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SCMN 3730 FINAL EXAM NEWEST 2024-2025
ACTUAL EXAM COMPLETE 100 QUESTIONS
AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
Application hosted by the buying firm to allow users to search for products, place and track orders, receive and pay for purchases. - CORRECT ANSWER -Requisition to pay (RTP) Applications (Buy-Side Applications)
When there is low number of suppliers and high product complexity, ___ are the most common form of eProcurement. - CORRECT ANSWER -Supplier Catalogue Site (Sell-Side Applications)
Web portals which offer an online store for buyers and suppliers to conduct transactions. Suppliers offer content, allowing buyers to browse in multiple catalogues on one site. - CORRECT ANSWER-Electronic Marketplaces
The goal of the total cost model is to minimize the cost of each subcomponent of cost. - CORRECT ANSWER -False
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Placing orders and piece price would be ___ costs. - CORRECT ANSWER-Transaction
Which type of cost analysis is most accurate: - CORRECT
ANSWER-Detailed Cost Analysis
Calculating a cost analysis based on all the underlying processes
and materials is known as: - CORRECT ANSWER -Detailed
Cost Analysis
Which type of cost analysis is least accurate: - CORRECT
ANSWER-round table cost analysis
Reduced purchasing costs, inventory levels and waste are examples of cost advantage. - CORRECT ANSWER -True
A purchasing department characterized by decentralized roles
with no corporate oversight would be: - CORRECT ANSWER -
Decentralized
When it comes to lead times, procurement departments aim to ___, ___, and ___ the amount of time it takes for the product to arrive - CORRECT ANSWER -Stabilize, Reduce, Ensure
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Which type of purchasing structure has the least corporate leverage? - CORRECT ANSWER -Decentralized
Within a supply chain, site specificity requires: - CORRECT
ANSWER-The supply chain is situated as to economize transactions for a specific location
When deciding which products to delegate to first tier suppliers, a buyer will generally want to maintain control over the items with the least impact on total costs. - CORRECT ANSWER - False
Market governance along the supply chain is highly adaptive, - CORRECT ANSWER -true
When processes are done in-house in the home country, it would
be considered: - CORRECT ANSWER -Domestic Insourcing
Targeting specific segments of an industry is ___ type of
competitive advantage: - CORRECT ANSWER -Focus
Targeting customers is all or most segments of an industry based on offering the lowest price is ___ type of competitive advantage: - CORRECT ANSWER -Cost Leadership 3 / 4
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Power of suppliers, power of buyers, threat of new entrants and threat of substitutes are all part of which type of situation
analysis: - CORRECT ANSWER -S forces
Innovative products should be matched with a responsive supply chain. - CORRECT ANSWER -true
When evaluating a service, ___ is the knowledge and courtesy of employees and their ability to inspire trust and confidence. - CORRECT ANSWER -Assurance
___ is a process, supported by a set of tools, to translate customer requirements, or "voice of the customer," into specification. - CORRECT ANSWER -Quality Function Development
The traditional view of quality is an unavoidable need for basic detection and prevention costs, with an ever increasing cost of correction. - CORRECT ANSWER -False
___ quality costs are consequences of replacing product that fails at the customer. - CORRECT ANSWER -External
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