SCMN 2150 TEST 2 | QUESTIONS AND ANSWERS | 2026 UPDATE |
WITH COMPLETE SOLUTIONS - AUBURN UNIVERSITY.
Procurement Answer - The purchase of merchandise or services at the
optimum possible total cost in the correct amount and quality
Strategic Sourcing Definition Answer - Institutional procurement process that
continuously improves and re-evaluates the purchasing activities of a company
Traditional Purchasing Answer - Cost-Lowest possible cost per unit
Quantity/Quality-high volumes for generating mass discount
Skills Set-negotiation, analytical, proficiency skills
Location-Known supplier base
Procedure-What to buy and from whom
Relationship- Based on acquaintanceship
Supplier Performance- Effective
Adjustments- Reactive approaches for failure improvement
Strategic Sourcing Answer - Cost-Best possible value and total cost of
ownership
Quality/Quantity- highest possible quality for lowest possible cost
Skills Set- soft negotiating, solving, collaborating, cross-functional skills based
on mutual respect
Location- Global supplier network
Procedure- Requesting and comparing for identifying best cost-quality-service-
offer
, Relationship- Intense and sustainable
Supplier Performance- Efficient
Adjustments- Proactive approaches for failure prevention
List the steps in the procurement process Answer - 1. Identify material &
Service needs
2. Evaluate Supplier Options
3. Select supplier
4. Release orders and receive products
5. Measure and manage performance
Why should you follow the procurement process steps? Answer - To avoid
haphazardous evaluations and making decisions on incomplete info
List the goals of supply management Answer - Buy products and services ate
the right price, from the right source, at the right specification, in the right
quantity, for delivery at the right time, and to the right internal customer
Why is supply management important? Answer - Ability to generate a
sustainable advantage through lower costs, higher quality, and better service
from our global supply base of trading partners
Why is it important to evaluate supplier performance? Answer - Create
disability into process and performance across the entire supply management
life cycle
Fill Rate and Formula Answer - Total Quantity Received/Total Quantity Ordered
WITH COMPLETE SOLUTIONS - AUBURN UNIVERSITY.
Procurement Answer - The purchase of merchandise or services at the
optimum possible total cost in the correct amount and quality
Strategic Sourcing Definition Answer - Institutional procurement process that
continuously improves and re-evaluates the purchasing activities of a company
Traditional Purchasing Answer - Cost-Lowest possible cost per unit
Quantity/Quality-high volumes for generating mass discount
Skills Set-negotiation, analytical, proficiency skills
Location-Known supplier base
Procedure-What to buy and from whom
Relationship- Based on acquaintanceship
Supplier Performance- Effective
Adjustments- Reactive approaches for failure improvement
Strategic Sourcing Answer - Cost-Best possible value and total cost of
ownership
Quality/Quantity- highest possible quality for lowest possible cost
Skills Set- soft negotiating, solving, collaborating, cross-functional skills based
on mutual respect
Location- Global supplier network
Procedure- Requesting and comparing for identifying best cost-quality-service-
offer
, Relationship- Intense and sustainable
Supplier Performance- Efficient
Adjustments- Proactive approaches for failure prevention
List the steps in the procurement process Answer - 1. Identify material &
Service needs
2. Evaluate Supplier Options
3. Select supplier
4. Release orders and receive products
5. Measure and manage performance
Why should you follow the procurement process steps? Answer - To avoid
haphazardous evaluations and making decisions on incomplete info
List the goals of supply management Answer - Buy products and services ate
the right price, from the right source, at the right specification, in the right
quantity, for delivery at the right time, and to the right internal customer
Why is supply management important? Answer - Ability to generate a
sustainable advantage through lower costs, higher quality, and better service
from our global supply base of trading partners
Why is it important to evaluate supplier performance? Answer - Create
disability into process and performance across the entire supply management
life cycle
Fill Rate and Formula Answer - Total Quantity Received/Total Quantity Ordered
