Supply chain exam 2 - Study guides, Class notes & Summaries

SCMN 2150 Test 2 Auburn University Exam Review Questions & Answers What is procurement? - ANSWER-process of actually purchasing goods and services How does procurement differ from strategic sourcing? - ANSWER-Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. What is outsou...

SCM 300 EXAM 2 ASU DAVILA | LATEST 2024 Brick-and-Mortar Business - a business that operates in a physical store without an internet presence Online or E-tailing - All products and services are sold to customers through an online website. Example: A Brick and Clicks - Companies that use both a physical store and the Web to sell their products and services. Clicks and Calls - In addition to taking orders via the company website, some companies will also offer sales via the phone. Example...

Uark Intro to Supply Chain Exam 2 Spring 2024

WGU Master's Course C706 - Secure Software Design EXAM 250 QUESTIONS AND ANSWERS LATEST 2023. WGU Master's Course C706 - Secure Software Design 1. Which due diligence activity for supply chain security should occur in the initiation phase of the software acquisition life cycle? A Developing a request for proposal (RFP) that includes supply chain security risk management B Lessening the risk of disseminating information during disposal C Facilitating knowledge transfer between supplier...

MARKETING 3023 UCF EXAM 1 RATED A+ Marketing the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Marketing Plan A written document composed of an analysis of the current marketing situation, opportunities and threats for the firm, marketing objectives and strategy specified in terms of the four Ps, action programs, and projected or pro forma income (...

Key factors for ensuring that products flow in a synchronous, coordinated fashion through the supply chain include: Information sharing and process synchronization What is one benefit of buyer-seller collaboration in synchronized supply chain? Demand information is captured and communicated in near real-time Which of the following is FALSE concerning "Quick Response" and "Vendor Managed Inventory" techniques? It uses supplier generated forecasts of demand to push large volumes of produ...

BCLE 2000 PRACTICE EXAM 50 QUESTIONS AND VERIFIED ANSWERS 2023 BCLE 2000 PRACTICE EXAM 1. Which of the following statements is true? a. Conforming to a standard is mandatory b. Complying with a regulation is voluntary c. Auditors do not assess business continuity programs against regulations d. Auditors assess business continuity programs against standards and regulations: D 2. What is the value of a business continuity policy statement? a. It forces middle management to comply with se...

Long Term Decisions - strategic, competitive -network configuration -supply chain model -outsourcing -vertical integration (become own supplier) Medium Term Decisions - Tactical, planning -lean -Sales & operations planning -inventory management

Procurement The process of selecting and vetting suppliers, negotiating contracts, establishing payment terms, and the actual purchasing of goods and services. - concerned with acquiring all of the _goods, services and work_ that is vital to an organization. - 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, repair, and operating (MRO) supplies in exc...