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SCMN 3730 EXAM WITH QUESTIONS AND CORRECT ANSWERS{FOR A+ GRADE}
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SCMN 3730 EXAM WITH QUESTIONS AND CORRECT ANSWERS{FOR A+ GRADE}
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SCMN 3730 EXAM WITH QUESTIONSAND CORRECT ANSWERS{FOR A+
GRADE}
what are the features of the new model of progressive
purchasing? - ANSWER>>>>>1. closer relationships with
important suppliers
2. performing due diligence on suppliers before awarding long-
term contracts
3. conducting worldwide searches for the best sources of supply
4. inviting key suppliers to participate in produce & process
development
what is meant by direct materials? - ANSWER>>>>>items
provided by suppliers & used directly during production or
service delivery
ex: raw materials, components & sub assemblies
what is meant by indirect materials & services? -
ANSWER>>>>>the sum of all purchased goods & services that
are not a direct, identifiable part of products or services
delivered to the customer
ex: transportation, 3PL logistics services, office supplies
what is the average percentage of purchases to sales in the
manufacturing sector? - ANSWER>>>>>55%
explain the relationship between outsourcing & core
competencies - ANSWER>>>>>- availability of low-cost
alternatives has led to shifts toward outsourcing & offshoring
activities
- must now evaluate the economics of re-shoring & near-shoring
, SCMN 3730 EXAM WITH QUESTIONS
AND CORRECT ANSWERS{FOR A+
GRADE}
what is the difference between purchasing/procurement &
supply management? - ANSWER>>>>>
what is meant by the term cross-functional? -
ANSWER>>>>>involves purchasing, engineering, supplier quality
assurance, the supplier, & other related functions working
together as one team, early on, to further mutual goals
what factors are driving an emphasis on supply chain
management? - ANSWER>>>>>
what are the 4 pillars of purchasing & supply chain
management? - ANSWER>>>>>- human resources
- organizational design
- information technology
- measurement
definition of supply management - ANSWER>>>>>involves
proactively managing the two-way movement & coordination of
goods, services, information & funds from raw material through
end user
why is purchasing important? - ANSWER>>>>>- increasing value
& savings
- building relationships & driving innovation
- improving quality & reputation
- reducing time-to-market
- managing supplier risk
- generating economic impact
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