Buad 331 test 2 - Study guides, Class notes & Summaries

BUAD 331 - Test 2 Top line contributions by the purchasing function include which of the following? a. Cost cutting b. Supply base reduction c. Leveraging d. Involvement in new product development e. All of the above - correct answer d. Involvement in new product development When are supplier evaluations and selection decisions initiated? a. In response to requests from internal customers b. During the design and building of new facilities c. During new product development d. Du...

Sourcing is the inputs (or things we buy), including materials, sub- assembled components, equipment, and services that are required to create value. T/F False Which of the following is NOT an area in which successful supply managers need expertise? : A. Technologies B. Customers C. Suppliers D. Processes E. Resources B. Customers When purchasing and supply management works well within an organization the company acquired the best resources from around the world, which allows for c...

You are SC manager at cellphone Inc. and part of your job is to make recommendations on fulfillment techniques for various products. Boss wants to know which products would be most appropriately serviced using lean technique. You tell him... a basic phone with a high volume of predictable customer demand A SC that utilized an agile order fulfillment technique will hold manufacturing until receiving actual customer orders Ted buys 50 gallons of milk and 20 cartons of hot coco. Students pay ...