The procurement process - Study guides, Class notes & Summaries

CSBI: Certified Specialist Business Intelligence Exam (2023/ 2024) Questions and Verified Answers 1. Identify fundamental purpose of engaging in analytics ~ Answer: understand what is happening and finding a path forward 2. Recognize the basic business functions of finance, marketing and operations ~ Answer: - operations is the function that meets the demand for a service or product by marketplace entities ~ Finance ensures monetary resources are in place to conduct operat...

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...

CTCD 2024 EXAM WITH 100% CORRECT ANSWERS Vendor Communication Agency - Initiated {Evaluation and Negotiation} - correct answer Clarify vendor can meet requirements Negotiations Exchange of info to facilitate contract award {G8-9, A3} When must responses be received by? - correct answer On or before the due date and established time in the solicitation {G64} Solicitation Process: Advertisement (ESBD) - correct answer Solicitations over $25k must be posted to ESBD as well as the notic...

Well-structured MNO2603 Assignment 3 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!).... In Focus: What the Charlotte Maxeke fire tells us about health and safety in Gauteng hospitals Just weeks before a fire tore through parts of Charlotte Maxeke Hospital in Johannesburg on 16 April, a fire safety audit at the hospital was signed off and in March a hospital fire and safety team met, according to the Gauteng Department of Health. Yet Kwara Keka...

MAN 4583 Exam 1 Questions and Answers Rated A+ What constitutes a project? - Temporary endeavor - Beginning and end - Creates unique product - Not continuous operation - Budget Project Manager - Assigned to achieve projects objectives - Leads projects team - Organizes projects resources - Planning/ overseeing project in its entirety - COMMUNICATING - Authorization given through project charter Simple Project Life Cycle/ Knowledge Areas of Process Groups Initiating, planning,...

Competitive priorities - 1. cost 2. quality 3. speed/time 4. flexibility Value - what i get/price Productivity - what i make/cost SCM key components - 1. Procurement 2. Operations 3. Logistics Procurement - Buy it: process of obtaining services, supplies, and equipment in conformance with corporate regulations Operations - Make it: makes business processes effective and efficient. They help the organization create high quality products/ services using the fewest resources ...

Test Bank for Operations and Supply Chain Management 16th Edition By F. Robert Jacobs and Richard Chase. Section One: Strategy, Products, and Capacity Ch. 1 Introduction Ch. 2 Strategy Ch. 3 Design of Products and Services Ch. 4 Projects Ch. 5 Strategic Capacity Management 5S Investment Analysis Ch. 6 Learning Curves Section Two: Manufacturing and Service Processes Ch. 7 Manufacturing Processes 7S Manufacturing Technology Ch. 8 Facility Layout Ch. 9 Service Processes 9S Health Care Ch. 10 Waitin...

Explain the difference between a value chain and a supply chain. Provide specific examples from the operations of Toyota South Africa to illustrate the difference. In your answer, you should demonstrate a critical understanding of the interrelated activities involved in each chain and how they contribute to the creation and delivery of value to customers. As an expert in supply chain risk management, you have been tasked by Toyota South Africa to aid them in conducting an extensive risk asses...

Test Bank for Integrated Business Processes with ERP Systems 1st Edition by Jeffrey Word & Simha R. Magal - Complete Elaborated and Latest Test bank. All Chapters 1-9 Included-Updated Test Bank for Integrated Business Processes with ERP Systems 1st Edition by Jeffrey Word & Simha R. Magal - Complete Elaborated and Latest Test bank. All Chapters 1-9 Included-Updated Integrated Business Processes with ERP Systems 1st Edition by Jeffrey Word & Simha R. Magal - Complete Elaborated and Latest ...

CIPS L4M4 - RESPONSIBLE AND ETHICAL SOURCING EXAM QUESTIONS & ANSWERS 2024/25 What does sourcing mean? - ANSWERSWhen procurement professionals try to find suitable suppliers, products or services for the right money, quantity etc What are the two types of sourcing? - ANSWERSTactical and Strategic What is Tactical Sourcing? - ANSWERSThis involves low level decision making High profit, low risk items Short term projects Transactional relationships What is strategic sourcing? - ...