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

Purchasing and Supply Chain Management Chapter 1 Questions and Answers 2024. re-shoring Involves bringing some sourcing back to the United States. near-shoring Involves evaluating suppliers located closer to the United States. supply base consists of all the suppliers that provide an organization with its materials and services buying goods and services A functional activity functional group formal entity on the organizational chart

TEST BANK Principles of Supply Chain Management: A Balanced Approach 6th Edition by Joel Wisner, Keah-Choon , Keong Leong TABLE OF CONTENTS CHAPTER 1. Introduction to Supply Chain Management CHAPTER 2. Purchasing Management CHAPTER 3. Creating and Managing Supplier Relationships CHAPTER 4. Ethical and Sustainable Sourcing CHAPTER 5. Demand Forecasting CHAPTER 6. Resource Planning Systems CHAPTER 7. Inventory Management CHAPTER 8. Process Management—Lean and Six Sigma in the Supply Cha...

Purchasing and Supply Chain Management Study Guide Questions with Answers 2024. Evidence of the growth and influence of supply management in an organization includes more involvement in strategic planning and mergers and acquisitions. Company image may be directly influenced by: - treating suppliers in a fair and equitable manner. - complying with regulatory requirements. - labor, environmental, and ethical practices of suppliers. The use of the concepts of purchasing, pro...

Purchasing and Supply Chain Management Exam Revision Questions and Answers 2024. OSCM The design, operation, and improvement of the systems that create and deliver the firm's primary products and services. Functional Fields OSCM, Marketing, Finance, Sales Operations Manufacturing and service processes used to transform resources into products Supply Chain Processes that move information and material to and from the firm

Test Bank for Supply Chain Management: A Logistics Perspective 9th Edition by Coyle. Langley. Novack . Gibson. All Chapters Complete Questions and Answers (LATEST VERSION). Coyle Supply Chain Management: A Logistics Perspective, 9th Edition Chapter 1 Test Bank 1-7 CHAPTER 1 TEST QUESTIONS True-False 1. The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses. ANSWER: True, Page 5 2. A key element in Wal-Mart’s ability to discou...

What external change drivers have had the most impact on the development of global supply chains in the 21st century? correct answer: Globalization- inventory management challenges, larger/more complex supply chains Technology- internet, social media, worlds "knowledge pool" connected Organizational consolidation- more collaboration among orgs in supply chain empowered consumer- increased pressure on supply chain due to increase of demands at retail level gov. policy and regul...

Test Bank for Supply Chain Management: A Logistics Perspective 9th Edition by Coyle. Langley. Novack . Gibson. All Chapters Complete Questions and Answers (LATEST VERSION). Chapter 1 Test Bank 1-7 CHAPTER 1 TEST QUESTIONS True-False 1. The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses. ANSWER: True, Page 5 2. A key element in Wal-Mart’s ability to discount brand name products was an understanding of the criticality of ef...

CHAPTER 1 INTRODUCTION TO PURCHASING AND SUPPLY CHAIN MANAGEMENT  Understand the differences between purchasing and supply management  Understand the differences between supply chains and value chains  Identify the activities that are part of supply chain management  Appreciate the importance of supply chain enablers  Identify the historical stages of purchasing’s evolution Re-shoring involves bringing some sourcing back to the United States, while near-shoring involves ...

True - Answer- T/F: The outsourcing decision is really about who can do it best Offshore Outsourcing - Answer- You work for a company located in the United States and have decided to buy customer contact center services from a company located in India. What is this is called? Make versus buy - Answer- What is the "who should do it" question also called? False - Answer- T/F: A buy decision is also called reshoring False - Answer- If the best supplier is located outside of your home ...

CIPS Level 4 Module 1 Questions and Answers Rated A+ The Purchasing process 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually ...