Scmn 2150 test 2 Study guides, Class notes & Summaries

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...

SCMN 2150 Test 2 Questions And Revised Correct Answers What are transforming resources? a.)Supporting tools to execute production b.)Materials used to build a product c.)The products that companies build d.)The day-to-day operations of production - ANSWER : a.)Supporting tools to execute production The dependability performance objective in manufacturing focuses on doing things fast and productively. a.)True b)False - ANSWER : b.) false Which of the following is a goal of prod...

SCMN 2150 Test 2 with Complete Solutions supply management The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives strategic sourcing an institutional procurement process that continuously improves and re- evaluates the purchasing activities of a company procurement the purchase of merchandise or services at the optimum possible total cost in th...

SCMN 2150 Test 2 Questions and Answers with Verified Solutions What is procurement? The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality. How does procurement differ from strategic sourcing and supply management? Procurement is buying the merchandise or services while SS tries to improve the buying process and SM is setting up in order to attain what it needs. What is strategic sourcing? The process of analyzing an organization...

SCMN 2150 Test 2 Modules 4, 5, 6 Questions and Answers Already Passed What is logistics? The part of supply chain management that focuses on the planning, implementation, and control of the flow and storage of goods, relevant info., and related services What is fulfillment? The primary method of distributing product to a store. The process that begins with an order inquiry and ends with the delivery of a product to a customer. Why have logistics and fulfillment grown in importance? P...

SCMN 2150 Test 2 Exam Questions And Revised Correct Answers Supply management - ANSWER : The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives Strategic sourcing - ANSWER : an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company Procurement - ANSWER : the purchase of merchandise or...

supply management - Answer-The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives strategic sourcing - Answer-an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company procurement - Answer-the purchase of merchandise or services at the optimum possible total cost in the correct amount and qual...

SCMN 2150 Test 2 Questions Correctly Answered To Score A+

SCMN 2150 Test 2 Auburn University Questions & Answers 2023/2024 The purchase of merchandise at the optimum total cost, at the right time, in the right quantity - ANSProcurement A company process that continuously re-evaluates and improves upon the companies procurement process - ANS-Strategic Sourcing The identification use and management of the resources a company needs to meet its goals - ANSSupply management What is the goal of the procurement process? - ANS-higher quality lower cos...

SCMN 2150 Test 2 Auburn University Questions and Answers 100% Pass What is procurement? process of actually purchasing goods and services How does procurement differ from strategic sourcing? 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 outsourcing? obtain ...