SCMN 2150 TEST 2 AUBURN UNIVERSITY ACTUAL
EXAM COMPLETE 150 QUESTIONS AND DETAILED
SOLUTIONS JUST RELEASED
Question: What is procurement? - CORRECT ANSWER✔✔process of actually
purchasing goods and services
Question: How does procurement differ from strategic sourcing? - CORRECT
ANSWER✔✔Procurement operations support tactical day-to-day transactions
such as issuing purchase orders to suppliers, whereas strategic sourcing
represents to strategic planning, supplier development, contract negotiation,
supply chain infrastructure, and outsourcing models.
Question: What is outsourcing? - CORRECT ANSWER✔✔obtain (goods or a
service) from an outside or foreign supplier, especially in place of an internal
source.
Question: What costs and challenges are involved in outsourcing? - CORRECT
ANSWER✔✔slower turnaround time.
lack of business or domain knowledge.
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language and cultural barriers.
time zone differences.
lack of control.
Question: What is production? - CORRECT ANSWER✔✔The process by which
inputs are combined, transformed, and turned into outputs. We can produce both
goods and services
Question: What are the three key components of production? - CORRECT
ANSWER✔✔1. input
2. transformation
3. output
Question: What is the focus of lean production? - CORRECT ANSWER✔✔focus is
to eliminate waste
Question: What's the focus of mass customization? - CORRECT
ANSWER✔✔focuses on providing customers with good value for their money and
increasing company profits. When buyers get custom products, they focus more
on the benefits and less on price.
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Question: What production processes are available for companies to use? -
CORRECT ANSWER✔✔Job production
batch production
continuous production
Question: What issues and factors drive the production layout decision? -
CORRECT ANSWER✔✔production variety and volume.
Question: What is the purpose of break-even analysis? - CORRECT
ANSWER✔✔main purpose is to determine the minimum output that must be
exceeded for a business to profit. It also is a rough indicator of the earnings
impact of a marketing activity.
Question: What is logistics? - CORRECT ANSWER✔✔Logistics is planning and
executing of the movement and support of forces.
Question: What are the key performance metrics in logistics (hint: they are much
the same as the supplier evaluation metrics)? - CORRECT ANSWER✔✔Shipping
Time
Accuracy
Delivery Time
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