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SCM 303 EXAM 3 QUESTIONS AND ANSWERS LATEST UPDATE 100% PASS
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SCM 303 EXAM 3 QUESTIONS AND ANSWERS LATEST UPDATE 100% PASS...
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SCM 303 EXAM 3 QUESTIONS AND ANSWERSLATEST UPDATE 100% PASS
A manufacturers largest expenditure is ________ requirements while a service provider
spends more on _____ requirements - ANSWER direct; resale
in order to be effective supply chain management includes the acquisition of materials,
services, and equipment: - ANSWER at the right time, in the right quantities, and at the
right prices
operational supply decisions - ANSWER the day to day decisions that allow management
to focus on their strategic contribution
strategic choices - ANSWER focus on new and innovative solutions and supply
challenges
standard steps of the procurement process - ANSWER 1. recognition of need
2. translation of need into commercially equivalent description
3. search for potential suppliers
4. selection of a suitable source
5. agreement on the contract details
6. delivery of the products or services
7. payment of suppliers
councils of supply chain management professionals - ANSWER logistics management
refers to that part of supply chain management that plans, implements and controls the
efficient, effective forward and reverse flow and storage of goods, services and related
information between the point of origin and the point of consumption in order to meet
customer requirements
, supply chain management focuses on cost saving opportunities like - ANSWER -shorter
lead times
-waste removal throughout the supply chain
-inventory reduction
service organizations spend what percentage of costs for outside suppliers? - ANSWER
25-35%
suppliers and supply function are critical to - ANSWER -customer satisfaction
-an organizations success
-competitive advantage
when making decisions supply managers must weigh - ANSWER risk and reward
stages of supply chain involvement - ANSWER -none
-documentary
-professional
-meaningful
none stage of supply involvement - ANSWER lowest level of involvement
documentary stage of supply chain involvement - ANSWER transactionary involvement
only
professional stage of sc involvement - ANSWER personnel use expertise to assess
acquisition decisions
meaningful stage of sc involvement - ANSWER true team member status
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