age 1 of 63
SCMN 2150 EXAM 2 2025/2026 || QUESTIONS WITH
CORRECT DETAILED ANSWERS || 100%
GUARANTEED PASS <BRAND NEW VERSION>
What is procurement? .......Answer.........The purchase of
merchandise or services at the optimum possible total cost in the
correct amount and quality
What is strategic sourcing? .......Answer.........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? .......Answer.........strategic sources seeks for
continuous improvement
,age 2 of 63
What are the steps in the procurement process and why is it
important to follow them? .......Answer.........1) Identify material &
service needs
2) Evaluate supplier options
3) Select supplier
4) Release orders and receive products
5) Measure and manage performance
It is important to follow these steps because you do not want to
make a decision based on incomplete information
What are the goals of supply chain management and why is it
important? .......Answer.........To buy products and services....
- At the right price
,age 3 of 63
- From the right source
- At the right specification
- In the right quantity
- For delivery at the right time
- To the right internal customer
It is important because it wants to generate a sustainable
advantage through lower costs, higher quality, and better
service from our global supply base of trading partners
What is a quadrant analysis and why is it important?
.......Answer.........A quadrant analysis is a visual tool that
categorizes data or elements into four quadrants based on two
criteria, helping to prioritize and make decisions from either the
, age 4 of 63
products or services. It is important for simplifying complex data,
identifying trends, and making informed choices in various fields.
Why is it important to evaluate supplier performance?
.......Answer.........- To monitor KPIs (key performance indicators)
and take corrective action, to ensure value is provided by
suppliers
- To create visibility into process and performance across the
entire supply management lifecycle
Fill Rate .......Answer.........Total Quantity Received / Total
Quantity Ordered
Defect Rate .......Answer.........Total Quantity Defective / Total
Quantity Received
SCMN 2150 EXAM 2 2025/2026 || QUESTIONS WITH
CORRECT DETAILED ANSWERS || 100%
GUARANTEED PASS <BRAND NEW VERSION>
What is procurement? .......Answer.........The purchase of
merchandise or services at the optimum possible total cost in the
correct amount and quality
What is strategic sourcing? .......Answer.........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? .......Answer.........strategic sources seeks for
continuous improvement
,age 2 of 63
What are the steps in the procurement process and why is it
important to follow them? .......Answer.........1) Identify material &
service needs
2) Evaluate supplier options
3) Select supplier
4) Release orders and receive products
5) Measure and manage performance
It is important to follow these steps because you do not want to
make a decision based on incomplete information
What are the goals of supply chain management and why is it
important? .......Answer.........To buy products and services....
- At the right price
,age 3 of 63
- From the right source
- At the right specification
- In the right quantity
- For delivery at the right time
- To the right internal customer
It is important because it wants to generate a sustainable
advantage through lower costs, higher quality, and better
service from our global supply base of trading partners
What is a quadrant analysis and why is it important?
.......Answer.........A quadrant analysis is a visual tool that
categorizes data or elements into four quadrants based on two
criteria, helping to prioritize and make decisions from either the
, age 4 of 63
products or services. It is important for simplifying complex data,
identifying trends, and making informed choices in various fields.
Why is it important to evaluate supplier performance?
.......Answer.........- To monitor KPIs (key performance indicators)
and take corrective action, to ensure value is provided by
suppliers
- To create visibility into process and performance across the
entire supply management lifecycle
Fill Rate .......Answer.........Total Quantity Received / Total
Quantity Ordered
Defect Rate .......Answer.........Total Quantity Defective / Total
Quantity Received
