SCMN 2150 Exam 2 (Barto)

SCMN 2150 Exam 2 (Barto)
What is procurement? - -The purchasing of goods and services to meet the
needs of the supply chain (The Buy Process)

- How has procurement shifted from the tactical level? - -Shifted from
tactical to strategic, due to procurement activities such as market
knowledge, supply base management, risk management, and supplier
selection.

- What are the different types of procurement goods? - -

- What instance/instances do you use a formal step-by-step process. - -

- What is the Procurement Process? - -

- How do you use the Procurement Process? - -

- What is Strategic Sourcing? - -Institutional procurement process that
continuously improves and re-evaluates the purchasing activities of a
company. Focuses on improving procurement process

- What is the most important step for Strategic Sourcing? - -

- What is Total Cost of Ownership? - -

- What is a Make or Buy Analysis? - -

- When do you use Make or Buy Analysis? - -

- What is outsourcing? - -

- What metrics or KPIs are used in selecting suppliers and evaluating
Supplier Performance? - -

- What is production? - -

- What are the three key components of production? - -

- What are the Inputs and Outputs of production? - -

- What production processes are available for companies to use? - -

- What issues and factors drive the production layout decision? - -