SCMN 2150 Exam 2 Study Guide: Robert Straw Questions & Answers (2025)

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SCMN 2150 EXAM 2 ROBERT STRAW
QUESTIONS AND ANSWERS 2025



What type of purchases should receive a supply
manager's lowest priority and time commitment? -
.....ANSWER ...✔✔ Generic Goods


The tactical activity of purchasing of merchandise or
service at the optimum possible total cost in the correct
amount and quality is called ______. - .....ANSWER
...✔✔ Procurement


Step 1 of the five-step procurement process -
.....ANSWER ...✔✔ identify need for material and
services


Step 2 of the five-step procurement process -
.....ANSWER ...✔✔ evaluate supplier options


Step 3 of the five-step procurement process -
.....ANSWER ...✔✔ Select best suppliers

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Step 4 of the five-step procurement process -
.....ANSWER ...✔✔ release order and receive
products


Step 5 of the five-step procurement process -
.....ANSWER ...✔✔ measure and manage supplier
performance


What is the final step in the procurement process? -
.....ANSWER ...✔✔ Evaluate supplier performance


According to week 5's article, procurement managers
need to focus less like cost analysts and more like
business owners. True or False - .....ANSWER ...✔✔
True


According to the week 5 article: the focus of
procurement metrics should be: - .....ANSWER ...✔✔
value delivery


The purchase or a product, part or component from an
outside supplier versus manufacturing it in house is
called: - .....ANSWER ...✔✔ outsourcing

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What is a primary risk of poor outsourcing decisions? -
.....ANSWER ...✔✔ output quality will decline


Because companies spend more than half their revenue
on purchases of goods and services, they should
strategically manage key sources of supply to reduce
the total cost of material and services. True or False -
.....ANSWER ...✔✔ True


Which types of purchases include the modules and
components that are used in production processes and
add value to the product? - .....ANSWER ...✔✔ Direct
Materials


The important priority of supply management is to
generate a sustainable advantage through lower costs,
higher quality, and better service from your supply
base. True or False - .....ANSWER ...✔✔ true


According to the week 5 reading, what question will
help procurement professionals drive more value from
supplier relationships?
a) how do we motivate suppliers to meet goals?
b) how do we extract more savings from out suppliers
c) How do we get more innovation from our suppliers

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d) how do we inhibit the ability of suppliers to deliver
value - .....ANSWER ...✔✔ d) how do we inhibit the
ability of supplier to deliver value


According to the week 5 reading, what will drive the
next wave of sourcing value? - .....ANSWER ...✔✔
Deeper collaboration and supplier commitment


What is the process of determining the most attractive
alternative involves comparing the internal costs avoided
by outsourcing to the costs of outsourcing? - .....ANSWER
...✔✔ make-or-buy analysis


If production of goods is a core competency of your
organization, you should: - .....ANSWER ...✔✔ Keep
manufacturing in-house


Strategic sourcing focuses on all of the following
EXCEPT:
Improving product quality
improving processes
increasing efficiency
minimizing unit cost - .....ANSWER ...✔✔ minimizing
unit cost