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SCMN 3730 EXAM 1 (COLE) EXAM LATEST 2024/2025 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED (DETAILED) ANSWERS/ALREADY GRADED A $25.99   Add to cart

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SCMN 3730 EXAM 1 (COLE) EXAM LATEST 2024/2025 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED (DETAILED) ANSWERS/ALREADY GRADED A

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SCMN 3730 EXAM 1 (COLE) EXAM LATEST 2024/2025 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED (DETAILED) ANSWERS/ALREADY GRADED A

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  • September 13, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • scmn 3730 exam 1 cole
  • SCMN 3730
  • SCMN 3730
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SCMN 3730 EXAM 1 (COLE) EXAM LATEST 2024/2025 WITH
ACTUAL QUESTIONS AND CORRECT VERIFIED (DETAILED)
ANSWERS/ALREADY GRADED A




value advantages - ANSWER-quicker response
improved quality
increased reliability
improved relationships
manage and mitigate risks
source innovation
tailored service, reliability, responsiveness


cost advantages - ANSWER-efficiency gains/utilization
reduce purchasing costs
reduction in inventory levels
sharing capital investment
reduced waste
capacity utilization, asset turnover, schedule integration


decentralized procurement organization with no corporate role - ANSWER-
decentralized

, purchase of products or services at the right place, delivered at the right time,
of the right quality, in the right quantity, from the right source - ANSWER-
procurement


cost reductions increase _ - ANSWER-margin


procurement is a (primary/support) activity - ANSWER-support


lead times _, _ and _ the amount of time it takes for the product to arrive -
ANSWER-stabilize, reduce, ensure




decentralized sourcing, but center led strategy, voluntary commodity strategy
collaboration across BU - ANSWER-coordinated


decentralized transactions, but center led strategy and sourcing control -
ANSWER-hybrid


central procurement organization for all commodities with a single upward
reporting structure - ANSWER-centralized


efficient supply chain + functional products (match/mismatch) - ANSWER-
match (lean)


efficient supply chain + innovative products (match/mismatch) - ANSWER-
mismatch (too slow)


responsive supply chain + functional products (match/mismatch) - ANSWER-
mismatch (unnecessarily expensive)

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