Scmn 3730 exam questions - Study guides, Class notes & Summaries

What types of problems can be hidden by high inventory levels? a. poor material quality b. inaccurate demand-forecasting systems c. unreliable supplier delivery d. all of the above e. none of the above f. a and b -Correct Answer all of the above Items purchased from suppliers or produced internally to directly go into production requirements. It includes items purchased in bulk or unfinished condition. Examples include bulk quantities of chemicals, resins, or petroleum. Semifinished...

SCMN 3730 EXAM 2 ACTUAL EXAM GUIDE 2025|BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE FOR Obstacles of complete contracts - ANSWER-- high transaction costs - high enforcement (or verification) costs Principle-agent problem - ANSWER-When the agent (worker or manager) doesn't act in the best interest of the principle (owner). Principal - ANSWER-Person whom the action affects Agent - ANSWER-Person who acts Agency Relation...

SCMN 3730 EXAM 1 ACTUAL EXAM GUIDE 2024|BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATES FOR what are the features of the new model of progressive purchasing? - 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...

SCMN 3730 EXAM 1 NEWEST ACTUAL EXAM COMPLETE 70 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

Global Sourcing Reasons for Expansion -Answer- 1. Increase revenue 2. Achieve economies of scale 3. Reduce direct cost 4. Advance technology 5. Reduce firm's global tax liability 6. Reduce market access uncertainty 7. Enhance sustainability What is the rational for increased revenue? -Answer- -open up more markets -expand beyond competitors -obtain accessibility to markers that limit access without local operations What is the rationale for achieving economies of scale? -Answer-...

What are the primary steps in the strategic souring process? -Correct Answer -Research & Analysis -Initiative Planning -Supplier Selection -Contract Negotiation What is the objective of the sourcing process? -Correct Answer To achieve the "lowest landed cost" position for a specified product quality, quantity, and terms & conditions direct vs. indirect purchases -Correct Answer -Direct = Goes into final product (Wheels on a car) ~ raw materials, semi-finished products, finished ...

SCMN 3730 EXAM 1 2024/2025 || WITH QUESTIONS AND CORRECT ANSWERS GRADED A || DOWNLOAD AND PASS

What are the features of the new model of progressive purchasing? -Answer- -developing closer relationships with important suppliers -performing due diligence on suppliers before awarding longer term contracts -conducting worldwide internet searches for the best sources of supply -inviting key suppliers to participate in product and process development. What index does ISM issue monthly, and what does a score of 50 represent? -Answer- A change index report on business A score of 50 means ...