SCMN 2150 Exam 2 Robert Straw
2025/2026 Exam Questions with 100%
Correct Answers | Latest Update
What is procurement? - 🧠 ANSWER ✔✔The purchase of merchandise or
services at the optimum possible total cost in the correct amount and
quality
What is strategic sourcing? - 🧠 ANSWER ✔✔an institutional procurement
process that continuously improves and re-evaluates the purchasing
activities of a company
What is the difference between traditional purchasing and strategic
sourcing? - 🧠 ANSWER ✔✔strategic sources seeks for continuous
improvement
What are the steps in the procurement process and why is it important to
follow them? - 🧠 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
What are the goals of supply chain management and why is it important? -
🧠 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
What is a quadrant analysis and why is it important? - 🧠 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.
Why is it important to evaluate supplier performance? - 🧠 ANSWER ✔✔- To
monitor KPIs (key performance indicators) and take corrective action, to
ensure value is provided by suppliers
- To create visibility into process and performance across the entire supply
management lifecycle
Fill Rate - 🧠 ANSWER ✔✔Total Quantity Received / Total Quantity Ordered
Defect Rate - 🧠 ANSWER ✔✔Total Quantity Defective / Total Quantity
Received
On Time - 🧠 ANSWER ✔✔Orders Received On Time / Total Orders
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
2025/2026 Exam Questions with 100%
Correct Answers | Latest Update
What is procurement? - 🧠 ANSWER ✔✔The purchase of merchandise or
services at the optimum possible total cost in the correct amount and
quality
What is strategic sourcing? - 🧠 ANSWER ✔✔an institutional procurement
process that continuously improves and re-evaluates the purchasing
activities of a company
What is the difference between traditional purchasing and strategic
sourcing? - 🧠 ANSWER ✔✔strategic sources seeks for continuous
improvement
What are the steps in the procurement process and why is it important to
follow them? - 🧠 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
What are the goals of supply chain management and why is it important? -
🧠 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
What is a quadrant analysis and why is it important? - 🧠 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.
Why is it important to evaluate supplier performance? - 🧠 ANSWER ✔✔- To
monitor KPIs (key performance indicators) and take corrective action, to
ensure value is provided by suppliers
- To create visibility into process and performance across the entire supply
management lifecycle
Fill Rate - 🧠 ANSWER ✔✔Total Quantity Received / Total Quantity Ordered
Defect Rate - 🧠 ANSWER ✔✔Total Quantity Defective / Total Quantity
Received
On Time - 🧠 ANSWER ✔✔Orders Received On Time / Total Orders
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
