvantaged suppliers to bid on purchase
contracts.
-Establish a minimum percentage of business to award to
qualified small and dis- advantaged suppliers.
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-Outline a training program to educate buyers regarding the
needs of the small and disadvantaged suppliers.
a business's concern for society's welfare - CORRECT
ANSWER-Corporate Social Responsibility
What are Purchase Orders, and what departments in addition to
Purchasing need visibility to them? - CORRECT ANSWER-
Drafted after supplier evaluation and selection is completed
Legally-binding document (i.e., contract)
Carefully define terms and conditions
Standard legal language (i.e., "boilerplate")
Offer and acceptance
Visibility throughout company
Accounting (accounts payable)Requisitioner or requesting
department Receiving Traffic management Supply management
Quality control
What are some examples of irregular business dealings? -
CORRECT ANSWER-Accepting bribes or kickbacks
Cronyism
Accepting late bids
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Owning a stake in supplier's company
Other behavior not considered part of the "normal" course of
doing business
What are elements of supply integration? - CORRECT
ANSWER-People coming together work together on a strategy
or solve a problem
Different people bringing different points of view to table
Team members often located all over the globe
Need to create common understanding of end goal or purpose
What is meant by collaboration? - CORRECT ANSWER-
Process by which two or more parties adopt a high level of
purposeful cooperation to maintain trading relationship over
time
What are the characteristics of a collaborative buyer-seller
relationship? - CORRECT ANSWER-One or limited number of
suppliers for each purchased item or family of items
Win-win approach to reward sharing
Joint efforts to improve supplier performance
Joint efforts to resolve disputes
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