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SCMN 3730 FINAL EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS|FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|NEWEST|GUARANTEED PASS |LATEST UPDATE$22.49
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SCMN 3730 FINAL EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS|FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|NEWEST|GUARANTEED PASS |LATEST UPDATE
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Course
SCMN 3730
Institution
SCMN 3730
SCMN 3730 FINAL EXAM WITH
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED
ANSWERS|FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+|NEWEST|GUARANTEED
PASS |LATEST UPDATE
SCMN 3730 FINAL EXAM 2024-2025 WITH
ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED
ANSWERS|FREQUENTLY TESTED
QUESTIONS AND SOLUTIONS |ALREADY
GRADED A+|NEWEST|GUARANTEED
PASS |LATEST UPDATE
When evaluating a service, ___ is the appearance of physical facilities, equipment and appearance of
personnel.
Tangibles
The goal of statistical process control is to eliminate all ___ causes of variation.
Special
When evaluating a service, ___ is the caring, individualized attention the provided to customers.
empathy
The traditional and generally seen as outdated view of supply chain quality is a trade-off between
prevention and correction costs of quality.
True
This 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 has extremely high capacity and is very low cost. However, it is extremely
slow and extremely limited accessibility.
water
___ utility is having ownership of a product or service that can create value
possession
1|Page
,___ utility is having a product or service when it is needed.
Time
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.
Electronic marketplaces
Application hosted by the buying firm to allow users to search for products, place and track orders,
receive and pay for purchases.
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
Suplier catalogue site (Sell-side applications)
Online, Real time bidding events where buyers offer a contract to specified suppliers, who make
reducing bids to gain the business. The winner is the lowest bidder.
Reverse auctions
Which type of cost analysis requires the most amount of data to develop:
Detailed cost analysis
A detailed cost analysis is less costly to develop than a round table analysis
false
Comparing costs from various suppliers to benchmarks against each other is known as
Comparison cost analysis
Total cost of ownership extends total cost of acquisition to take into consideration costs incurred after
the sale of a product.
True
The goal of the traditional cost model is to minimize the total cost of the system
False
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:
2|Page
,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.
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
3|Page
, 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
Possession
___ utility is having a product in a state that can be used by the customer to accomplish their needs
form
When there is high number of suppliers and low product complexity, ___ are the most common form of
eProcurement.
Reverse Auctions
Application hosted by the buying firm to allow users to search for products, place and track orders,
receive and pay for purchases.
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.
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.
Electronic Marketplaces
The goal of the total cost model is to minimize the cost of each subcomponent of cost.
4|Page
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