1|Page
SCMN 3730 FINAL EXAM NEWEST ACTUAL EXAM
COMPLETE 100 QUESTIONS AND CORRECT
DETAILED ANSWERS ||VERIFIED EXAM!!(VERIFIED
ANSWERS) |ALREADY GRADED A+||NEWEST EXAM!!!
Online, real time bidding events where buyers offer a
contract to specified suppliers, who make reducing bids to
gain the business. The winner is the lowest bidder. -
ANSWER-Reverse Auctions
When there is high number of suppliers and high product
complexity, ___ are the most common form of
eProcurement. - ANSWER-Supplier catalogue site (Sell-
Side Applications)
Application hosted by the buying firm to allow users to
search for products, place and track orders, receive and
pay for purchases - ANSWER-Requisitions to pay (RTP)
Applications (Buy-Side Applications)
Placing orders and piece price would be ___ costs. -
ANSWER-Transaction
,2|Page
Asking a group of persons with insights into what the cost
should be is known as: - ANSWER-Round table cost
analysis
A detailed cost analysis is more costly to develop than a
round table cost analysis - ANSWER-true
Total cost of ownership extends total cost of acquisition to
take into consideration costs incurred after the sale of a
product. - ANSWER-True
When suppliers provide a cost-breakdown, they are: -
ANSWER-Cost disclosures
Which type of purchasing structure has the least corporate
leverage? - ANSWER-Decentralized
Reduced purchasing costs, inventory levels and waste are
examples of a value advantage. - ANSWER-False
Procurement and supply management focuses on the
management of customers and outbound materials -
ANSWER-False
, 3|Page
If an organization wanted to maximize corporate leverage,
it would generally be best served by having what type of
procurement structure: - ANSWER-centralized
In an exchange relationship, the need for formal
enforcement of contracts to maintain exchange
relationships is: - ANSWER-Contract law
when a disturbance is too small for adaption to be worth
the cost it is a ___ disturbance. - ANSWER-
Inconsequential
Power of suppliers, power of buyers, threat of new
entrants and threat of substitutes are all part of which type
of situation analysis: - ANSWER-S forces
Innovative products should be matched with a responsive
supply chain. - ANSWER-true
When evaluating a service, ___ is the knowledge and
courtesy of employees and their ability to inspire trust and
confidence. - ANSWER-Assurance
___ is a process, supported by a set of tools, to translate
customer requirements, or "voice of the customer," into
specification. - ANSWER-Quality Function Development
SCMN 3730 FINAL EXAM NEWEST ACTUAL EXAM
COMPLETE 100 QUESTIONS AND CORRECT
DETAILED ANSWERS ||VERIFIED EXAM!!(VERIFIED
ANSWERS) |ALREADY GRADED A+||NEWEST EXAM!!!
Online, real time bidding events where buyers offer a
contract to specified suppliers, who make reducing bids to
gain the business. The winner is the lowest bidder. -
ANSWER-Reverse Auctions
When there is high number of suppliers and high product
complexity, ___ are the most common form of
eProcurement. - ANSWER-Supplier catalogue site (Sell-
Side Applications)
Application hosted by the buying firm to allow users to
search for products, place and track orders, receive and
pay for purchases - ANSWER-Requisitions to pay (RTP)
Applications (Buy-Side Applications)
Placing orders and piece price would be ___ costs. -
ANSWER-Transaction
,2|Page
Asking a group of persons with insights into what the cost
should be is known as: - ANSWER-Round table cost
analysis
A detailed cost analysis is more costly to develop than a
round table cost analysis - ANSWER-true
Total cost of ownership extends total cost of acquisition to
take into consideration costs incurred after the sale of a
product. - ANSWER-True
When suppliers provide a cost-breakdown, they are: -
ANSWER-Cost disclosures
Which type of purchasing structure has the least corporate
leverage? - ANSWER-Decentralized
Reduced purchasing costs, inventory levels and waste are
examples of a value advantage. - ANSWER-False
Procurement and supply management focuses on the
management of customers and outbound materials -
ANSWER-False
, 3|Page
If an organization wanted to maximize corporate leverage,
it would generally be best served by having what type of
procurement structure: - ANSWER-centralized
In an exchange relationship, the need for formal
enforcement of contracts to maintain exchange
relationships is: - ANSWER-Contract law
when a disturbance is too small for adaption to be worth
the cost it is a ___ disturbance. - ANSWER-
Inconsequential
Power of suppliers, power of buyers, threat of new
entrants and threat of substitutes are all part of which type
of situation analysis: - ANSWER-S forces
Innovative products should be matched with a responsive
supply chain. - ANSWER-true
When evaluating a service, ___ is the knowledge and
courtesy of employees and their ability to inspire trust and
confidence. - ANSWER-Assurance
___ is a process, supported by a set of tools, to translate
customer requirements, or "voice of the customer," into
specification. - ANSWER-Quality Function Development
