When it comes to lead times, procurement departments aim to ___, ___, and ___ the amount of times it takes for the product to arrive
Stabilize, Reduce, Ensure
A purchasing department characterized by central procurement function for all commodities with a single upward reporting structure would b...
SCMN 3730 Exam Questions and
Answers UPDATED 2024
When it comes to lead times, procurement departments aim to ___, ___, and ___ the
amount of times it takes for the product to arrive
Stabilize, Reduce, Ensure
A purchasing department characterized by central procurement function for all
commodities with a single upward reporting structure would be:
Centralized
The highest level of strategic orientation for procurement and supply management
which drives procurement strategy is:
Business Strategy Cycle
Reduced purchasing costs, inventory levels and waste are examples of a cost advantage.
True
When processes are sourced from a domestic supplier in the home country, it would be
considered:
Domestic Outsourcing
In a market exchange relationship, the incentives are used to reduce:
Administrative Control
When finished goods are completely outsourced by a pass through entity, it is a 100%
___ strategy
buy
Market governance along the supply chain is highly adaptive.
true
Targeting specific segments of an industry is ___ type of competitive advantage:
focus
Innovative products should be matched with responsive supply chain.
SCMN 3730 Exam
, SCMN 3730 Exam
true
To maintain a product in an uncommitted state as long as possible during the production
process is known as:
Manufacturing postponement
Targeting customers in all or most segments of an industry based on offerings other than
lowest price such as quality or delivery is ___ type of competitive advantage:
Differentiation
When evaluating a service, ___ is the ability to perform the promised service
dependably and accurately.
Reliability
When evaluating a service, ___ is the caring, individualized attention the provided to
customers.
Empathy
A push inventory system will generally lead to lower levels of inventory in the system
than a pull inventory system
False
The modern view of quality is an unavoidable need for basic detection and prevention
costs, with an ever increasing cost of correction.
True
The traditional view of quality is an unavoidable need for basic detection and prevention
costs, with an ever increasing cost of correction.
False
The mode of transportation has low cost and high capacity. However, it is slow with
limited accessibility to in-land locations and has lower than average product safety.
Rail
This mode of transportation is consistently the most commonly used mode by a
substantial margin across the entire domestic US market.
Truck
____ utility is having ownership of a product or service that can create value
SCMN 3730 Exam
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