TCU SCM Layton Exam 2 – Questions With Detailed
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Practice questions for this set
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Costs incurred at the start of production or the beginning of a new contract.
Choose an answer
1 Fixed Costs per Contract 2 Supply Management
3 Fixed Costs per Order 4 Supply Management Goals:
Don't know?
Terms in this set (76)
Supply Management The identification, acquisition, positioning, and
management of resources and capabilities that a firm
needs to attain its strategic objectives.
Sourcing The identification, evaluation, selection, and
management of suppliers.
, Supply Chain Risk The probability of an unplanned event that
negatively affects a firm's ability to serve its
customers.
Supply Chain Resilience The capability of a supply chain to minimize the
impact of a disruption and to recover after a
disruption
Supply Management Goals: 1. Ensure timely availability of resources
2. Identify, assess, and mitigate supply chain risk
3. Reduce total costs
4. Enhance quality
5. Access technology and innovation
6. Foster sustainability
Total Cost of Ownership (TCO) All of the costs incurred before, during, and after a
purchase.
Sustainability The ability or capacity of the system (the firm and its
supply chain) to maintain or sustain itself by
improving its performance in terms of how it
manages pollution, people, and changes in the
business model.
Insourcing Acquiring inputs from operational processes
provided within the firm.
Outsourcing Acquiring inputs from operational processes
provided by suppliers.
Make or Buy decision The choice between making a product internally or
purchasing it form a supplier
Solutions
Save
Practice questions for this set
Learn 1 /7 Study using Learn
Costs incurred at the start of production or the beginning of a new contract.
Choose an answer
1 Fixed Costs per Contract 2 Supply Management
3 Fixed Costs per Order 4 Supply Management Goals:
Don't know?
Terms in this set (76)
Supply Management The identification, acquisition, positioning, and
management of resources and capabilities that a firm
needs to attain its strategic objectives.
Sourcing The identification, evaluation, selection, and
management of suppliers.
, Supply Chain Risk The probability of an unplanned event that
negatively affects a firm's ability to serve its
customers.
Supply Chain Resilience The capability of a supply chain to minimize the
impact of a disruption and to recover after a
disruption
Supply Management Goals: 1. Ensure timely availability of resources
2. Identify, assess, and mitigate supply chain risk
3. Reduce total costs
4. Enhance quality
5. Access technology and innovation
6. Foster sustainability
Total Cost of Ownership (TCO) All of the costs incurred before, during, and after a
purchase.
Sustainability The ability or capacity of the system (the firm and its
supply chain) to maintain or sustain itself by
improving its performance in terms of how it
manages pollution, people, and changes in the
business model.
Insourcing Acquiring inputs from operational processes
provided within the firm.
Outsourcing Acquiring inputs from operational processes
provided by suppliers.
Make or Buy decision The choice between making a product internally or
purchasing it form a supplier
