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 education and training efforts
elements of consideration for early supplier selection - correct answers--targets
-timing
-ramp-up
-innovation and technical
-training
-resource commitment
,white box design - correct answers-supplier is given blueprints and told to make a
product from them
gray box design - correct answers-supplier's engineers work cooperatively with
buyer's engineers in joint design
black box design - correct answers-suppliers are provided functional
specifications and create design
elements of successful supplier suggestion programs - correct answers--share
savings equitably, often 50-50 gain share
-focus on cost improvement, not simply cutting supplier margins
-provide prompt feedback to supplier
-implement good suggestions promptly
-publicly acknowledge supplier's contribution
drop ship - correct answers-fulfillment of a customer order shipped directly to
the buyer's customers from the supplier location
,-can be a very efficient way of fulfilling orders without having to carry inventory
and additional handling costs
vendor managed inventory - correct answers-assists in managing the inventory
of materials and services, provide technical support, and in some cases even aid
in assembling and producing the product or service
-typically, ownership of the inventory stays with the supplier until consumed by
the buyer in the fulfillment process
-order fulfillment labor costs can also be shared with supplier
-can also be accomplished with system integration rather than requiring on-site
personnel
new progressive purchasing model - correct answers--closer relationships with
key suppliers
-performing due diligence on suppliers before awarding long-term contracts
-conducting worldwide searches for the best sources of supply
-inviting key suppliers to participate in product and process development
also, executive managers began to require purchasing professionals to achieve
demanding performance improvements
, today's business climate - correct answers--an abundance of global competitors
and choices have conditioned customers to want higher quality, faster delivery,
and products and services tailored to their individual needs at a lower total cost
-as the demand for new high-quality products increased, organizations had to
become flexible and responsive to modify existing products, services, and
processes, or to develop new ones to meet ever-changing customer needs
-companies began to realize that material and service inputs suppliers had a
major impact on their ability to meet customer needs, which led to an increased
focus on the supply base and the responsibilities of purchasing
outsourcing - correct answers-contracting with independent suppliers outside the
organization (domestic or foreign) to provide products or services that were
performed inside the organization
offshoring - correct answers-contracting with independent suppliers/vendors
located outside geographic boundaries of the United States for these goods and
services
reshoring - correct answers-bringing some sourcing back to the US
nearshoring - correct answers-evaluating suppliers located closer to the US,
such as suppliers in Mexico, Canada, and Central and South America
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 education and training efforts
elements of consideration for early supplier selection - correct answers--targets
-timing
-ramp-up
-innovation and technical
-training
-resource commitment
,white box design - correct answers-supplier is given blueprints and told to make a
product from them
gray box design - correct answers-supplier's engineers work cooperatively with
buyer's engineers in joint design
black box design - correct answers-suppliers are provided functional
specifications and create design
elements of successful supplier suggestion programs - correct answers--share
savings equitably, often 50-50 gain share
-focus on cost improvement, not simply cutting supplier margins
-provide prompt feedback to supplier
-implement good suggestions promptly
-publicly acknowledge supplier's contribution
drop ship - correct answers-fulfillment of a customer order shipped directly to
the buyer's customers from the supplier location
,-can be a very efficient way of fulfilling orders without having to carry inventory
and additional handling costs
vendor managed inventory - correct answers-assists in managing the inventory
of materials and services, provide technical support, and in some cases even aid
in assembling and producing the product or service
-typically, ownership of the inventory stays with the supplier until consumed by
the buyer in the fulfillment process
-order fulfillment labor costs can also be shared with supplier
-can also be accomplished with system integration rather than requiring on-site
personnel
new progressive purchasing model - correct answers--closer relationships with
key suppliers
-performing due diligence on suppliers before awarding long-term contracts
-conducting worldwide searches for the best sources of supply
-inviting key suppliers to participate in product and process development
also, executive managers began to require purchasing professionals to achieve
demanding performance improvements
, today's business climate - correct answers--an abundance of global competitors
and choices have conditioned customers to want higher quality, faster delivery,
and products and services tailored to their individual needs at a lower total cost
-as the demand for new high-quality products increased, organizations had to
become flexible and responsive to modify existing products, services, and
processes, or to develop new ones to meet ever-changing customer needs
-companies began to realize that material and service inputs suppliers had a
major impact on their ability to meet customer needs, which led to an increased
focus on the supply base and the responsibilities of purchasing
outsourcing - correct answers-contracting with independent suppliers outside the
organization (domestic or foreign) to provide products or services that were
performed inside the organization
offshoring - correct answers-contracting with independent suppliers/vendors
located outside geographic boundaries of the United States for these goods and
services
reshoring - correct answers-bringing some sourcing back to the US
nearshoring - correct answers-evaluating suppliers located closer to the US,
such as suppliers in Mexico, Canada, and Central and South America
