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Package Deal For SCMN 3730 Exam 1,2,3 and 4 Questions and Answers with Verified Solutions Graded A 2024
Package Deal For SCMN 3730 Exam 1,2,3 and 4 Questions and Answers with Verified Solutions Graded A 2024
[Show more]Package Deal For SCMN 3730 Exam 1,2,3 and 4 Questions and Answers with Verified Solutions Graded A 2024
[Show more]Global Sourcing Reasons for Expansion -Answer- 1. Increase revenue 
2. Achieve economies of scale 
3. Reduce direct cost 
4. Advance technology 
5. Reduce firm's global tax liability 
6. Reduce market access uncertainty 
7. Enhance sustainability 
 
What is the rational for increased revenue? -An...
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Add to cartGlobal Sourcing Reasons for Expansion -Answer- 1. Increase revenue 
2. Achieve economies of scale 
3. Reduce direct cost 
4. Advance technology 
5. Reduce firm's global tax liability 
6. Reduce market access uncertainty 
7. Enhance sustainability 
 
What is the rational for increased revenue? -An...
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...
Preview 2 out of 9 pages
Add to cartWhen 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...
What types of problems can be hidden by high inventory levels? 
 
a. poor material quality 
b. inaccurate demand-forecasting systems 
c. unreliable supplier delivery 
d. all of the above 
e. none of the above 
f. a and b -Correct Answer all of the above 
 
Items purchased from suppliers or produced ...
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Add to cartWhat types of problems can be hidden by high inventory levels? 
 
a. poor material quality 
b. inaccurate demand-forecasting systems 
c. unreliable supplier delivery 
d. all of the above 
e. none of the above 
f. a and b -Correct Answer all of the above 
 
Items purchased from suppliers or produced ...
What are the primary steps in the strategic souring process? -Correct Answer -Research & Analysis 
-Initiative Planning 
-Supplier Selection 
-Contract Negotiation 
 
What is the objective of the sourcing process? -Correct Answer To achieve the "lowest landed cost" position for a specified pro...
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Add to cartWhat are the primary steps in the strategic souring process? -Correct Answer -Research & Analysis 
-Initiative Planning 
-Supplier Selection 
-Contract Negotiation 
 
What is the objective of the sourcing process? -Correct Answer To achieve the "lowest landed cost" position for a specified pro...
What are the features of the new model of progressive purchasing? -Answer- -developing closer relationships with important suppliers 
-performing due diligence on suppliers before awarding longer term contracts 
-conducting worldwide internet searches for the best sources of supply 
-inviting key su...
Preview 2 out of 8 pages
Add to cartWhat are the features of the new model of progressive purchasing? -Answer- -developing closer relationships with important suppliers 
-performing due diligence on suppliers before awarding longer term contracts 
-conducting worldwide internet searches for the best sources of supply 
-inviting key su...
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