Scmn 2150 exam 3 - Study guides, Class notes & Summaries

SCMN 2150 Test 2 Exam Questions And Answers (Updated And Verified) The purchase of merchandise at the optimum total cost, at the right time, in the right quantity - answerProcurement A company process that continuously re-evaluates and improves upon the companies procurement process - answerStrategic Sourcing The identification use and management of the resources a company needs to meet its goals - answerSupply management What is the goal of the procurement process? - answerhigher qualit...

SCMN 2150 Auburn Barto Test 2 Exam Questions With Verified Answers Supply management - answerThe identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives. focuses on linking strategies and decisions related to the procurement of goods and services strategic sourcing (1) - answeran institutional procurement process that continuously improves and re-evaluates t...

supply chain technology goals : 1. automated decision making 2. exception management 3. cross-chain visibility 4. planning and execution infrastructure ***underneath have: - scorecards & dashboards - automated data collection - data synchronization - supply chain expertise then - synchronized tools (technology), standard methods (process), relevant skills (people) SCM Software 2 | P a g e : - enterprise resource planning application - supplier relationship management - customer...

SCMN 2150 Exam 2 Questions And Answers (Updated And Verified) What are key supply chain information requirements? (6) - answer-Accuracy -Relevance -Current (timely) -Reliable -Transferable -Usable What benefits are created by supply chain information technology? (6) - answer1. Cross chain visibility 2. Speed up process 3. Allows agility (adapt and change) 4. Collaboration (internal or external data pools) 5. Differentiation 6. Risk management What capabilities does supply chain in...

SCMN 2150 Exam 2 Robert Straw Questions And Answers Latest Top Score. What is procurement? - correct answer. The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality What is strategic sourcing? - correct 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? - correct answe...

SCMN 2150 test 2 EXAM REVIEW SOLUTION Qs AND As What's the financial goal of procurement? - ANS-lowest total cost of ownership Companies devote limited time and effort to procurement and strategic sourcing because they can no longer provide a competitive advantage. - ANS-false What is the sequence of the five-step procurement process - ANS-1. identify need for material 2. evaluate supplier options 3. select best suppliers 4. release orders and receive products 5. measure and manage...

supply chain technology goals : 1. automated decision making 2. exception management 3. cross-chain visibility 4. planning and execution infrastructure ***underneath have: - scorecards & dashboards - automated data collection - data synchronization - supply chain expertise then - synchronized tools (technology), standard methods (process), relevant skills (people) SCM Software Page | 2 : - enterprise resource planning application - supplier relationship management - customer rel...

SCMN 2150 Test 1 Exam Questions With 100% Correct Answers What is Supply Chain Management? - answerIncludes all the activities that take place to get a product in your hands - from the time of raw materials extraction to the minute you pull out your credit card and take the final product home 7 Principles of Supply Chain Management - answer1. Segment customers based on service needs 2. Customize the logistics network 3. Drive operations from demand 4. Differentiate product closer to the...

SCMN 2150 Exam 2 Questions And Answers (Updated And Verified) What are key supply chain information requirements? (6) - answer-Accuracy -Relevance -Current (timely) -Reliable -Transferable -Usable What benefits are created by supply chain information technology? (6) - answer1. Cross chain visibility 2. Speed up process 3. Allows agility (adapt and change) 4. Collaboration (internal or external data pools) 5. Differentiation 6. Risk management What capabilities does supply chain in...

SCMN 2150: test #2 Exam Questions With Verified Answers 3 main steps of supply chain. - answer1. supply chain 2. strategic sourcing 3. procurement goal of supply management. - answerbuy products and services; at the right price; from the right source; at the right specification; in the right quantity; for delivery at the right time; to the right internal customer importance of supply management. - answerability to generate a sustainable advantage through lower costs, higher quality, and...