Strategic Sourcing Study guides, Class notes & Summaries

Test Bank for Operations and Supply Chain Management 16th Edition By F. Robert Jacobs and Richard Chase. Section One: Strategy, Products, and Capacity Ch. 1 Introduction Ch. 2 Strategy Ch. 3 Design of Products and Services Ch. 4 Projects Ch. 5 Strategic Capacity Management 5S Investment Analysis Ch. 6 Learning Curves Section Two: Manufacturing and Service Processes Ch. 7 Manufacturing Processes 7S Manufacturing Technology Ch. 8 Facility Layout Ch. 9 Service Processes 9S Health Care Ch. 10 Waitin...

CIPS L4M8 Exam Questions And Answers Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with the yp...

Dustin Cole SCMN 3730 Final Exam with Verified Answers Kraljic's purchasing matric High : Leverage, Strategic Low: Non- Critical, Critical/Bottle Neck Low,High Kraljic's purchasing requirements and focus - Strategic item's - Bottleneck item's - Leverage item's - non-critical item's Kraljic's management types - Focus - KPI - Typical Suppliers - Time Horizon - Item's purchased - Supply - Decision authority economies of scale Occur when costs per unit decline as th...

Test Bank for Operations and Supply Chain Management 16th Edition By F. Robert Jacobs and Richard Chase. Section One: Strategy, Products, and Capacity Ch. 1 Introduction Ch. 2 Strategy Ch. 3 Design of Products and Services Ch. 4 Projects Ch. 5 Strategic Capacity Management 5S Investment Analysis Ch. 6 Learning Curves Section Two: Manufacturing and Service Processes Ch. 7 Manufacturing Processes 7S Manufacturing Technology Ch. 8 Facility Layout Ch. 9 Service Processes 9S Health Care Ch. 10 Waitin...

Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False - Answer B. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources - Answer B. Customers When purchasing and supply management works well within an organization, the company acquires the best resources from arou...

Test Bank for Operations and Supply Chain Management 16th Edition By F. Robert Jacobs and Richard Chase. Section One: Strategy, Products, and Capacity Ch. 1 Introduction Ch. 2 Strategy Ch. 3 Design of Products and Services Ch. 4 Projects Ch. 5 Strategic Capacity Management 5S Investment Analysis Ch. 6 Learning Curves Section Two: Manufacturing and Service Processes Ch. 7 Manufacturing Processes 7S Manufacturing Technology Ch. 8 Facility Layout Ch. 9 Service Processes 9S Health Care Ch. 10 Waitin...

SCM definition correct answers resources capabilities strategic SCM includes everything except correct answers productions scheduling Which is not a reason to manufacture in house correct answers insufficient capacity When would you use an external supplier correct answers better cost of control Tc manufacturing correct answers tc=fc + (vc * q) outsourcing correct answers tc= p*q Breakeven correct answers q= fc/(p-vc) total cost of ownership analysis correct answers extends ...

Name the 13 stages of the procurement cycle - Answer-1. Understand the need. 2. Market Commodity options. 3. Develop Stratgey/ Plan. 4. Pre-procurement / market test. 5. Develop required documentation. 6. Supplier Selection. 7. Issue invitation to tender. 8. Bid / tender evaluation. 9. Contract Award. 10. Warehouse logistics & receipt. 11. Contract performance review and continuous improvement. 12. Supplier relationships / contract management. 13. Asset management / end of life. Por...

L4M4 - CHAPTER 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ What is Tactical sourcing? Correct Answer: Low level decision making High profit, low risk items Short term projects Transactional relationships What is Strategic sourcing? Correct Answer: Top level decision making High profit, high risk items Long term projects Collaborative relationships What factors typically represent value to the procurement organisation when sourcing? Correct Answe...

To enhance the chance for successful strategic alliances, the supply manager must: - Answer- identify suppliers whose management views on quality and productivity match those of the buying organization and have both parties establish expectations. Strategic supply management is founded on the conviction that a significant contribution to competitive edge is made by: - Answer- suppliers, supply systems and buyer-supplier relationships Supply chain management effectiveness is driven primaril...