Scmn 2150 test 2 Study guides, Class notes & Summaries
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SCMN 2150 Test 2 Auburn University Exam Review Questions & Answers
- Exam (elaborations) • 5 pages • 2023
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SCMN 2150 Test 2 Auburn University Exam Review Questions & Answers 
What is procurement? - ANSWER-process of actually purchasing goods and services 
How does procurement differ from strategic sourcing? - ANSWER-Procurement 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 outsou...
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SCMN 2150 Test 2 Questions And Revised Correct Answers
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SCMN 2150 Test 2 Questions 
And Revised Correct Answers 
What are transforming resources? 
a.)Supporting tools to execute production 
b.)Materials used to build a product 
c.)The products that companies build 
d.)The day-to-day operations of production - 
ANSWER : a.)Supporting tools to execute 
production 
The dependability performance objective in 
manufacturing focuses on doing things fast and 
productively. 
a.)True 
b)False - ANSWER : b.) false 
Which of the following is a goal of prod...
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SCMN 2150 Test 2 with Complete Solutions
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SCMN 2150 Test 2 with Complete 
 
Solutions 
 
supply management The 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 an institutional procurement process that continuously improves and re- 
evaluates the purchasing activities of a company 
 
procurement the purchase of merchandise or services at the optimum possible total cost in 
th...
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SCMN 2150 Test 2 Questions and Answers with Verified Solutions
- Exam (elaborations) • 15 pages • 2024
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SCMN 2150 Test 2 Questions and 
Answers with Verified Solutions 
 
What is procurement? The purchase of merchandise or services at the optimum possible total 
cost in the correct amount and quality. 
 
How does procurement differ from strategic sourcing and supply management? Procurement 
is buying the merchandise or services while SS tries to improve the buying process and SM is 
setting up in order to attain what it needs. 
 
What is strategic sourcing? The process of analyzing an organization...
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SCMN 2150 Test 2 Exam Questions And Revised Correct Answers
- Exam (elaborations) • 9 pages • 2024
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SCMN 2150 Test 2 Exam Questions 
And Revised Correct Answers 
Supply management - ANSWER : The 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 - ANSWER : an institutional procurement 
process that continuously improves and re-evaluates the 
purchasing activities of a company 
Procurement - ANSWER : the purchase of merchandise or...
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SCMN 2150 Test 2 Modules 4, 5, 6 Questions and Answers Already Passed
- Exam (elaborations) • 10 pages • 2024
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SCMN 2150 Test 2 Modules 4, 5, 6 
Questions and Answers Already Passed 
 
What is logistics? The part of supply chain management that focuses on the planning, 
implementation, and control of the flow and storage of goods, relevant info., and related services 
 
What is fulfillment? The primary method of distributing product to a store. The process that 
begins with an order inquiry and ends with the delivery of a product to a customer. 
 
Why have logistics and fulfillment grown in importance? P...
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SCMN 2150 TEST 2 QUESTIONS AND ANSWERS
- Exam (elaborations) • 6 pages • 2024
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supply management - Answer-The 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 - Answer-an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company 
 
procurement - Answer-the purchase of merchandise or services at the optimum possible total cost in the correct amount and qual...
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SCMN 2150 Test 2 Auburn University Questions and Answers 100% Pass
- Exam (elaborations) • 7 pages • 2024
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SCMN 2150 Test 2 Auburn University 
Questions and Answers 100% Pass 
 
What is procurement? process of actually purchasing goods and services 
 
How does procurement differ from strategic sourcing? Procurement 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 outsourcing? obtain ...
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SCMN 2150 Test 2 Auburn University with complete solution ( Latest updated )
- Exam (elaborations) • 10 pages • 2024
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Available in package deal
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- $7.99
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SCMN 2150 Test 2 Auburn University with complete solution ( Latest updated )
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SCMN 2150 Test 2 Questions & Correct Answers | Latest Update |Already Graded A+
- Exam (elaborations) • 15 pages • 2024
- Available in package deal
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What is procurement? 
: The purchase of merchandise or services at the optimum possible total cost in 
the correct amount and quality. 
How does procurement differ from strategic sourcing and supply management? 
: Procurement is buying the merchandise or services while SS tries to improve the 
buying process and SM is setting up in order to attain what it needs. 
What is strategic sourcing? 
: The process of analyzing an organization's spending and using the analysis to 
make effective decis...
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