SCMN 3730 EXAM 1 | NEWEST ACTUAL
EXAM COMPREHENSIVE QUESTIONS
AND VERIFIED ANSWERS GRADED A+ |
100% PASS | 2025 UPDATE!
what are DRAWBACKS of using a cross-functional sourcing team? -
✔✔✔ Correct Answer > - does not guarantee success
- team process loss
- negative effects on individual members
- poor team decisions
what is supply base optimization? - ✔✔✔ Correct Answer > process
of determining the appropriate number & mix of suppliers to maintain
what are the factors affecting purchasing's position in the
organizational hierarchy? - ✔✔✔ Correct Answer > - history
- impact on organizational performance
- founders philosophy
- type of industry
- total spend on goods/services
- type of purchased materials/services
,strategic sourcing vs category management - ✔✔✔ Correct Answer >
- CM is an ongoing process that may be initiated by a thorough review
of stakeholder engagements but is focused on value elements that go
beyond simple price savings
- SS is often a one-time event, that is focused on leveraging to drive
down costs
what are appropriate uses of using a cross-functional team? - ✔✔✔
Correct Answer > - when facing a complex or large-scale business
decision
- when assignment directly affects firms competitive position
- no single function has sufficient resources to solve a problem
when should an organization consider the cross-functional team
approach? - ✔✔✔ Correct Answer >
when should a company use a decentralized purchasing function? -
✔✔✔ Correct Answer >
when should a company use a centralized purchasing function? - ✔✔✔
Correct Answer >
, what are the advantages of decentralized purchasing? - ✔✔✔ Correct
Answer > - speed & responsiveness
- understanding unique operational requirements
- new-product development support
- ownership of decisions affecting purchases
what are the advantages of centralized purchasing? - ✔✔✔ Correct
Answer > - leverage purchase volumes
- reduced duplication of purchasing effort
- coordination of purchasing strategies & plans
- coordination & management of company-wide purchasing systems
- development of specialized expertise
- meet corporate goals & manage company-wide change
the scope of the purchasing/supply management job function includes
what 4 major areas? - ✔✔✔ Correct Answer > 1. sourcing,
negotiation & contract management
2. market intelligence & research
3. operational support & follow-up
4. administration & data management
strategic activities of sourcing - ✔✔✔ Correct Answer > - manage
relationships with critical suppliers
EXAM COMPREHENSIVE QUESTIONS
AND VERIFIED ANSWERS GRADED A+ |
100% PASS | 2025 UPDATE!
what are DRAWBACKS of using a cross-functional sourcing team? -
✔✔✔ Correct Answer > - does not guarantee success
- team process loss
- negative effects on individual members
- poor team decisions
what is supply base optimization? - ✔✔✔ Correct Answer > process
of determining the appropriate number & mix of suppliers to maintain
what are the factors affecting purchasing's position in the
organizational hierarchy? - ✔✔✔ Correct Answer > - history
- impact on organizational performance
- founders philosophy
- type of industry
- total spend on goods/services
- type of purchased materials/services
,strategic sourcing vs category management - ✔✔✔ Correct Answer >
- CM is an ongoing process that may be initiated by a thorough review
of stakeholder engagements but is focused on value elements that go
beyond simple price savings
- SS is often a one-time event, that is focused on leveraging to drive
down costs
what are appropriate uses of using a cross-functional team? - ✔✔✔
Correct Answer > - when facing a complex or large-scale business
decision
- when assignment directly affects firms competitive position
- no single function has sufficient resources to solve a problem
when should an organization consider the cross-functional team
approach? - ✔✔✔ Correct Answer >
when should a company use a decentralized purchasing function? -
✔✔✔ Correct Answer >
when should a company use a centralized purchasing function? - ✔✔✔
Correct Answer >
, what are the advantages of decentralized purchasing? - ✔✔✔ Correct
Answer > - speed & responsiveness
- understanding unique operational requirements
- new-product development support
- ownership of decisions affecting purchases
what are the advantages of centralized purchasing? - ✔✔✔ Correct
Answer > - leverage purchase volumes
- reduced duplication of purchasing effort
- coordination of purchasing strategies & plans
- coordination & management of company-wide purchasing systems
- development of specialized expertise
- meet corporate goals & manage company-wide change
the scope of the purchasing/supply management job function includes
what 4 major areas? - ✔✔✔ Correct Answer > 1. sourcing,
negotiation & contract management
2. market intelligence & research
3. operational support & follow-up
4. administration & data management
strategic activities of sourcing - ✔✔✔ Correct Answer > - manage
relationships with critical suppliers
