Scmn 2150 test 2 - Study guides, Class notes & Summaries

SCMN 2150 Test 2 Exam Questions With Verified Answers The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality. - answerWhat is a procurement? Institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company - answerWhat is strategic sourcing? strategic sourcing plays a more intense role in evaluating the the best possible price based on other aspects that affect selling the product vs ...

SCMN 2150 - Test 2 Gibson Questions And Revised Correct Answers Which characteristic of high quality data ensures that the data is portable and readable by multiple systems - ANSWER : Transferability (T/F) Companies are actively investing in supply chain technology to enhance the customer experience and support growth. - ANSWER : True This software extracts data from operating systems across the supply chain to a data warehouse where it is quickly analyzed and sent to decision...

SCMN-2150 Test 2 Questions And Revised Correct Answers What is a procurement? - ANSWER : Purchase of merchandise/services at the optimum total cost, correct quantity, time and quality (day to day purchasing function) What is strategic sourcing? - ANSWER : 1) what to buy and from where (focus on improving) 2) The institutional process that continuously re-evaluates and improves the purchasing activities of a company. Differences between traditional purchasing and strategic sourc...

SCMN 2150 Auburn Barto Test 2 with complete solution ( Latest updated )

SCMN 2150 Test 2 Questions And Answers (Updated And Verified) 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 strategic sourcing - answeran institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company procurement - answerthe purchase of merchandise or services at th...

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 - Test 2 Gibson Questions and Answers Rated A+ Which characteristic of high quality data ensures that the data is portable and readable by multiple systems Transferability (T/F) Companies are actively investing in supply chain technology to enhance the customer experience and support growth. True This software extracts data from operating systems across the supply chain to a data warehouse where it is quickly analyzed and sent to decision makers Business Intelligence Sof...

SCMN 2150 Test 2 Exam Questions And Answers (Updated And Verified) What is procurement? - answerprocess of actually purchasing goods and services How does procurement differ from strategic sourcing? - answerProcurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. What is outsourcin...

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...