Scmn 3730 exam - Study guides, Class notes & Summaries

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 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...

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 ...

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 suppliers to participate in product and process development. What index does ISM issue monthly, and what does a score of 50 represent? -Answer- A change index report on business A score of 50 means ...

SCMN 3730 Exam 1 Latest Update Actual Exam with Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor

what are the 8 key principles of TQM? : 1. Define quality in the terms of your customers and their requirement 2. pursue quality at the source 3. stress objective rather than subjective analysis 4. emphasize prevention rather than detection of defects 5. focus on process rather than output 6. strive for zero defects 7. establish continuous improvement as way of life 8. make quality everyone's responsibility What does process capability mean? : - the ability of the process to generate o...

SCMN 3730 Exam 1 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 1 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 1 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 1 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 1 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 1 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 1 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 1 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 1 WITH ACTUAL CORRECT DETAILE...

purchase of products or services at the right place, delivered at the right time, of the right quality, in the right quantity, from the right source : procurement cost reductions increase _ : margin procurement is a (primary/support) activity : support lead times _, _ and _ the amount of time it takes for the product to arrive : stabilize, reduce, ensure value advantages : quicker response improved quality 2 | P a g e increased reliability improved relationships manage and mitiga...

SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN 3730 Exam 2 WITH ACTUAL CORRECT DETAILED ANSWERS SCMN ...

SCMN 3730 EXAM 2 NEWEST ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+