Scmn 3730 exam 2 - Study guides, Class notes & Summaries

SCMN 3730 EXAM 2 NEWEST ACTUAL EXAM COMPLETE 70 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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...

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 ...

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...

SCMN 3730 EXAM 2 NEWEST ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

SCMN 3730 EXAM WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED ANSWERS|FREQUENTLY TESTED QUESTIONS AND SOLUTIONS |ALREADY GRADED A+|NEWEST|GUARANTEED PASS |LATEST UPDATE

SCMN 3730 EXAM 2 ACTUAL EXAM GUIDE 2025|BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE FOR Obstacles of complete contracts - ANSWER-- high transaction costs - high enforcement (or verification) costs Principle-agent problem - ANSWER-When the agent (worker or manager) doesn't act in the best interest of the principle (owner). Principal - ANSWER-Person whom the action affects Agent - ANSWER-Person who acts Agency Relation...

SCMN 3730 EXAM 1 ACTUAL EXAM GUIDE 2024|BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATES FOR what are the features of the new model of progressive purchasing? - ANSWER-1. closer relationships with important suppliers 2. performing due diligence on suppliers before awarding long-term contracts 3. conducting worldwide searches for the best sources of supply 4. inviting key suppliers to participate in produce & process development what is...