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SCMN 3730 EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS|FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|NEWEST|GUARANTEED PASS |LATEST UPDATE$20.49
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SCMN 3730 EXAM 1 2024-2025 WITH
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED
ANSWERS|FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+|NEWEST|GUARANTEED
PASS |LATEST UPDATE
What are the elements of successful supplier suggestion programs?
Share savings equitably, often 50-50
Focus on cost improvement, not simply cutting supplier margins
Provide prompt feedback to supplier
Implement good suggestions promptly
Publicly acknowledge supplier's contribution
What 3 groups make up supply management's external linkages?
Suppliers, government, and local communities
What are the advantages and obstacles to closer buyer-seller relationships?
Trust and long-term contracts
When might it make sense to co-locate buyer and supplier personnel?
During successful supplier integration
Advantages of decentralized purchasing?
Speed and responsiveness
Understanding unique operational requirements
New-product development support
Ownership of decisions affecting purchases
Advantages of centralization?
Leverage purchase volumes
Reduced duplication of purchasing effort
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,Coordination of purchasing strategies and plans
Coordination and management of company-wide purchasing systems
Development of specialized expertise
Meet corporate goals and manage company-wide change
The scope of the Purchasing/Supply Management job function includes what 4 major areas?
1.Sourcing, negotiation, and contract management
2.Market intelligence and research
3.Operational support and follow-up
4.Administration and data management
Factors Affecting P/SM's Position in the Organization's Hierarchy?
History
Impact on organizational performance
Founder's philosophy
Type of industry
Total spend on goods and services
Type of purchased materials and services
A specific family of products or services that are used in delivering value to the end customer.
Category
A collaborative arrangement in which two or more organizations join together to combine their
individual requirements for goods, works or services to gain better prices, design, supply availability and
assurance benefits compared to if each member purchased the goods or services alone
Purchasing Consortium
What is the role of a corporate purchasing council?
comprised of a group of buyers who purchase similar items at various facilities
When is it appropriate to use a regional buying group?
They are most advantageous where geographic concentration exists within a company. generally
responsible for the purchase of large-volume items common to all facilities
generally are responsible for the purchase of large-volume items common to all facilities
Buying
The process of personally or electronically contacting suppliers to deter- mine the status of past-due or
near-past-due shipments.
Expiditing
A continuous improvement methodology developed by Larry Miles at General Electric during the late
1940s, is the organized study of an item's function as it relates to value and cost
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, Value Analysis
What functional departments do members of a cross functional sourcing team come from?
Engineering
Marketing
Accounting
specific action plans that detail how goals are achieved through relationships with suppliers
Category Strategy
What does a supply management strategy specify?
how supply management will support the competitive business-level strategy and complement other
strategies
What are the steps of the strategic purchasing/sourcing process?
Build the team
Market Research
Strategy Development
Contract Negotiation
SRM
explore, compare, and contrast data from multiple sources
Triangulation
Price of major inputs
Ability to pass on price increases
Availability of key technologies or other resources
Threat of forward or backward integration
Industry capacity utilization
Supplier concentration
Importance of volume to supplier
Supplier Power
-Use before specific requisition is issued
-Use to obtain general information about services, products, or suppliers
-Does not constitute binding agreement
-Use when large or complicated purchase is considered and potential pool of suppliers must be
prequalified
RFI (Request for Information)
What are the features of the new model of progressive purchasing?
-developing closer relationships with important suppliers
-performing due diligence on suppliers before awarding longer term contracts
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