Scm 421 exam 3 - Study guides, Class notes & Summaries

Production planning and control systems are comprised of these 2 activities: - Answer- 1. Planning and control of materials "Materials management" 2.Planning and control of capacities "Capacity planning" Materials Management - Answer- supports the transformation of raw materials and component parts into shipped or finished goods Capacity Planning - Answer- The process of determining how much capacity is needed (and when) in order to produce in the future What materials do we bu...

What are the 4 steps to category planning? - Answer- Step 1: Define Objectives (Create Visibility) Step 2: Get the Facts (Define Boundaries) Step 3: Develop a Plan (Establish Priorities) -Focus on the "Big" Stuff -Manage the Small Stuff Step 4: Implement the Plan; Evaluate the Results (Stay Organized—and disciplined) How do you define your company's strategic position? - Answer- Define strategy (customer, strategic position, value proposition) and purchasing's fit (role of purchas...

SCM 421 Exam 2 Practice Questions and Answers What are the strategic drivers behind outsourcing? a. Access to new markets b. Competitive pressures c. Industry practice d. Quality e. Cost f. All of the above - ANSWER-f. What does hallowing out of corporations mean? a. Too much has been reshored b. Too much flesh and not enough bone Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024 Copyright © Stuvia International BV Page 2/40 c. Lots of ...