SCMN 2150 EVALUATION EXAMS UPDATED
QUESTIONS AND ANSWERS SURE A+
✔✔7.85%; 1.4 trillion - ✔✔what percent of U.S. GDP does logistics make up? how
much is spent on logistics?
✔✔reverse logistics - ✔✔after market customer services
✔✔at least 30% of all products ordered online are returned - ✔✔why do we need to
better manage returns?
✔✔ supply management - ✔✔The identification, acquisition, access, positioning,
management of resources and related capabilities the organization needs or potentially
needs in the attainment of its strategic objectives
✔✔strategic sourcing - ✔✔an institutional procurement process that continuously
improves and re-evaluates the purchasing activities of a company
✔✔procurement - ✔✔the purchase of merchandise or services at the optimum possible
total cost in the correct amount and quality
✔✔At the right price
From the right source
, At the right specification
In the right quantity
For delivery at the right time
To the right internal customer - ✔✔6 specifics of buying products and services for
procurement
✔✔buy products and services - ✔✔the 'what' of the focus of procurement
✔✔Understand business requirements
Streamline purchasing processes
Identify better sources of supply - ✔✔the 'how' of the focus of procurement
✔✔1. Monitor KPIs and take corrective action, to ensure value is provided by suppliers
2. Create visibility into process and performance across the entire supply management
life cycle - ✔✔2 reasons why it is important to evaluate suppliers
✔✔key performance indicator - ✔✔KPI
✔✔quality, cost, service, value added extras - ✔✔what needs to be measured?
✔✔meets specs - ✔✔aspects of quality
✔✔cost competitive - ✔✔aspects of cost
✔✔fill rate, timeliness, exceptions - ✔✔aspects of service
✔✔perfect purchase order percent - ✔✔Order arrives on time, without defects, and with
perfect documentation at the right location with correct quantities of all SKUs ordered
✔✔production - ✔✔the process by which inputs are combined, transformed, and turned
into outputs. May involve products and/or services
✔✔manufacturing - ✔✔to transform materials via assembly, fabrication, conversion
processes into a finished product, especially by means of a large-scale industrial
operation
✔✔input - ✔✔a resource used in the creation of output
✔✔transformation - ✔✔the operation or action that takes place
✔✔output - ✔✔what is created by transforming the inputs
✔✔goods and services - ✔✔output examples
QUESTIONS AND ANSWERS SURE A+
✔✔7.85%; 1.4 trillion - ✔✔what percent of U.S. GDP does logistics make up? how
much is spent on logistics?
✔✔reverse logistics - ✔✔after market customer services
✔✔at least 30% of all products ordered online are returned - ✔✔why do we need to
better manage returns?
✔✔ supply management - ✔✔The identification, acquisition, access, positioning,
management of resources and related capabilities the organization needs or potentially
needs in the attainment of its strategic objectives
✔✔strategic sourcing - ✔✔an institutional procurement process that continuously
improves and re-evaluates the purchasing activities of a company
✔✔procurement - ✔✔the purchase of merchandise or services at the optimum possible
total cost in the correct amount and quality
✔✔At the right price
From the right source
, At the right specification
In the right quantity
For delivery at the right time
To the right internal customer - ✔✔6 specifics of buying products and services for
procurement
✔✔buy products and services - ✔✔the 'what' of the focus of procurement
✔✔Understand business requirements
Streamline purchasing processes
Identify better sources of supply - ✔✔the 'how' of the focus of procurement
✔✔1. Monitor KPIs and take corrective action, to ensure value is provided by suppliers
2. Create visibility into process and performance across the entire supply management
life cycle - ✔✔2 reasons why it is important to evaluate suppliers
✔✔key performance indicator - ✔✔KPI
✔✔quality, cost, service, value added extras - ✔✔what needs to be measured?
✔✔meets specs - ✔✔aspects of quality
✔✔cost competitive - ✔✔aspects of cost
✔✔fill rate, timeliness, exceptions - ✔✔aspects of service
✔✔perfect purchase order percent - ✔✔Order arrives on time, without defects, and with
perfect documentation at the right location with correct quantities of all SKUs ordered
✔✔production - ✔✔the process by which inputs are combined, transformed, and turned
into outputs. May involve products and/or services
✔✔manufacturing - ✔✔to transform materials via assembly, fabrication, conversion
processes into a finished product, especially by means of a large-scale industrial
operation
✔✔input - ✔✔a resource used in the creation of output
✔✔transformation - ✔✔the operation or action that takes place
✔✔output - ✔✔what is created by transforming the inputs
✔✔goods and services - ✔✔output examples
