Scm 421 exam 1 - Study guides, Class notes & Summaries
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SCM 421 Exam 1 Q&A 2023
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What are retail chains large enough to buy directly from manufactures called? - Answer- National Accounts 
 
What are retail chains large enough to buy directly from manufactures called? - Answer- National Accounts 
 
Which of the following is NOT a process that must be managed in the SCOR MODEL? - Answer- Assess 
 
Which of the following is NOT a process that must be managed in the SCOR MODEL? - Answer- Assess 
 
Your goal as a purchasing professional should always be to get the lowest possible...
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SCM 421 EXAM 1
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Purchasing in the pre 1970s - Answer- CLERICAL ERA 
-before WW2: purchasing was a clerical function 
-purchasing world 
-subordinated to other function within the firm 
 
Purchasing in the late 1980's-90's - Answer- TRANSACTIONAL ERA 
-materials costs= 60% of COGS in the U.S.A 
-traditional activities (purchasing) continued 
-new responsibilities included supplier management, lean management, and outsourcing 
 
Purchasing in the 2000's to present day - Answer- STRATEGIC ERA 
-from purchasing ...
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SCM 421 Final Exam/SCM 421 Exam 2 Q&A/SCM 421 Exam 3 Q&A 2023/SCM 421 MIDTERM QUESTIONS AND ANSWERS/SCM421 EXAM 1 QUESTIONS AND ANSWERS/SCM 421 Exam 3
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SCM 421 Final Exam/SCM 421 Exam 2 Q&A/SCM 421 Exam 3 Q&A 2023/SCM 421 MIDTERM QUESTIONS AND ANSWERS/SCM421 EXAM 1 QUESTIONS AND ANSWERS/SCM 421 Exam 3
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SCM 421 Exam 1 Questions
- Exam (elaborations) • 12 pages • 2023
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SCM 421 Exam 1 Questions
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