Global sourcing exam 1 - Study guides, Class notes & Summaries

CIPS L4M8 Chapter 2 Exam Questions And Answers Sourcing involves - ANS identifying and vetting those suppliers who are able to supply the product or service, as required in a specification from a procurement professional Different stages of Ordering - ANS - User need - Raise requisition - Approved process - Issue PO - Receive goods/service - Approve invoice Different stages of Sourcing - ANS - Understand the need - Develop strategy - Raise requisition - Source sup...

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...

International Business Exam 1 Review Latest Update 100% Correct Globalization Movement from thinking about markets in terms of geographic areas to thinking about them as something that transcends borders; the shift towards a more integrated and interdependent world economy World-wide sourcing All types of businesses are getting inputs from several global locations Globalization of markets Merging of historically distinct and separate national markets into one huge global market; ...

LSCM Exam 1 Questions & Answers 2024/2025 Supply Chain Logistics Management, involves collaboration between firms to connect suppliers, customers, and other partners as a means of boosting efficiency and producing value for the end consumer. - ANSWERSTrue According to the articles which of the following are part of the six components of Supply Chain? - ANSWERSall of the above -planning -sourcing -delivering/distribution -making/manufacturing The article discusses about one advanta...

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...

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...

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...

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

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...

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...