Supplier involvement - Study guides, Class notes & Summaries

CIPS L6M8 - Innovation in Procurement and Supply Exam With Complete Solutions 2024 Supply chain integration - answerSupply chain integration requires the procurement professional to develop strategic collaboration with key supply chain partners and understand customer requirements. Behaviours to enhance innovation - answerPellathy identified 3 key behaviours that affect how individuals engage with each other: 1, Task behaviours - how an individual executes tasks of their role 2, Organisa...

- ️️Probability of assured supply is better. 10. An employee who will not help a customer because "it is not my job" violates the JIT belief of a) Simplicity b) A broad view of operations c) Continuous improvement d) Visibility e) Pull production - ️️b) A broad view of operations 11. JIT was based on the need for a) survival b) waste elimination c) better working conditions d) consistent application of policies e) consistent supplier performance - ️️a) survival 12. Kai...

definition of price analysis : Process of comparing supplier prices against external price benchmarks without knowledge of supplier costs definition of cost analysis : Process of analyzing each individual cost element that add up to final price What are the four categories and related strategies in the Strategic Cost framework? : 1) critical products - strategies - cost analysis - collaborative cost reduction efforts focused on total costs 2) unique products - strategies - cost ana...

MGSC 346 Exam 2 Questions And Answers 100% Verified 2024/2025 Which of the following is considered one of the four major cost of quality categories? A. lost goodwill B. postponement C. appraisal D. defects - answerAppraisal Which of the following is an element of a deceptive business practice that presents a major concern for service or product quality? A. The transaction is intended to generate a disproportionate economic benefit to the provider at the expense of the customer. B. The...

MGSC Midterm 2 CH. 3, 4, 7 Exam Questions Correctly Answered. A firm's internal program in employee involvement includes which of the following considerations? A. Psychological impressions B. Defining who the customer is Your answer is correct.C. Product availability D. Supplier management - CORRECT ANSWER B. Defining who the customer is TQM stresses three principles for achieving high levels of process performance and quality. Which of the following is one of them? A. cont...

L4M8 CIPS questions with correct answers graded A+ 2024 passedABC Analysis - correct answer A technique used to categories suppliers into three groups of decreasing value. A Group - 10-15% of your suppliers, but 80% of the spend. B Group - represent 20-25% of your suppliers, but only 15% spend. C Group - Represent 60-70% of your suppliers, but only 5% of the spend. Breakers - correct answer A company that buys decommissioned machinery and strips it of useful parts to then sell on. B...

MGSC 346 Exam 2 Questions And Answers 100% Verified 2024/2025 Which of the following is considered one of the four major cost of quality categories? A. lost goodwill B. postponement C. appraisal D. defects - answerAppraisal Which of the following is an element of a deceptive business practice that presents a major concern for service or product quality? A. The transaction is intended to generate a disproportionate economic benefit to the provider at the expense of the customer. B. The...

BUAD 331 Exam 2 | Questions with 100% Correct Answers Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources When purchasing and supply management works well within an organization, the company acquires the best resources from...

Purchasing and Supply management 2024 Significance of supply side - Massive outsourcing - Large portion of total costs (50-%) - Changing characteristics of input - buying components vs. systems. - Turnkey delivery - Concepts like (JIT, BTO, ) - Leveraging purchasing strategies (M&A) - Global sourcing vs. local content and customized solutions - Supplier integration - Early supplier involvement - Corporate social responsibility and business integrity Definition of purchasing man...

To enhance the chance for successful strategic alliances, the supply manager must: - Answer- identify suppliers whose management views on quality and productivity match those of the buying organization and have both parties establish expectations. Strategic supply management is founded on the conviction that a significant contribution to competitive edge is made by: - Answer- suppliers, supply systems and buyer-supplier relationships Supply chain management effectiveness is driven primaril...