Scmn 2150 exam 2 straw Study guides, Class notes & Summaries
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SCMN 2150 Exam 2 Robert Straw Questions and Answers Already Passed
- Exam (elaborations) • 15 pages • 2024
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SCMN 2150 Exam 2 Robert Straw 
Questions and Answers Already Passed 
 
What is procurement? The purchase of merchandise or services at the optimum possible total 
cost in the correct amount and quality 
 
What is strategic sourcing? 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? strategic 
sources seeks for continuous improvement 
 
What are t...
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SCMN 2150: EXAM 2 (STRAW)
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Procurement 
The purchase of merchandise or services at the optimal total cost, the correct quantity, the correct time, and the correct quality. The tactical aspect of the buy process. The goal is to get exactly what they want when they need it. Day to day purchasing function. 
Strategic Sourcing 
An institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. Focus on continuous improvement of procurement 
Strategic focuses on continuous ...
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SCMN 2150 EXAM 2 ROBERT STRAW QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
- Exam (elaborations) • 9 pages • 2024
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SCMN 2150 EXAM 2 ROBERT STRAW QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
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SCMN 2150 Exam 2 Robert Straw Questions & Correct Answers | Latest Update |Already Graded A+
- Exam (elaborations) • 15 pages • 2024
- Available in package deal
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- $10.29
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What is procurement? 
: The purchase of merchandise or services at the optimum possible total cost in 
the correct amount and quality 
What is strategic sourcing? 
: 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? 
: strategic sources seeks for continuous improvement 
What are the steps in the procurement process and why is it important to foll...
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