Scmn 3730 - Study guides, Class notes & Summaries

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? -Answer- -open up more markets -expand beyond competitors -obtain accessibility to markers that limit access without local operations What is the rationale for achieving economies of scale? -Answer-...

SCMN 3730 EXAM 1 LATEST WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ 100% GUARANTEED PASS!

SCMN 3730 EXAM 1 WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST 2024 – 2025 ALREADY GRADED A+

SCMN 3730 EXAM 1 (COLE) EXAM LATEST 2024/2025 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED (DETAILED) ANSWERS/ALREADY GRADED A

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: Centralized The highest level of strategic orientation for procurement and supply management which drives procurement strategy is: Business Strategy Cycle Reduced purchasing costs, inventory lev...

SCMN 3730 CH. 11 STUDY GUIDE LATEST UPDATE GRADED A+ definition of price analysis Process of comparing supplier prices against external price benchmarks without knowledge of supplier costs definition of cost analysis Process of analyzing each individual cost element that add up to final price What are the four categories and related strategies in the Strategic Cost framework? 1) critical products - strategies - cost analysis - collaborative cost reduction efforts focused on total...

SCMN 3730 Exam 1 Latest Updated 2024 themes for successful supplier integration - correct answers--formalized process for selecting items -use of CFTs for supplier evaluation and selection -early supplier selection for design and volume work -supplier membership and team participation -direct cross-functional communication -co-location of buyer and supplier personnel -formal business unit trust development efforts -sharing of technology between buyer and supplier -joint educati...

Dustin Cole SCMN 3730 Final Exam with Verified Answers Kraljic's purchasing matric High : Leverage, Strategic Low: Non- Critical, Critical/Bottle Neck Low,High Kraljic's purchasing requirements and focus - Strategic item's - Bottleneck item's - Leverage item's - non-critical item's Kraljic's management types - Focus - KPI - Typical Suppliers - Time Horizon - Item's purchased - Supply - Decision authority economies of scale Occur when costs per unit decline as th...

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 product quality, quantity, and terms & conditions direct vs. indirect purchases -Correct Answer -Direct = Goes into final product (Wheels on a car) ~ raw materials, semi-finished products, finished ...

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