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Scm 421 exam 3 qa 2023 - Study guides, Class notes & Summaries

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SCM 421 Exam 3 Q&A 2023

  • SCM 421 Exam 3 Q&A 2023

  • Exam (elaborations) • 14 pages • 2023
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    • What are the 4 steps to category planning? - Answer- Step 1: Define Objectives (Create Visibility) Step 2: Get the Facts (Define Boundaries) Step 3: Develop a Plan (Establish Priorities) -Focus on the "Big" Stuff -Manage the Small Stuff Step 4: Implement the Plan; Evaluate the Results (Stay Organized—and disciplined) How do you define your company's strategic position? - Answer- Define strategy (customer, strategic position, value proposition) and purchasing's fit (role of purchas...
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