2
SCM Exam 2 - University of Houston Exam with precise
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detailed solutions ||
Weighted Point Evaluation System - ✔✔performance x assigned weight
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Competitive Bidding - ✔✔requesting bids from potential suppliers when price is a dominant
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criteria.
Negotiating - ✔✔Interactive process for determining purchasing options.
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Contracting - ✔✔Legal formalization of the buyer-supplier relationship and agreements
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Portfolio Analysis - ✔✔A structured approach used by decision makers to develop a sourcing
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strategy for a product or service, based on the value potential and the relative complexity
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or risk represented by a sourcing opportunity.
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Single Sourcing - ✔✔The buying firm depends on a single company for all or nearly all of a
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particular item or service. || || ||
Multiple Sourcing - ✔✔the business practice of buying a particular product from several
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different suppliers ||
Cross Sourcing - ✔✔The buying firm uses a single supplier for one particular part or service
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and another supplier with the same capabilities for a different part or service.
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Dual Sourcing - ✔✔The buying firm uses two suppliers for the same purchased product or
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service.
, 2
Routine Quadrant - ✔✔Readily available products or services representing a relatively small
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portion of a firm's purchasing expenditures.
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Leverage Quadrant - ✔✔Standardized and readily available products or services representing
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a significant portion of spend.
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Bottleneck Quadrant - ✔✔Products or services with unique or complex requirements that
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can be met only by a few potential suppliers.
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Critical Quadrant - ✔✔Products or service with unique or complex requirements coupled
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with a limited supply base.
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Product-based layout (continuous flow & production lines) - ✔✔layout where resources are
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arranged sequentially according to the steps required to make a product. Used for products
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with identical or similar designs.
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Functional layout (job shop & batch manufacturing) - ✔✔-A type of layout where resources
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are physically grouped by function.
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-Used for products with high degrees of customization or expertise required.
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Continuous Flow - ✔✔a process that produces highly standardized products using a
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sequence of steps. || || ||
Ex: Oil because it it must go through a process in order to get the final product.
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Production Line - ✔✔a type of manufacturing process used to produce a narrow range of
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standard items with identical or highly similar designs
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SCM Exam 2 - University of Houston Exam with precise
|| || || || || || || || || ||
detailed solutions ||
Weighted Point Evaluation System - ✔✔performance x assigned weight
|| || || || || || || ||
Competitive Bidding - ✔✔requesting bids from potential suppliers when price is a dominant
|| || || || || || || || || || || || ||
criteria.
Negotiating - ✔✔Interactive process for determining purchasing options.
|| || || || || || ||
Contracting - ✔✔Legal formalization of the buyer-supplier relationship and agreements
|| || || || || || || || ||
Portfolio Analysis - ✔✔A structured approach used by decision makers to develop a sourcing
|| || || || || || || || || || || || ||
strategy for a product or service, based on the value potential and the relative complexity
|| || || || || || || || || || || || || || || ||
or risk represented by a sourcing opportunity.
|| || || || || ||
Single Sourcing - ✔✔The buying firm depends on a single company for all or nearly all of a
|| || || || || || || || || || || || || || || || || ||
particular item or service. || || ||
Multiple Sourcing - ✔✔the business practice of buying a particular product from several
|| || || || || || || || || || || || ||
different suppliers ||
Cross Sourcing - ✔✔The buying firm uses a single supplier for one particular part or service
|| || || || || || || || || || || || || || || ||
and another supplier with the same capabilities for a different part or service.
|| || || || || || || || || || || ||
Dual Sourcing - ✔✔The buying firm uses two suppliers for the same purchased product or
|| || || || || || || || || || || || || || ||
service.
, 2
Routine Quadrant - ✔✔Readily available products or services representing a relatively small
|| || || || || || || || || || || ||
portion of a firm's purchasing expenditures.
|| || || || ||
Leverage Quadrant - ✔✔Standardized and readily available products or services representing
|| || || || || || || || || ||
a significant portion of spend.
|| || || || ||
Bottleneck Quadrant - ✔✔Products or services with unique or complex requirements that
|| || || || || || || || || || || ||
can be met only by a few potential suppliers.
|| || || || || || || ||
Critical Quadrant - ✔✔Products or service with unique or complex requirements coupled
|| || || || || || || || || || || ||
with a limited supply base.
|| || || ||
Product-based layout (continuous flow & production lines) - ✔✔layout where resources are
|| || || || || || || || || || || ||
arranged sequentially according to the steps required to make a product. Used for products
|| || || || || || || || || || || || || ||
with identical or similar designs.
|| || || ||
Functional layout (job shop & batch manufacturing) - ✔✔-A type of layout where resources
|| || || || || || || || || || || || || ||
are physically grouped by function.
|| || || ||
-Used for products with high degrees of customization or expertise required.
|| || || || || || || || || ||
Continuous Flow - ✔✔a process that produces highly standardized products using a
|| || || || || || || || || || || ||
sequence of steps. || || ||
Ex: Oil because it it must go through a process in order to get the final product.
|| || || || || || || || || || || || || || || ||
Production Line - ✔✔a type of manufacturing process used to produce a narrow range of
|| || || || || || || || || || || || || || ||
standard items with identical or highly similar designs
|| || || || || || ||
