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MGMT 3300 -MIZZOU MANAGEMENT 3300 QUESTIONS WITH CERTIFIED ANSWERS

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MGMT 3300 -MIZZOU MANAGEMENT 3300 QUESTIONS WITH CERTIFIED ANSWERS

Institution
MGMT 3300
Course
MGMT 3300

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Strategic -


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focuses on long-term supplier relationship and commodity plans with the
objectives of identifying opportunities in areas such as cost reductions,
new technology advancements, and supply market trends




Request for Information (RFI) -


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issued to gather information about potential suppliers' products and
services. This is not a solicitation for business or an offer to do business. This
is for information gathering purposes only.

,Vertical -


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i. align our supply management strategies up and down with the
corporation which is above us




What approaches, other than the standard purchasing procedure, might be used to
minimize the small value order problem? - the problem of small monetary value
orders is resolved by simplifying or automating the process or consolidating
purchases


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to reduce the acquisition cycle time, reduce administrative costs, and free
up the buyer's time for higher value on more critical purchases




Be able to describe supply professional qualification criteria and associations


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Education - broad for supply chain today for opportunities in SCM
Training programs - offered through companies and associations to get
certified
Salary levels - High: greater than $55,000 to start
Professional associations - institute for supply management

, Request for Proposal (RFP) -used for more complex requirements in which price is
only one of several key decision factors.


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The buyer is planning to negotiate the price and terms. Includes a detailed
description of the requirements




Decentralized
Disadvantages


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1. More difficult to communicate among business units
2. Encourages users not to plan ahead
3. Operational versus strategic focus
4. Too much focus on local sources
5. No critical mass in organization for visibility/effectiveness
6. Lacks clout
7. Reporting at low level in organization
8. Cost of supply relatively high




Centralized
Disadvantages


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1. Lack of business focus
2. Narrow specialization and job boredom
3. Cost of central unit highly visible
4. Corporate staff appears excessive
5. Tendency to minimize legitimate differences in requirements

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Institution
MGMT 3300
Course
MGMT 3300

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Uploaded on
May 30, 2026
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Written in
2025/2026
Type
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