SCMN 2150 Test 2 Auburn University
What is procurement? - ANS-process of actually purchasing goods and services
How does procurement differ from strategic sourcing? - ANS-Procurement operations
support tactical day-to-day transactions such as issuing purchase orders to suppliers,
whereas strategic sourcing represents to strategic planning, supplier development,
contract negotiation, supply chain infrastructure, and outsourcing models.
What is outsourcing? - ANS-obtain (goods or a service) from an outside or foreign
supplier, especially in place of an internal source.
What costs and challenges are involved in outsourcing? - ANS-slower turnaround time.
lack of business or domain knowledge.
language and cultural barriers.
time zone differences.
lack of control.
What is production? - ANS-The process by which inputs are combined, transformed,
and turned into outputs. We can produce both goods and services
What are the three key components of production? - ANS-1. input
2. transformation
3. output
What is the focus of lean production? - ANS-focus is to eliminate waste
What's the focus of mass customization? - ANS-focuses on providing customers with
good value for their money and increasing company profits. When buyers get custom
products, they focus more on the benefits and less on price.
What production processes are available for companies to use? - ANS-Job production
batch production
continuous production
What issues and factors drive the production layout decision? - ANS-production variety
and volume.
What is procurement? - ANS-process of actually purchasing goods and services
How does procurement differ from strategic sourcing? - ANS-Procurement operations
support tactical day-to-day transactions such as issuing purchase orders to suppliers,
whereas strategic sourcing represents to strategic planning, supplier development,
contract negotiation, supply chain infrastructure, and outsourcing models.
What is outsourcing? - ANS-obtain (goods or a service) from an outside or foreign
supplier, especially in place of an internal source.
What costs and challenges are involved in outsourcing? - ANS-slower turnaround time.
lack of business or domain knowledge.
language and cultural barriers.
time zone differences.
lack of control.
What is production? - ANS-The process by which inputs are combined, transformed,
and turned into outputs. We can produce both goods and services
What are the three key components of production? - ANS-1. input
2. transformation
3. output
What is the focus of lean production? - ANS-focus is to eliminate waste
What's the focus of mass customization? - ANS-focuses on providing customers with
good value for their money and increasing company profits. When buyers get custom
products, they focus more on the benefits and less on price.
What production processes are available for companies to use? - ANS-Job production
batch production
continuous production
What issues and factors drive the production layout decision? - ANS-production variety
and volume.
