SCM - FINAL EXAM COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
Maverick spend - Unauthorized spending/ Not buying a contract that
would save money
the spending from suppliers without company procurement policy. Purchase
made with the supplier that the company doesn't have a contract with.
Leverage spend - Demand aggregation + Supplier rationlization = Leveraged
spend
↑ (3 year contracts, regional contracts to global contract)
single sourcing - Takes place when a particular supplier is purposely chosen
by the procurment organization, even when there are other suppliers
sole sourcing - Takes place when there is only one supplier for one required
item is available
Strategic sourcing process - - Determine/assess customers needs
- Spend analysis
- Supply market assessment
- total cost analysis
, - supplier identification/assessment
- sourcing strategy
- supplier negotiation/selection
- contract management/evaluation
What is spend analysis - Systematic analysis of historical (1-3 years) spend
data.
The process of collecting, cleansing, classifying and analyzing expenditure data
with the purpose of decreasing procurement costs, improving efficiency and
monitoring controls and compliance
Spend analysis organizes procurement information via - supplier
hierarchies, commodity alignment, and spend amount
What is the challenge with spend analysis - The data could be
dirty/incomplete
Spend data - Analyze the cost and quantity from previous years for
historical data
Spot purchase - single purchase order, typically at the going (spot) price in
the marketplace
Blanket contract - A negotiated supply contract covering a supply category
(categories) for an extended period of time. Prices, T's & C's are generally fixed for
the term of the contract
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
Maverick spend - Unauthorized spending/ Not buying a contract that
would save money
the spending from suppliers without company procurement policy. Purchase
made with the supplier that the company doesn't have a contract with.
Leverage spend - Demand aggregation + Supplier rationlization = Leveraged
spend
↑ (3 year contracts, regional contracts to global contract)
single sourcing - Takes place when a particular supplier is purposely chosen
by the procurment organization, even when there are other suppliers
sole sourcing - Takes place when there is only one supplier for one required
item is available
Strategic sourcing process - - Determine/assess customers needs
- Spend analysis
- Supply market assessment
- total cost analysis
, - supplier identification/assessment
- sourcing strategy
- supplier negotiation/selection
- contract management/evaluation
What is spend analysis - Systematic analysis of historical (1-3 years) spend
data.
The process of collecting, cleansing, classifying and analyzing expenditure data
with the purpose of decreasing procurement costs, improving efficiency and
monitoring controls and compliance
Spend analysis organizes procurement information via - supplier
hierarchies, commodity alignment, and spend amount
What is the challenge with spend analysis - The data could be
dirty/incomplete
Spend data - Analyze the cost and quantity from previous years for
historical data
Spot purchase - single purchase order, typically at the going (spot) price in
the marketplace
Blanket contract - A negotiated supply contract covering a supply category
(categories) for an extended period of time. Prices, T's & C's are generally fixed for
the term of the contract
