OMGT 6213 Final Comprehensive
Questions (Frequently Tested) and
Complete Solutions Graded A+ ECU
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Supply Management - Answer: The broad set of activities carried out by
organizations to analyze sourcing opportunities, develop sourcing
strategies, select suppliers, and carry ou tall the activities required to
procure goods and services
,Cost of Goods Sold (COGS) - Answer: The purchased cost of goods from
outside suppliers. It tells us how much a company has paid for the
goods that it sold to its customers
Merchandise Inventory - Answer: Shows how much the company paid
for the inventory it had on hand at the time of the report
Profit Margin - Answer: The ratio of earnings to sales for a given time
period
Profit Margin Equation - Answer: 100% x (Earnings / Sales)
Return on Assets (ROA) - Answer: A measure of financial performance,
generally defined as earnings/total assets
ROA Equation - Answer: 100% x (Earnings / Assets)
Profit Leverage Effect - Answer: $1 in cost savings increases pretax
profits by $1, while a $1 increase in sales increases pretax profits by
only $1 multiplied by the pretax profit margin
, Strategic Sourcing - Answer: Concerned with identifying ways to
improve long-term business performance by better understanding
sourcing needs, developing long-term sourcing strategies, selecting
suppliers, and managing the supply base
Six Steps of the Strategc Sourcing Process - Answer: 1. Assess
Opportunities
2. Profile Internally and Externally
3. Develop the Sourcing Strategy
4. Screen Suppliers and Create Selection Criteria
5. Conduct Supplier Selection
6. Negotiate and Implement Agreements
Spend Analysis - Answer: The application of quantitative techniques to
purchasing data in an effort to better understand spending patterns and
identify opportunities for improvement
Profile Approaches - Answer: Category Profile & Industry Analysis
Category Profile - Answer: Understand all aspects of a particular
sourcing category that could ultimately have an impact on the sourcing
strategy
Questions (Frequently Tested) and
Complete Solutions Graded A+ ECU
Professional Academic Assistance Services
Services Offered
• Proctored Exam Assistance
• Online Class Management (Full Course Support)
• Exam Preparation & Study Materials
• Assignments and Coursework Support
• Essay and Research Paper Writing
• Discussion Posts & Responses
• Editing and Proofreading
• Confidential Academic Consultation
Contact Information
Email:
WhatsApp link: https://wa.me/254704846336
Fast Response | Confidential | Reliable Academic Support
Helping Students Achieve Academic Excellence
Supply Management - Answer: The broad set of activities carried out by
organizations to analyze sourcing opportunities, develop sourcing
strategies, select suppliers, and carry ou tall the activities required to
procure goods and services
,Cost of Goods Sold (COGS) - Answer: The purchased cost of goods from
outside suppliers. It tells us how much a company has paid for the
goods that it sold to its customers
Merchandise Inventory - Answer: Shows how much the company paid
for the inventory it had on hand at the time of the report
Profit Margin - Answer: The ratio of earnings to sales for a given time
period
Profit Margin Equation - Answer: 100% x (Earnings / Sales)
Return on Assets (ROA) - Answer: A measure of financial performance,
generally defined as earnings/total assets
ROA Equation - Answer: 100% x (Earnings / Assets)
Profit Leverage Effect - Answer: $1 in cost savings increases pretax
profits by $1, while a $1 increase in sales increases pretax profits by
only $1 multiplied by the pretax profit margin
, Strategic Sourcing - Answer: Concerned with identifying ways to
improve long-term business performance by better understanding
sourcing needs, developing long-term sourcing strategies, selecting
suppliers, and managing the supply base
Six Steps of the Strategc Sourcing Process - Answer: 1. Assess
Opportunities
2. Profile Internally and Externally
3. Develop the Sourcing Strategy
4. Screen Suppliers and Create Selection Criteria
5. Conduct Supplier Selection
6. Negotiate and Implement Agreements
Spend Analysis - Answer: The application of quantitative techniques to
purchasing data in an effort to better understand spending patterns and
identify opportunities for improvement
Profile Approaches - Answer: Category Profile & Industry Analysis
Category Profile - Answer: Understand all aspects of a particular
sourcing category that could ultimately have an impact on the sourcing
strategy
