Scm 421 exam 1 Study guides, Class notes & Summaries

SCM 421 Exam 1 Q&A 2023 Last document update:   ago

What are retail chains large enough to buy directly from manufactures called? - Answer- National Accounts What are retail chains large enough to buy directly from manufactures called? - Answer- National Accounts Which of the following is NOT a process that must be managed in the SCOR MODEL? - Answer- Assess Which of the following is NOT a process that must be managed in the SCOR MODEL? - Answer- Assess Your goal as a purchasing professional should always be to get the lowest possible...

SCM 421 EXAM 1 Last document update:   ago

Purchasing in the pre 1970s - Answer- CLERICAL ERA -before WW2: purchasing was a clerical function -purchasing world -subordinated to other function within the firm Purchasing in the late 1980's-90's - Answer- TRANSACTIONAL ERA -materials costs= 60% of COGS in the U.S.A -traditional activities (purchasing) continued -new responsibilities included supplier management, lean management, and outsourcing Purchasing in the 2000's to present day - Answer- STRATEGIC ERA -from purchasing ...

SCM 421 Exam 1 Questions Last document update:   ago

SCM 421 Exam 1 Questions