Scmn 3730 - Study guides, Class notes & Summaries

SCMN 3730: Exam 1 (Cole) Questions and Answers Graded A+ purchase of products or services at the right place, delivered at the right time, of the right quality, in the right quantity, from the right source procurement cost reductions increase _ margin procurement is a (primary/support) activity support lead times _, _ and _ the amount of time it takes for the product to arrive stabilize, reduce, ensure value advantages quicker response improved quality increased reliability...

purchase of products or services at the right place, delivered at the right time, of the right quality, in the right quantity, from the right source : procurement cost reductions increase _ : margin procurement is a (primary/support) activity : support lead times _, _ and _ the amount of time it takes for the product to arrive : stabilize, reduce, ensure value advantages : quicker response improved quality 2 | P a g e increased reliability improved relationships manage and mitiga...

SCMN 3730 Exam 2 Questions and Answers Already Graded A what are the 8 key principles of TQM? 1. Define quality in the terms of your customers and their requirement 2. pursue quality at the source 3. stress objective rather than subjective analysis 4. emphasize prevention rather than detection of defects 5. focus on process rather than output 6. strive for zero defects 7. establish continuous improvement as way of life 8. make quality everyone's responsibility What does process ca...

SCMN 3730 Barto Test 2 Questions and Answers 100% Pass What is Philip Crosby's definition of quality? conformance to requirements The average North American manufacturing firm spends how much of its cost of good sold on purchased goods and services? 55% What is the role of Inspections? The underlying consideration is that an organization recognizes that defects are inevitable and therefore must be inspected out of the process output. What are the 8 key principles of TQM? Define q...

SCMN 3730 EXAM 1 (COLE) EXAM LATEST 2024/2025 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED (DETAILED) ANSWERS/ALREADY GRADED A

SCMN 3730 CH. 11 STUDY GUIDE LATEST UPDATE GRADED A+ definition of price analysis Process of comparing supplier prices against external price benchmarks without knowledge of supplier costs definition of cost analysis Process of analyzing each individual cost element that add up to final price What are the four categories and related strategies in the Strategic Cost framework? 1) critical products - strategies - cost analysis - collaborative cost reduction efforts focused on total...

Dustin Cole SCMN 3730 Final Exam with Verified Answers Kraljic's purchasing matric High : Leverage, Strategic Low: Non- Critical, Critical/Bottle Neck Low,High Kraljic's purchasing requirements and focus - Strategic item's - Bottleneck item's - Leverage item's - non-critical item's Kraljic's management types - Focus - KPI - Typical Suppliers - Time Horizon - Item's purchased - Supply - Decision authority economies of scale Occur when costs per unit decline as th...

SCMN 3730 Exam 1 Latest Updated 2024 themes for successful supplier integration - correct answers--formalized process for selecting items -use of CFTs for supplier evaluation and selection -early supplier selection for design and volume work -supplier membership and team participation -direct cross-functional communication -co-location of buyer and supplier personnel -formal business unit trust development efforts -sharing of technology between buyer and supplier -joint educati...

what are the 8 key principles of TQM? : 1. Define quality in the terms of your customers and their requirement 2. pursue quality at the source 3. stress objective rather than subjective analysis 4. emphasize prevention rather than detection of defects 5. focus on process rather than output 6. strive for zero defects 7. establish continuous improvement as way of life 8. make quality everyone's responsibility What does process capability mean? : - the ability of the process to generate o...