4/6/26, 9:15 AM SCMN 3730: Exam 1 (Cole)
SCMN 3730: Exam 1 (Cole) Exam 1 |
UPDATE|COMPREHENSIVE QUESTIONS WITH CORRECT/
VERIFIED ANSWERS|(frequently most tested question)GET IT
100% ACCURATE | ALREADY GRADED A+
purchase of products or services at the right place, delivered at the right time, of
the right quality, in the right quantity, from the right source
procurement
cost reductions increase _
margin
procurement is a (primary/support) activity
support
lead times _, _ and _ the amount of time it takes for the product to arrive
stabilize, reduce, ensure
/ 1/21
,4/6/26, 9:15 AM SCMN 3730: Exam 1 (Cole)
value advantages
quicker
response
improved
quality
increased reliability
improved relationships
manage and mitigate risks
source innovation
tailored service, reliability, responsiveness
cost advantages
efficiency
gains/utilization reduce
purchasing costs
reduction in inventory
levels sharing capital
investment reduced
waste
capacity utilization, asset turnover, schedule integration
decentralized procurement organization with no corporate role
decentralized
decentralized sourcing, but center led strategy, voluntary commodity strategy
collaboration across BU
coordinated
/ 2/21
, 4/6/26, 9:15 AM SCMN 3730: Exam 1 (Cole)
decentralized transactions, but center led strategy and sourcing control
hybrid
central procurement organization for all commodities with a single upward
reporting structure
centralized
efficient supply chain + functional products (match/mismatch)
match (lean)
efficient supply chain + innovative products (match/mismatch)
mismatch (too slow)
responsive supply chain + functional products (match/mismatch)
mismatch (unnecessarily expensive)
responsive supply chain + innovative products (match/mismatch)
match (agile)
physically efficient approach to choosing suppliers
cost and quality
/ 3/21
SCMN 3730: Exam 1 (Cole) Exam 1 |
UPDATE|COMPREHENSIVE QUESTIONS WITH CORRECT/
VERIFIED ANSWERS|(frequently most tested question)GET IT
100% ACCURATE | ALREADY GRADED A+
purchase of products or services at the right place, delivered at the right time, of
the right quality, in the right quantity, from the right source
procurement
cost reductions increase _
margin
procurement is a (primary/support) activity
support
lead times _, _ and _ the amount of time it takes for the product to arrive
stabilize, reduce, ensure
/ 1/21
,4/6/26, 9:15 AM SCMN 3730: Exam 1 (Cole)
value advantages
quicker
response
improved
quality
increased reliability
improved relationships
manage and mitigate risks
source innovation
tailored service, reliability, responsiveness
cost advantages
efficiency
gains/utilization reduce
purchasing costs
reduction in inventory
levels sharing capital
investment reduced
waste
capacity utilization, asset turnover, schedule integration
decentralized procurement organization with no corporate role
decentralized
decentralized sourcing, but center led strategy, voluntary commodity strategy
collaboration across BU
coordinated
/ 2/21
, 4/6/26, 9:15 AM SCMN 3730: Exam 1 (Cole)
decentralized transactions, but center led strategy and sourcing control
hybrid
central procurement organization for all commodities with a single upward
reporting structure
centralized
efficient supply chain + functional products (match/mismatch)
match (lean)
efficient supply chain + innovative products (match/mismatch)
mismatch (too slow)
responsive supply chain + functional products (match/mismatch)
mismatch (unnecessarily expensive)
responsive supply chain + innovative products (match/mismatch)
match (agile)
physically efficient approach to choosing suppliers
cost and quality
/ 3/21
