SCMN 3730: Exam 1 (Cole) Questions and Answers Graded A+

SCMN 3730: Exam 1 (Cole) Questions and Answers Graded A+
Question : purchase of products or services at the right place,
delivered at the right time, of the right quality, in the right
quantity, from the right source
CORRECT ANSWER: procurement
Question : cost reductions increase _
CORRECT ANSWER: margin
Question : procurement is a (primary/support) activity
CORRECT ANSWER: support
Question : lead times _, _ and _ the amount of time it takes
for the product to arrive
CORRECT ANSWER: stabilize, reduce, ensure
Question : value advantages

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