Purchasing and Supply Chain Management Study guides, Class notes & Summaries

CPIM Part 1 Exam Practice Questions And Answers 100% Solved Which of the following tools is considered an important quality management tool? - answerControl Chart. The primary use of control charts is to detect assignable causes of variation in a process. In a bill of material, the path that adds up to the greatest number of lead time periods defines the: - answerCumulative lead time; cumulative lead time for an items consists of the longest lead time path for a given bill of material. De...

SHRM-CP People Situational Questions And Answers 2023 (A+) One of HR's strategic abilities is an awareness of external factors that can affect the organization and HR's job. Which task reflects this ability? a. Creating job alignment between the HR and organizational strategies. b. Conducting annual employee surveys c. Gathering information about technologies that could increase HR productivity d. Networking with leaders of other functions to build consultative relationships - Corre...

inventory investment - Answer the dollars that are in all levels of inventory semifinished goods - Answer products that have been stored in an incomplete state and are awaiting final operations that will adapt them to different uses or customer specifications MRO supplies - Answer items used in eneral support of operations and maintenance, such as maintenance suppllies, spare parts, and consumables used in the manufacturing process and support operations independent demand - Answer the ...

GMS 401 Midterm: Chapters 1-5 Questions and Answers How many of Characteristics of Operations are there? - Answer- 5 1st Characteristic of Operations - Answer- Accounts for largest share of the personnel and fixed capital investment 2nd Characteristic of Operations - Answer- Runs 24/7 and must be managed continously 3rd Characteristic of Operations - Answer- Complex system with the best technology 4th Characteristic of Operations - Answer- Management is information intensive and require...

Sourcing and Purchasing Exam 2 Study Guide 2023 Category Refers to a specific family of products or services that are used in delivering value to the end customer. Integrative Strategy Development four levels: 1. Corporate strategies 2. Business unit strategies 3. Supply management strategies 4. Category / sourcing strategies Integrative The strategy is drafted by (or has significant input from) those people responsible for implementation. Companies that are successful in deploying su...

LEED v4 GA Practice Exam 100 Questions & Answers __________ evaluates the environmental effects of the life of a service, product, or project, inputs and outputs into the system. A. Life Cycle Analysis B. Location Valuation Factor C. Life Cycle Cost D. Waste Hierarchy ____________ is a voluntary, consensus-based national standard for developing high-performance, sustainable buildings and interiors. A. Living Building Challenge B. United States Green Building Council C. Leadership...

MNB1601 Assignment 1 Semester 2023/2024 South Africa Airways (SAA) strives for low variability in respect of times of scheduled departures to various destinations. Lower variability is the positive result of doing things _________________ . - CORRECT ANSWER right every time The inputs-process-output elements of the value chain is also known as the _____________ . - CORRECT ANSWER transformation model Which one of the following represents an input for an airline which makes transform...

CIPS L6M8 - Innovation in Procurement and Supply Supply chain integration Supply chain integration requires the procurement professional to develop strategic collaboration with key supply chain partners and understand customer requirements. Behaviours to enhance innovation Pellathy identified 3 key behaviours that affect how individuals engage with each other: 1, Task behaviours - how an individual executes tasks of their role 2, Organisational citizenship - the quality of a person's in...

Creating an extensive distribution system in order to reduce shipment time to customers conflicts with which of the following objectives? - Answer Lowest distribution costs Which is set up when a product is available from several sources but only one source gets all of the business? - Answer Single-Source Supplier Which originated with the department or person who will be the ultimate user - Answer Purchase requisition Which of the following provides insight into why the acquisition cos...

GFEBS L250E Acquisition Process Overview Spending Chain Process - Answer-The Acquisition process: Material Master Data Vendor Master Data Procurement with Logistics The Accounts Payable process Material Master Data - Answer-sub-process encompasses the creation and maintenance of material master data. The main activity associated with this sub-process is: Perform Material Configuration: Source, maintain, and apply material master data. Vendor Master Data - Answer-sub-process encompas...