SCMN 2150- test #2 Questions & Answers

SCMN 2150- test #2 Questions & Answers 3 main steps of supply chain. - ANS-1. supply chain 2. strategic sourcing 3. procurement goal of supply management. - ANS-buy products and services; 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 importance of supply management. - ANS-ability to generate a sustainable advantage through lower costs, higher quality, and better service from our global supply base of trading partners products and priorities of supply management. - ANS-1. production purchases 2. services 3. capital equipment 4. finished goods two types of production purchases. - ANS-1. direct materials 2. indirect materials direct materials - ANS-used in production processes and affects product value indirect materials - ANS-used outside production processes distinctive goods - ANS-limited number of suppliers and unique items; high risks and low spending levels critical goods - ANS-st