Outsourcing criteria - Study guides, Class notes & Summaries

What is procurement? - Answer-The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality What is strategic sourcing? - Answer-an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company What is the difference between traditional purchasing and strategic sourcing? - Answer-strategic sources seeks for continuous improvement What are the steps in the procurement process and why is it ...

ITPM Chapter 12 Complete Questions with 100% Correct Answers T/F: Suppliers are those organizations or individuals who provide procurement services. True T/F: While outsourcing, organizations should protect strategic information because it can become vulnerable in the hands of suppliers. True T/F: Project procurement management consists primarily of two processes: assessing procurements and controlling procurements. False T/F: If an organization has no need to buy any products...

Why is the buy process so important to companies today? correct answers Because the buy process can generate sustainable advantage What type of purchase is high risk, high profit impact that requires long-term supplier relationships? correct answers Strategic items Kralijic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct answers Supply risk and profit impact Which types of purchases include the modules and components that are used in production proc...

SCM definition correct answers resources capabilities strategic SCM includes everything except correct answers productions scheduling Which is not a reason to manufacture in house correct answers insufficient capacity When would you use an external supplier correct answers better cost of control Tc manufacturing correct answers tc=fc + (vc * q) outsourcing correct answers tc= p*q Breakeven correct answers q= fc/(p-vc) total cost of ownership analysis correct answers extends ...

What is considered PLM (Product Lifecycle Management) information? correct answers *Any information that can be used* Design data and material lists from suppliers and their suppliers Bills of material and their many derivatives and revisions Design-for-manufacturing input, revisions history, notes, and source data Marketing and sales input Cost accounting data Test and performance criteria Manufacturing process requirements As- built information, including quality assurance dat...

employee engagement correct answers the degree to which employees are fully involved in and enthusiastic about their work sustainable business practices correct answers Practices that meet the current needs of businesses without compromising the needs of future generations. Triple Bottom Line correct answers Evaluating organizations against three performance criteria including economic, social, and environmental viability. outsourcing correct answers an organization asking an outside or...

SWR302 - PT3 Verified Questions And Answers Graded A+ Which are the major requirements management activities? 1. Version Control 2. Change Control 3. Requirements Documenting 4. Requirements Status Tracking 5. Requirements Tracing A. 1,2,4,5 B. 2,3,4,5 C. 1,2,3,5 D. 1,3,4,5 Answer: A. 1,2,4,5 The acquirer in outsourcing product development need to send which of the following documents to supplier at early? 1. request for proposal(RFP) 2. requirements specification 3. product ac...

Which are the major requirements management activities? 1. Version Control 2. Change Control 3. Requirements Documenting 4. Requirements Status Tracking 5. Requirements Tracing A. 1,2,4,5 B. 2,3,4,5 C. 1,2,3,5 D. 1,3,4,5 - correct answerA. 1,2,4,5 The acquirer in outsourcing product development need to send which of the following documents to supplier at early? 1. request for proposal(RFP) 2. requirements specification 3. product acceptance criteria 4. Software test report A...

CISA Domain 2 Exam 183 Questions with Verified Answers IT management - CORRECT ANSWER the process of managing activities related to information technology operations and resources, which helps ensure that IT continues to support the defined enterprise objectives IT resource management - CORRECT ANSWER the process of pre-planning, scheduling and allocating the limited IT resources to maximize efficiency in achieving the enterprise objectives - When an organization invests its resources in...

Kralijic's Portfolio Purchasing Model evaluates goods on two criteria. What are they? correct answers Supply risk and profit impact The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality correct answers Procurement Why is the buy process so important to companies today? correct answers Because the buy process can generate sustainable advantage What is the final step in the procurement process? correct answers Evaluate supplier perfo...