SCMN-2150 Test 2 Questions And Revised Correct Answers
SCMN-2150 Test 2 Questions And Revised Correct Answers What is a procurement? - ANSWER : Purchase of merchandise/services at the optimum total cost, correct quantity, time and quality (day to day purchasing function) What is strategic sourcing? - ANSWER : 1) what to buy and from where (focus on improving) 2) The institutional process that continuously re-evaluates and improves the purchasing activities of a company. Differences between traditional purchasing and strategic sourcing - ANSWER : Traditional - sourcing goods at the lowest possible price Strategic - focuses on linking strategies & decisions related to the procurement of goods/services (Higher quality, timeliness & lower costs) What are the 5 steps in the procurement process and why is it important to follow them? - ANSWER : 1) identify needed products & services 2) find capable suppliers 3) select the best suppliers 4) initiate transactions 5) evaluate performance
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scmn 2150
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scmn 2150 test 2 questions and revised correct an
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