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
, SCMN 2150 TEST 2 | QUESTIONS AND ANSWERS | 2026 UPDATE |
WITH COMPLETE SOLUTIONS - AUBURN UNIVERSITY.
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
Defect Rate Definition and Formula - (answer)Total Quantity Defective/Total Quantity Received
On time % definition and formula - (answer)Orders Received On Time/Total Orders
Perfect Purchase Order % definition and formula - (answer)Orders arrived on time, without defects, and
with perfect documentation at the right location with correct quantities of all SKUs ordered/Total
Orders
Supplier Scorecard-definition, creation, and utilization? - (answer)Monitor performance across multiple
metrics over extended time period, categorize suppliers based on their scores, offer additional business
to best performers
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
, SCMN 2150 TEST 2 | QUESTIONS AND ANSWERS | 2026 UPDATE |
WITH COMPLETE SOLUTIONS - AUBURN UNIVERSITY.
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
Defect Rate Definition and Formula - (answer)Total Quantity Defective/Total Quantity Received
On time % definition and formula - (answer)Orders Received On Time/Total Orders
Perfect Purchase Order % definition and formula - (answer)Orders arrived on time, without defects, and
with perfect documentation at the right location with correct quantities of all SKUs ordered/Total
Orders
Supplier Scorecard-definition, creation, and utilization? - (answer)Monitor performance across multiple
metrics over extended time period, categorize suppliers based on their scores, offer additional business
to best performers
