SCMN 2150 Test 2 Exam Questions And Revised Correct Answers
SCMN 2150 Test 2 Exam Questions And Revised Correct Answers Supply management - ANSWER : The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives Strategic sourcing - ANSWER : an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company Procurement - ANSWER : the purchase of merchandise or services at the optimum possible total cost in the correct amount and quality At the right price From the right source At the right specification In the right quantity For delivery at the right time To the right internal customer - ANSWER : 6 specifics of buying products and services for procurement Buy products and services - ANSWER : the 'what' of the focus of procurement Understand business requirements Streamline purchasing processes Identify better sources of supply - ANSWER : the 'how' of the focus of procurement 1. Monitor KPIs and take corrective action, to ensure value is provided by suppliers 2. Create visibility into process and performance across the entire supply management life cycle - ANSWER : 2 reasons why it is important to evaluate suppliers
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scmn 2150 test 2 exam questions and revised corre
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