SCMN 2150 Exam 2 QUESTIONS &
ANSWERS 2026 | A+ GRADED
100% VERIFIED
• What is strategic sourcing? (Multiple definitions) -✓✓Strategic
sourcing is an institutional procurement process that continuously
improves and re-evaluates the purchasing activities of a company.; An
organized and collaborative approach to leveraging targeted spend
across locations with select suppliers that are best suited to create
knowledge and value in the customer-supplier interface.
• Explain the differences between traditional purchasing and strategic
sourcing. -✓✓Cost. Traditional sourcing is about sourcing goods at the
lowest possible cost per unit whereas strategic sourcing is creating the
best possible value and looking at the total cost of ownership.
• What are the steps in the procurement process and why is it important
to follow them? -✓✓- Identify material & service needs
- Evaluate supplier options
- Select supplier
- Release orders and receive products
- Measure and manage performance
This is important to follow because it ensures that the best quality
products are acquired at competitive prices and under the most favorable
terms.
• What are the goals of supply management and why is it important? -
✓✓Buy products and services
• At the right price
• From the right source
, • At the right specification
• In the right quantity
• For delivery at the righttime
• To the right internal customer
This is important because it gives you the ability to generate a
sustainable advantage through lower costs,higher quality, and better
service from our global supply base of trading partners.
• What is a quadrant analysis and why is it important? -✓✓a method that
divides a business into 80 or 20 customers and 80 or 20 products. It can
help companies identify applications that they should be using now and
in the future to remain competitive
• Why is it important to evaluate supplier performance? -✓✓Evaluations
are important because they help you to ensure that your suppliers are
meeting your standards and requirements. They also allow you to
identify any potential problems that could impact your business.
• Define and be able to calculate Fill rate, Defect Rate, On time % and
Perfect Order % -✓✓Fill Rate- Total Quantity Received / Total Quantity
Ordered
Defect Rate- Total Quantity Defective / Total Quantity Received
On Time %- Orders Received On Time / Total Orders
Perfect Order %- Order arrives on time, without defects, and with
perfect documentation at the right location with correct quantities of all
SKUs ordered16
• What is a supplier scorecard and how they created and utilized? -
✓✓Supplier scorecards monitor performance across multiple metrics
overextended time period, and they are used to track, manage, and
measure vendor performance. This includes measuring performance
against specific metrics, setting targets, and increasing supplier
performance over time.
ANSWERS 2026 | A+ GRADED
100% VERIFIED
• What is strategic sourcing? (Multiple definitions) -✓✓Strategic
sourcing is an institutional procurement process that continuously
improves and re-evaluates the purchasing activities of a company.; An
organized and collaborative approach to leveraging targeted spend
across locations with select suppliers that are best suited to create
knowledge and value in the customer-supplier interface.
• Explain the differences between traditional purchasing and strategic
sourcing. -✓✓Cost. Traditional sourcing is about sourcing goods at the
lowest possible cost per unit whereas strategic sourcing is creating the
best possible value and looking at the total cost of ownership.
• What are the steps in the procurement process and why is it important
to follow them? -✓✓- Identify material & service needs
- Evaluate supplier options
- Select supplier
- Release orders and receive products
- Measure and manage performance
This is important to follow because it ensures that the best quality
products are acquired at competitive prices and under the most favorable
terms.
• What are the goals of supply management and why is it important? -
✓✓Buy products and services
• At the right price
• From the right source
, • At the right specification
• In the right quantity
• For delivery at the righttime
• To the right internal customer
This is important because it gives you the ability to generate a
sustainable advantage through lower costs,higher quality, and better
service from our global supply base of trading partners.
• What is a quadrant analysis and why is it important? -✓✓a method that
divides a business into 80 or 20 customers and 80 or 20 products. It can
help companies identify applications that they should be using now and
in the future to remain competitive
• Why is it important to evaluate supplier performance? -✓✓Evaluations
are important because they help you to ensure that your suppliers are
meeting your standards and requirements. They also allow you to
identify any potential problems that could impact your business.
• Define and be able to calculate Fill rate, Defect Rate, On time % and
Perfect Order % -✓✓Fill Rate- Total Quantity Received / Total Quantity
Ordered
Defect Rate- Total Quantity Defective / Total Quantity Received
On Time %- Orders Received On Time / Total Orders
Perfect Order %- Order arrives on time, without defects, and with
perfect documentation at the right location with correct quantities of all
SKUs ordered16
• What is a supplier scorecard and how they created and utilized? -
✓✓Supplier scorecards monitor performance across multiple metrics
overextended time period, and they are used to track, manage, and
measure vendor performance. This includes measuring performance
against specific metrics, setting targets, and increasing supplier
performance over time.
