Mro business - Samenvattingen, Aantekeningen en Examens

Procurement -The process of selecting and vetting suppliers, negotiating contracts, establishing payment terms, and the actual purchasing of goods and services. -Procurement is concerned with acquiring all of the goods, services and work that is vital to an organization. -Procurement is the overarching or umbrella term within which the action of purchasing can be found. Purchasing -The action of obtaining merchandise, capital equipment; raw materials, services, or maintenance,...

CIPS L4M1 Scope and Influence of Procurement and Supply Questions and Answers Graded A+ What is Procurement? Procurement is a STRATEGIC function of a business obtains something Tangible as goods or Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management Quality, Cost, Added Value What is Purchasing? Is the ACT of physically ordering and buying something. What is Supply? Is the INFRASTRUCTURE which ensures that products and services get from supplie...

IDIS 240 FINAL EXAM QUESTIONS AND ANSWERS ALREADY PASSED OEM stands for Original Equipment Manufacturer If you buy Allen-Bradley products in Houston, Texas you must purchase from Reynolds Electric, this is an example of ____________ distribution exclusive MRO stands for maintenance, repair, and operations 3M products are sold through many distributors. This is an example of _______ distribution? intensive Bundling Products & Services? assortment How long customer is willin...

CIPS L4M2 Defining Business Need questions correctly answered 2024/2025Types of Purchases new buy, straight rebuy, modified rebuy Straight rebuy purchase Routine purchases of the same products under approximately the same terms of sale Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Modified rebuy purchase When new-task purchases are changed on repeat orders or straight rebuy purchases are modified N...

CIPS L4M2 Defining Business Need questions with answers 2023 rated A+Fixed Cost (FC) Costs that remain the same irrespective of business activity or volume Variable Cost (VC) Costs that vary with the level of output Market Factors Objectives Drivers Governance Ownership Commodity or Non-Commodity Break-Even Point (BEP) When total costs are equivalent to sales revenue (after this, it is profit) Solving a Problem SCAMPER Substitute Combine Adapt Modify P...

MKTG Exam 2 Questions and Answers 100% Pass 2024 _____ are goods and services purchased for use either directly or indirectly in the production of other goods and services for resale. a. Impulse goods b. Shopping goods c. Business products d. Unsought products - Answer- Business products Goods and services purchased by the ultimate consumer for personal use are called _____ products. a. business b. primary c. consumer d. secondary - Answer- consumer The determination of whether pen...

MGMT 333 Exam 4 Questions And Answers 2024 Inventory - ANS-a stock or store of goods. Firms typically stock hundreds or even thousands of items in inventory, ranging from small things such as pencils, paper clips, screws, nuts, and bolts to large items such as machines, trucks, construction equipment, and airplanes. -Many of the items a firm carries in (blank) relate to the kind of business it engages in. Independent-Demand - ANS-The inventory models described relate primarily to what ar...

CIPS L4M2 Defining Business Need questions correctly answered 2024 Fixed Cost (FC) - correct answer Costs that remain the same irrespective of business activity or volume Variable Cost (VC) - correct answer Costs that vary with the level of output Market Factors - correct answer Objectives Drivers Governance Ownership Commodity or Non-Commodity Break-Even Point (BEP) - correct answer When total costs are equivalent to sales revenue (after this, it is profit) Solving a Proble...

Consumer Channel Design - Manufacturer-Wholesaler-Retailer-Consumer Industrial Channel Design - Manufacturer-Master Distributor-Distributor- End user Three types of End users? - OEM- Original Equipment Manufacturer- buys the product and "rebrands" to sell as their own with warranty MRO- Maintenance Repair Operation - people who fix something with a problem Contractors- Person who provides supplies or service under contract An End user does not? - Does not resell in present form W...

CIPS L4M2 Defining Business NeedFixed Cost (FC) - correct answer Costs that remain the same irrespective of business activity or volume Variable Cost (VC) - correct answer Costs that vary with the level of output Market Factors - correct answer Objectives Drivers Governance Ownership Commodity or Non-Commodity Break-Even Point (BEP) - correct answer When total costs are equivalent to sales revenue (after this, it is profit) Solving a Problem - correct answer SCAMPER Subs...