- | P a g e
SCMN 3730 EXAM 1 NEWEST 2024-2025 ACTUAL
EXAM COMPLETE 70 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+
What could be wrong with former employees representing suppliers? - CORRECT ANSWER -Access to insider knowledge Intimate knowledge of policies and procedures Relationships with buyer's personnel
What are some steps that a policy in support of minority suppliers might include? - CORRECT ANSWER --Include minority suppliers in all RFQs without exception -Set forth management's commitment on this subject.-Evaluate the performance potential of small and disadvantaged suppliers to identify those qualifying for supplier assistance.-invite small and disadvantaged suppliers to bid on purchase contracts.-Establish a minimum percentage of business to award to qualified small and dis- advantaged suppliers. 1 / 3
- | P a g e
-Outline a training program to educate buyers regarding the needs of the small and disadvantaged suppliers.
a business's concern for society's welfare - CORRECT ANSWER-Corporate Social Responsibility
What are Purchase Orders, and what departments in addition to Purchasing need visibility to them? - CORRECT ANSWER - Drafted after supplier evaluation and selection is completed Legally-binding document (i.e., contract) Carefully define terms and conditions Standard legal language (i.e., "boilerplate") Offer and acceptance Visibility throughout company
Accounting (accounts payable)Requisitioner or requesting department Receiving Traffic management Supply management Quality control
What are some examples of irregular business dealings? - CORRECT ANSWER -Accepting bribes or kickbacks Cronyism Accepting late bids 2 / 3
- | P a g e
Owning a stake in supplier's company Other behavior not considered part of the "normal" course of doing business
What are elements of supply integration? - CORRECT ANSWER-People coming together work together on a strategy or solve a problem Different people bringing different points of view to table Team members often located all over the globe Need to create common understanding of end goal or purpose
What is meant by collaboration? - CORRECT ANSWER - Process by which two or more parties adopt a high level of purposeful cooperation to maintain trading relationship over time
What are the characteristics of a collaborative buyer-seller relationship? - CORRECT ANSWER -One or limited number of suppliers for each purchased item or family of items Win-win approach to reward sharing Joint efforts to improve supplier performance Joint efforts to resolve disputes
- / 3