Purchase and sourcing Samenvattingen, Notities en Examens

SCMN 2150 Test 2 Auburn University Exam Review Questions & Answers What is procurement? - ANSWER-process of actually purchasing goods and services How does procurement differ from strategic sourcing? - ANSWER-Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. What is outsou...

Supply Managemnt correct answers a progressive approach to managing the supply base that differs from the traditional arm's length or adversarial approach with suppliers Requires supply chain professionals to work directly with key suppliers who are capable of providing world-class performance RFI correct answers request for information (about capabilities of various suppliers, comparative) RFQ correct answers request for quotation (invite suppliers to a bidding process on specific pr...

MNP2602 EXAM PACK 50+ QUESTIONS AND VERIFIED ANSWERS 2023 GRADED A+. Key Definitions: MCQs 1. Define the term ‘logistics management’. • The part of supply chain management that plans, implements and controls the efficient and effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption to meet customers’ requirements. It includes inbound, outbound, internal and external movements, and is relev...

CDR RD Exam Questions & Answers Complete: updated 2023. A 42 year old woman who is 5'10" needs how many grams of protein per day? A. 60 B. 70 C. 75 D. 80 A 49-year-old overweight woman smokes one PPD of cigarettes, has a BP level of 140/85 mmHG and a medical hx of hypertension and hyperlipidemia. What is the best nutrition intervention for this client? A. complex CHO, low sat fat B. complex CHO, high protein C. simple CHO, high protein D. simple CHO, low sat fat A ...

What is Tactical sourcing? - correct answer Low level decision making High profit, low risk items Short term projects Transactional relationships What is Strategic sourcing? - correct answer Top level decision making High profit, high risk items Long term projects Collaborative relationships What factors typically represent value to the procurement organisation when sourcing? - correct answer Price, Delivery, Quality, Ethics, Sustainability, Availability Novack and Simco's 11-sta...

(MR Credit) Building Product Disclosure and Optimization- Environmental Product Declarations - Opt. 2 Multi-Attribute Optimization. Exemplary Performance requirements? - correct answer Option 1. Source at least 40 qualifying products from five manufacturers. Option 2. Purchase 75%, by cost, of permanently installed building products that meet the required attributes What must be true of EPDs to qualify for MR Credit Building Product Disclosure and Optimization EPD? - correct answer EPDs must...

L4M4 - Chapter 1 Questions and Answers Graded A+ What is Tactical sourcing? Low level decision making High profit, low risk items Short term projects Transactional relationships What is Strategic sourcing? Top level decision making High profit, high risk items Long term projects Collaborative relationships What factors typically represent value to the procurement organisation when sourcing? Price, Delivery, Quality, Ethics, Sustainability, Availability Novack and Simco's 1...

SCMN 2150: Module 5-8 Robert Straw Auburn Questions and Answers Already Passed According to the reading the final step of strategic sourcing is to: A. integrate suppliers into existing processes B. negotiate with and select suppliers C. analyze product categories used by the businesses and spending patterns D. track performance metrics and optimize sourcing plan D. track performance metrics and optimize sourcing plan According to the reading, the most popular response to COVID-19 ...

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 ...

Supply Chain A system of organizations, people, activities, information, and resource involved in moving a product or service from supplier to customer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management...