Sourcing final - Study guides, Class notes & Summaries

TRL3701 Assignment 2 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED Answers, guidelines, workings and references ..........Transportation is the link between the processes of sourcing raw materials and transporting the final goods to the final customer. Historically, and still in most rural areas of Southern Africa, people use donkey carts and horses as a mode of transportation to move goads around or travel between places. Making use of public transportation involves various pr...

SCM 455: Final Exam Question an answers 100% correct 2024/2025 SCM 455: Final Exam Project Management - correct answer the application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project. Project - correct answer A project is a series of tasks with: -specific objectives, defined start and stop dates -limited resources, time, personnel, and budgets What are typical supply management projec...

SCM 301m Final Exam | Complete Solutions (Verified) In terms of supplier evaluation systems, quality, delivery, and cost management are ________. a. qualitative factors. b. quantitative indicators. c. macro variables. d. micro variables. Which of the followings does not describe RFQ? a. Based on buyer specification b. Strict buyer requirements c. Terms are negotiable d. Suppliers are qualified beforehand In order to save additional time, all types of request can be run in a/an __________ syste...

CIPS L4M4 LO1 What is sourcing? - correct answer Sourcing is the location, acquisition and management of all the vital inputs required for an organization to operate. What is tactical/operational sourcing? - correct answer Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? - correct answer Top-level decision making High-profit, high-risk items Long-term projects Collaborative relationships What aspe...

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 ...

LSCM FINAL STUDY EXAM QUESTIONS & ANSWERS 2024/2025 The fourth principle of supply chain management is to differentiate products closer to the customer. - ANSWERSTRUE Customer service is anything that touches the customer. - ANSWERSTRUE Given the current situation, especially with new software, transportation buying is comparatively easy. - ANSWERSFALSE Acme Battery distributes its batteries to warehouses, where they are stored until ordered by a retailer. The warehouses are locate...

ACE 231 Mergers and Acquisitions Final Exam || With Questions & Answers (Graded A+) ACE 231 Mergers and Acquisitions Final Exam || With Questions & Answers (Graded A+) Chapter 8: Managing Change and Innovation - ANSWER - -"Change or Die" and "if you don't like change, how do you think you'll like irrelevance" -The "Knowledge Economy" of the 90's is turning into the "Creative Economy" -Change comes from both inside and outside forces Three Critical Innovation Strategies: - ANS...

SCM 301 Final Exam Questions & Answers 2024/2025 Supply Management (6 Factors) - ANSWERS• Fosters social responsibility • Enhances quality • Enables access to technology and innovations • Ensures timely availability of resources • Reduces total cost (not just purchase price) • Minimizes supply risk Supply Risk - ANSWERSProbability of an unplanned event that negatively affects a firm; requires TRUST • Delays and disruptions • Thefts of intellectual property •...

SCMN 2150 FINAL Exam Questions With Verified Solutions Which global channel focuses on the documentation needed for government compliance, visibility, and control of goods moving globally. A.) Communication channel B.) Transaction channel C.) Distribution channel D.) Omni-channel A.) Communication channel According to a study by Stanford University, cross border trade processes can involve up to 106 steps. What problem does this cause? A.) Greater in-transit visibility B.) Lo...

CIPS L4M4 LO1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ What is sourcing? Correct Answer: Sourcing is the location, acquisition and management of all the vital inputs required for an organisation to operate. What is tactical/operational sourcing? Correct Answer: Low-level decision making High profit, low risk items Short-term projects Transactional relationships What is strategic sourcing? Correct Answer: Top-level decision making High-profit, h...