SCMN 2150 Module 5 Questions and Answers 100% Pass

SCMN 2150 Module 5 Questions and Answers 100% Pass What type of purchases should receive a supply manager's lowest priority and time commitment? Generic goods Which type of purchases include the modules and components that are used in production processes and add value to the product? Direct materials What is the sequence of the five-step procurement process? 1. identify need for materials and services 2. evaluate supplier options 3. select best suppliers 4. release orders and receive products 5. measure and manage supplier performance In which procurement step do you rate suppliers based on their capability, capacity, and past performance? Evaluate potential suppliers According to this week's reading, the majority of business activity focuses on what area? Services According to this week's articles, procurement managers need to focus less like cost analysts and more like business owners true Nike is a great manufacturing company that has little reason to outsource production of its clothing, shoes, and equipment. false What is the process of determining the most attractive alternative involves comparing the internal costs avoided by outsourcing to the costs of outsourcing? Make-or-buy analysis What is a primary risk of poor outsourcing decisions? output quality will decline In which step of the purchasing process do you electronically transmit requirements to suppliers about needed model numbers, quantities, and delivery dates? order release Procurement: the buy process -the activities that focus on bringing needed resources into an organization Key Topics: -foundation concepts -the procurement process -strategic sourcing The Buy Process -initiates the flow of materials in the supply chain -can generate a sustainable advantage through lower costs, higher quality, and better service from our global supply base of trading partners Important: 1. organizations are not vertically integrated 2. the supply base is geographically dispersed 3. the buy process can provide competitive advantage 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