GSCM 540 DeVry Final Exam

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GSCM 540 DeVry Final Exam

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GSCM 540 DeVry Final Exam

GSCM540

GSCM 540 DeVry Final Exam

GSCM 540 DeVry Final Exam

Question 1. 1. (TCOs 1 and 6) Explain how the request for quote and request for proposal processes work. Be sure to indicate how they differ and how a purchasing group uses each. (Points : 25)

Question 2. 2. (TCO 5) Read the following scenario and then determine whether the firm should make, buy, or partner in this situation. In addition to explaining why you feel your choice is superior to the other two, be sure to discuss the implications it will have for procurement. Your organization plans to introduce a new product in the next 16–18 months. The product will rely on technology about which your organization already has some know-how. Although this product could open up new markets for your firm, you suspect that competitors are also making plans to enter this market. In fact, they are likely to have competing products out in the marketplace around the same time you expect to. Rather than compete on price, you feel that your firm’s key to strong market share will be how well you differentiate your new product from your competitors. (Points : 25)

Question 3. 3. (TCO 6) What would the softer or more generic strategic benefits of outsourcing be? Please list and explain your answers. (Points : 25)

Question 4. 4. (TCOs 1, 2, and 3) Global sourcing is an increasingly attractive option due to the ability to take advantage of cost differentials offered by producing in lower wage countries. However, there are a number of ethical challenges that are presented by going abroad for goods and services. Provide examples of some of these ethical issues and explain what your firm would need to do to ensure that you weren’t contributing to their occurrence. (Points : 25)

Question 5. 5. (TCOs 4, 5, and 6) Explain the differences between supply chain partnerships and traditional buyer and supplier relationships. Under what conditions is one more appropriate than the other? (Points : 25)

Question 6. 6. (TCOs 3 and 4) Explain the statistical process control (SPC) method and what needs to be measured in order to assess product quality. Be sure to discuss how a suitable criterion for acceptable quality is statistically determined. (Points : 25)

Question 7. 7. (TCO 5) How do purchasing managers use the learning curve? Explain the calculations that go into determining the effect of the learning curve on future production levels. (Points : 25)

Question 8. 8. (TCO 6) Your coworker makes the following statement: “I envy the power you buyers have; you hold all the cards in a purchase negotiation because you are the one spending the money.” Is your friend right? (Points : 25)