Outsourcing criteria - Study guides, Class notes & Summaries

1. What is considered PLM information? correct answers • PLM includes Bills of materials, marketing and sales input, cost accounting data, test and performance criteria, service and use history, as-built information 1. Despite the benefits, CRM has actually had about a ________ failure rate, according to the Gartner Group study. correct answers 55% 1. Product life cycle management (PLM) is actually an outgrowth of: correct answers • PLM started as an extension of CD to include electron...

MDC Exam 2 - Chapter 4 & 5 Question and answers correctly solved MDC Exam 2 - Chapter 4 & 5 Vertical integration is when... - correct answer one organization does all the work (production, sales, inventory, credit) Forward or downstream vertical integration - correct answer a manufacturer integrates the distribution function Backward or upstream vertical integration - correct answer a distributor or retailer produces it's own branded source of product Outsourcing is when - corre...

What is procurement? - Answer-The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality What is strategic sourcing? - Answer-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? - Answer-strategic sources seeks for continuous improvement What are the steps in the procurement process and why is it ...

ITPM Chapter 12 Complete Questions with 100% Correct Answers T/F: Suppliers are those organizations or individuals who provide procurement services. True T/F: While outsourcing, organizations should protect strategic information because it can become vulnerable in the hands of suppliers. True T/F: Project procurement management consists primarily of two processes: assessing procurements and controlling procurements. False T/F: If an organization has no need to buy any products...

employee engagement correct answers the degree to which employees are fully involved in and enthusiastic about their work sustainable business practices correct answers Practices that meet the current needs of businesses without compromising the needs of future generations. Triple Bottom Line correct answers Evaluating organizations against three performance criteria including economic, social, and environmental viability. outsourcing correct answers an organization asking an outside or...

What is considered PLM (Product Lifecycle Management) information? correct answers *Any information that can be used* Design data and material lists from suppliers and their suppliers Bills of material and their many derivatives and revisions Design-for-manufacturing input, revisions history, notes, and source data Marketing and sales input Cost accounting data Test and performance criteria Manufacturing process requirements As- built information, including quality assurance dat...

Modern Systems Analysis and Design, 8e (Valacich/George) Chapter 2 The Origins of Software 1) What is the practice of a company running a computer application for another organization? A) Outsourcing B) Information Technology Development C) In-house Payroll System D) Reusing Answer: A Difficulty: Easy AACSB: Information Technology LO: 2.1 Explain outsourcing Classification: Concept 2) Which of the following companies did Shell NOT outsource any of its operations to? A) E...

SCM definition correct answers resources capabilities strategic SCM includes everything except correct answers productions scheduling Which is not a reason to manufacture in house correct answers insufficient capacity When would you use an external supplier correct answers better cost of control Tc manufacturing correct answers tc=fc + (vc * q) outsourcing correct answers tc= p*q Breakeven correct answers q= fc/(p-vc) total cost of ownership analysis correct answers extends ...

Indiana MPJE Exam Review Questions 2022/2023 | Consisting Of 111 Questions With Verified Answers From Experts Which federal act discusses adulteration and misbranding of drugs? Food Drug and Cosmetic Act T/F Adulteration/Misbranding can occur with both a drug and a device. True T/F A drug must be contaminated to be considered adulterated. F - if held under unsanitary conditions where it MAYA have been contaminated A container that contains a drug is made of poisonous or harmful material...

Kralijic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct answers Supply risk and profit impact The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality correct answers Procurement Why is the buy process so important to companies today? correct answers Because the buy process can generate sustainable advantage What is the final step in the procurement process? correct answers Evaluate supplier perfo...