SCM 300 / SCM300 Exam 1: (Latest
Update ) Global Supply
Operations | Modules 1 - 4 |
Questions & Answers | 100%
Correct | Grade A - ASU
Question:
Selecting a Supplier- company as customer
Answer:
1. cost/price
2. quality
3. time
4. flexibility
,Question:
When to Make your product
Answer:
Proprietary technology
No competent supplier
Better quality control
Idle Capacity
Control - lead times, costs, etc.
Question:
When to buy your product
Answer:
Insufficient capacity
Lack of expertise- they'll make it better
Quality
,Question:
Centralized purchasing
Answer:
have a centralized purchasing department for the entire organization
Volume
Avoid Duplication
Specialization
Consolidated shipping
Common supply base
Question:
decentralized purchasing
Answer:
each department of the organization has their own purchasing department
Closer knowledge of requirements
Local sourcing - Relationships, lead times, flexibility
Less bureaucracy
, Question:
Material Requisition (MR)
Answer:
document used to initiate the purchasing process
Question:
Request for Quotation (RFQ)
Answer:
if product not in stock then RFQ can be issued to get the item in stock
Question:
Purchase Order (PO)
Answer:
contract that states the terms and conditions of the order
Question:
Vertical Integration
Answer:
company taking on additional supply classes (Forward and backward)
Update ) Global Supply
Operations | Modules 1 - 4 |
Questions & Answers | 100%
Correct | Grade A - ASU
Question:
Selecting a Supplier- company as customer
Answer:
1. cost/price
2. quality
3. time
4. flexibility
,Question:
When to Make your product
Answer:
Proprietary technology
No competent supplier
Better quality control
Idle Capacity
Control - lead times, costs, etc.
Question:
When to buy your product
Answer:
Insufficient capacity
Lack of expertise- they'll make it better
Quality
,Question:
Centralized purchasing
Answer:
have a centralized purchasing department for the entire organization
Volume
Avoid Duplication
Specialization
Consolidated shipping
Common supply base
Question:
decentralized purchasing
Answer:
each department of the organization has their own purchasing department
Closer knowledge of requirements
Local sourcing - Relationships, lead times, flexibility
Less bureaucracy
, Question:
Material Requisition (MR)
Answer:
document used to initiate the purchasing process
Question:
Request for Quotation (RFQ)
Answer:
if product not in stock then RFQ can be issued to get the item in stock
Question:
Purchase Order (PO)
Answer:
contract that states the terms and conditions of the order
Question:
Vertical Integration
Answer:
company taking on additional supply classes (Forward and backward)
