SCMN 2150: Module 5-8 Robert Straw Auburn Exam
2026 Guide
1. According to the reading the final step of D. track performance metrics and opti-
strategic sourcing is to: mize sourcing plan
A. integrate suppliers into existing processes
B. negotiate with and select suppliers
C. analyze product categories used by the busi-
nesses and spending patterns
D. track performance metrics and optimize
sourcing plan
2. According to the reading, the most popular A. expanding the supply base
response to COVID-19 will be which large scale
sourcing change?
A. expanding the supply base
B. increasing financing for key suppliers
C. maintaining processes as is
D. reducing inventory levels
3. According to the reading, strategic sourcing B. total cost of ownership
differs from conventional purchasing because
it places emphasis on and optimizing
the sourcing process through ongoing market
analysis and building relationships with sup-
pliers.
A. purchase price
B. total cost of ownership
C. landed cost
D. total value minimization
4. According to the reading, the total value opti- D. price, supplier relationships, sus-
mization measure of success for strategic pro- tainability
, SCMN 2150: Module 5-8 Robert Straw Auburn Exam
2026 Guide
curement focuses on:
A. reduction in purchase price
B. price, quality, durability, market savings
C. price, specifications, value stream
D. price, supplier relationships, sustainability
5. What is procurement? the process of acquiring goods and
services from 3rd party vendors as op-
timum total cost, correct time, quality,
and quantity
6. What is procurement referred to as? The Buy Process
7. What is The Buy Process - the activities that bring needed re-
sources into an organization; initiates
the flow of materials in the supply
chain
-encompasses foundation concepts,
procurement process, and strategic
sourcing
8. 3 Characteristics of The Buy Process 1. organizations are not vertically inte-
grated
2. the supply base is geographically
dispersed
3. the buy process can provide com-
petitive advantage
9. T/F Procurement varies among business TRUE
needs
10. What is supply management?
2026 Guide
1. According to the reading the final step of D. track performance metrics and opti-
strategic sourcing is to: mize sourcing plan
A. integrate suppliers into existing processes
B. negotiate with and select suppliers
C. analyze product categories used by the busi-
nesses and spending patterns
D. track performance metrics and optimize
sourcing plan
2. According to the reading, the most popular A. expanding the supply base
response to COVID-19 will be which large scale
sourcing change?
A. expanding the supply base
B. increasing financing for key suppliers
C. maintaining processes as is
D. reducing inventory levels
3. According to the reading, strategic sourcing B. total cost of ownership
differs from conventional purchasing because
it places emphasis on and optimizing
the sourcing process through ongoing market
analysis and building relationships with sup-
pliers.
A. purchase price
B. total cost of ownership
C. landed cost
D. total value minimization
4. According to the reading, the total value opti- D. price, supplier relationships, sus-
mization measure of success for strategic pro- tainability
, SCMN 2150: Module 5-8 Robert Straw Auburn Exam
2026 Guide
curement focuses on:
A. reduction in purchase price
B. price, quality, durability, market savings
C. price, specifications, value stream
D. price, supplier relationships, sustainability
5. What is procurement? the process of acquiring goods and
services from 3rd party vendors as op-
timum total cost, correct time, quality,
and quantity
6. What is procurement referred to as? The Buy Process
7. What is The Buy Process - the activities that bring needed re-
sources into an organization; initiates
the flow of materials in the supply
chain
-encompasses foundation concepts,
procurement process, and strategic
sourcing
8. 3 Characteristics of The Buy Process 1. organizations are not vertically inte-
grated
2. the supply base is geographically
dispersed
3. the buy process can provide com-
petitive advantage
9. T/F Procurement varies among business TRUE
needs
10. What is supply management?
