SCMN 3730 FINAL EXAM NEWEST 2024-2025
ACTUAL EXAM COMPLETE 100 QUESTIONS
AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
Application hosted by the buying firm to allow users to search
for products, place and track orders, receive and pay for
purchases. - CORRECT ANSWER-Requisition to pay (RTP)
Applications (Buy-Side Applications)
When there is low number of suppliers and high product
complexity, ___ are the most common form of eProcurement. -
CORRECT ANSWER-Supplier Catalogue Site (Sell-Side
Applications)
Web portals which offer an online store for buyers and suppliers
to conduct transactions. Suppliers offer content, allowing buyers
to browse in multiple catalogues on one site. - CORRECT
ANSWER-Electronic Marketplaces
The goal of the total cost model is to minimize the cost of each
subcomponent of cost. - CORRECT ANSWER-False
,2|Page
Placing orders and piece price would be ___ costs. - CORRECT
ANSWER-Transaction
Which type of cost analysis is most accurate: - CORRECT
ANSWER-Detailed Cost Analysis
Calculating a cost analysis based on all the underlying processes
and materials is known as: - CORRECT ANSWER-Detailed
Cost Analysis
Which type of cost analysis is least accurate: - CORRECT
ANSWER-round table cost analysis
Reduced purchasing costs, inventory levels and waste are
examples of cost advantage. - CORRECT ANSWER-True
A purchasing department characterized by decentralized roles
with no corporate oversight would be: - CORRECT ANSWER-
Decentralized
When it comes to lead times, procurement departments aim to
___, ___, and ___ the amount of time it takes for the product to
arrive - CORRECT ANSWER-Stabilize, Reduce, Ensure
,3|Page
Which type of purchasing structure has the least corporate
leverage? - CORRECT ANSWER-Decentralized
Within a supply chain, site specificity requires: - CORRECT
ANSWER-The supply chain is situated as to economize
transactions for a specific location
When deciding which products to delegate to first tier suppliers,
a buyer will generally want to maintain control over the items
with the least impact on total costs. - CORRECT ANSWER-
False
Market governance along the supply chain is highly adaptive, -
CORRECT ANSWER-true
When processes are done in-house in the home country, it would
be considered: - CORRECT ANSWER-Domestic Insourcing
Targeting specific segments of an industry is ___ type of
competitive advantage: - CORRECT ANSWER-Focus
Targeting customers is all or most segments of an industry based
on offering the lowest price is ___ type of competitive
advantage: - CORRECT ANSWER-Cost Leadership
, 4|Page
Power of suppliers, power of buyers, threat of new entrants and
threat of substitutes are all part of which type of situation
analysis: - CORRECT ANSWER-S forces
Innovative products should be matched with a responsive supply
chain. - CORRECT ANSWER-true
When evaluating a service, ___ is the knowledge and courtesy
of employees and their ability to inspire trust and confidence. -
CORRECT ANSWER-Assurance
___ is a process, supported by a set of tools, to translate
customer requirements, or "voice of the customer," into
specification. - CORRECT ANSWER-Quality Function
Development
The traditional view of quality is an unavoidable need for basic
detection and prevention costs, with an ever increasing cost of
correction. - CORRECT ANSWER-False
___ quality costs are consequences of replacing product that
fails at the customer. - CORRECT ANSWER-External
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller johnkabiru. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $29.99. You're not tied to anything after your purchase.