LSCM 3960 EXAM TWO UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

LSCM 3960 EXAM TWO UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Question:
LSCM 3960 EXAM TWO UPDATED
CORRECT ANSWERS
Which order does a strategic evolution to the
Balancing supply and demand, protecting
against uncertainty, and promoting
1
transportation economies.




Answer:
ACTUAL QUESTIONS AND
sourcing process follow
Traditional sourcing, strategic sourcing, e-

, 2
enabled procurement, integrated sourcing

Question:
In the Evaluate Supply Source step of the Strategic
Sourcing Process, the firm
Answer:
identifies all possible suppliers that might be able to satisfy the user's needs.

Question:
Procurement and materials management are related
activities in supply chain management.
Answer:
True

Question:
choose a supplier or suppliers, depending on the objectives of the sourcing
decision.
Answer:
In the Implement Sourcing Strategy step, the most
important thing is to

Question:
Strategic sourcing as a process is far more broad and
comprehensive than procurement. Overall, the process
starts with the formation of a
Answer:
committee.

Question:
____ exist for basic raw materials such as grain, oil, and
sugar.
Answer:
commodity markets

Question:
In the Item Procurement Importance Matrix, what
describes high risk, low value?
Answer:
Distinctives

Question:
Total procurement price includes (choose the best
answer):
Answer:
product price, transaction costs, and transportation costs