Global sourcing exam - Study guides, Class notes & Summaries

SCMN 2150 Exam 2 Robert Straw Questions and Answers Already Passed What is procurement? The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality What is strategic sourcing? an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company What is the difference between traditional purchasing and strategic sourcing? strategic sources seeks for continuous improvement What are t...

Dustin Cole SCMN 3730 Final Exam with Verified Answers Kraljic's purchasing matric High : Leverage, Strategic Low: Non- Critical, Critical/Bottle Neck Low,High Kraljic's purchasing requirements and focus - Strategic item's - Bottleneck item's - Leverage item's - non-critical item's Kraljic's management types - Focus - KPI - Typical Suppliers - Time Horizon - Item's purchased - Supply - Decision authority economies of scale Occur when costs per unit decline as th...

CIPS L4M8 LO2 Exam Questions and Answers 100% pass what are the stages of ordering? - Correct Answer ️️ -1) user need 2) raise requisition 3) approved process 4) issue PO 5) receive goods/service 6) approve invoice what are the stages of sourcing? - Correct Answer ️️ -1) understand the need 2) develop strategy 3) raise requisition 4) source suppliers 5) issue ITT/RFQ 6) negotiate and award contract 7) SRM/contract management in what locations can sourcing take place? - Cor...

MKT 310 MSU Exam 1 Questions & Answers 2024/2025 globalization - ANSWERSthe shift toward a more integrated and interdependent world economy globalization of markets - ANSWERSmerging of historically distinct and separate national markets into one huge global marketplace what are the most global of markets? - ANSWERSmarkets for industrial goods and materials. ex: aluminum, oil, wheat what assets to firms bring with them have served them well in other national markets? - ANSWERSthe...

LSCM Exam 1 2024 with 100% Correct Answers Landed costs are independent of sales/FOB terms. t/f - ANSWERSF An advantage of e-sourcing and e-procurement is that there is little risk involved t/f - ANSWERSF e-Sourcing and e-procurement are the same t/f - ANSWERST The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis t/f - ANSWERSF It is predicted that social networks such as Facebook and Twitter will influence s...

Global Operations & Supply Chain Management Final Exam || Questions & Answers on MCQ, Descriptive and Numerical (Graded A+) Global Operations & Supply Chain Management Final Exam || Questions & Answers on MCQ, Descriptive and Numerical (Graded A+) What does operations and supply chain management involve? (6 elements) - ANSWER - product design purchasing manufacturing service operations logistics distribution Describe what operations and supply chain management is. - ANSWER - It ...

SCMN 2150 Exam 3 Latest Version Graded A+ This software facilitates improved performance of day-to-day operating tasks from the time a purchase order for materials is placed until the delivery of a customer order is made. supply chain execution A properly developed supply chain wide technology strategy supports multiple levels of decision making and creates a clear view of the flow of products, information, and services across the supply chain True Data that is ____ must come be una...

BSNS 111 - Exam Prep Questions And Correct Answers. Over 280 Questions And Correct Answers. With Complete Verified Solution Updated 2024. Bullseye (Sustainability Model) 1. Economy 2. Society 3. Environment Friedman Doctrine Maximise profits, but do so within the rules of the game. Rules of the game Refers to rules which are unwritten, e.g. ethics and attitude, and those laws by govt. Invisible Hand Adam Smith - everyone acting in their own self interest will positively effect societ...

KIM EXAM 1 MAN 3600 QUESTIONS AND ANSWERS 100% SOLVED The Nature of International Business - all value-adding activities (including sourcing, manufacturing, and marketing ) can be performed in international locations. What can international trade involve? Products, services, capital, technology, know-how, and labor. How do firms internationalize? through various entry strategies, such as exporting and foreign direct investment (FDI) Dimensions of International Business - Globalizati...

Global Sourcing Final UPDATED Exam Questions and CORRECT Answers What percent of apparel consumed by the US is made here in the US? - Correct Answer- 3% The textile and apparel industry is worth how much money? - Correct Answer- 3 trillion dollars How many people in the world work in an industry that is part of or relates to the fashion industry? - Correct Answer- 1 and 6 people