SCMN 2150 Exam 2 Robert Straw Questions
and Answers
Question 1
What is procurement?
Correct Answer
The purchase of merchandise or services at the optimum possible total cost in the
correct amount and quality
Question 2
What is strategic sourcing?
Correct Answer
an institutional procurement process that continuously improves and re-evaluates
the purchasing activities of a company
Question 3
What is the difference between traditional purchasing and strategic sourcing?
Correct Answer
strategic sources seeks for continuous improvement
Page 1 of 14
, Question 4
What are the steps in the procurement process and why is it important to follow
them?
Correct Answer
1) Identify material & service needs
2) Evaluate supplier options
3) Select supplier
4) Release orders and receive products
5) Measure and manage performance
It is important to follow these steps because you do not want to make a decision
based on incomplete information
Question 5
What are the goals of supply chain management and why is it important?
Correct Answer
To 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
It is important because it wants to generate a sustainable advantage through lower
costs, higher quality, and better service from our global supply base of trading
partners
Question 6
What is a quadrant analysis and why is it important?
Correct Answer
A quadrant analysis is a visual tool that categorizes data or elements into four
quadrants based on two criteria, helping to prioritize and make decisions from
either the products or services. It is important for simplifying complex data,
identifying trends, and making informed choices in various fields.
Page 2 of 14
and Answers
Question 1
What is procurement?
Correct Answer
The purchase of merchandise or services at the optimum possible total cost in the
correct amount and quality
Question 2
What is strategic sourcing?
Correct Answer
an institutional procurement process that continuously improves and re-evaluates
the purchasing activities of a company
Question 3
What is the difference between traditional purchasing and strategic sourcing?
Correct Answer
strategic sources seeks for continuous improvement
Page 1 of 14
, Question 4
What are the steps in the procurement process and why is it important to follow
them?
Correct Answer
1) Identify material & service needs
2) Evaluate supplier options
3) Select supplier
4) Release orders and receive products
5) Measure and manage performance
It is important to follow these steps because you do not want to make a decision
based on incomplete information
Question 5
What are the goals of supply chain management and why is it important?
Correct Answer
To 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
It is important because it wants to generate a sustainable advantage through lower
costs, higher quality, and better service from our global supply base of trading
partners
Question 6
What is a quadrant analysis and why is it important?
Correct Answer
A quadrant analysis is a visual tool that categorizes data or elements into four
quadrants based on two criteria, helping to prioritize and make decisions from
either the products or services. It is important for simplifying complex data,
identifying trends, and making informed choices in various fields.
Page 2 of 14
