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GSCM 460 Final Exam

GSCM 460 Final Exam

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Author: Christine Farr
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Question 1.1. (TCO 1) Long-term relationships between customers and suppliers are critical to any organization’s success. Purchasing at one time fell under the materials management function, and now is a separate function with separate management. More recently, other groups have also been moved out of the materials management function, such as logistics and supply chain. Explain why this trend has occurred, and what the responsibilities are of each of their functions within the organization. Then, provide a statement differentiating the functions and explaining the responsibilities of materials, purchasing, logistics, and supply chain in a multisite operation.
Question 2.2. (TCO 2) While determining a supply strategy, after defining the quality expectations we must ask the five whys — Who, What, Where, Why, When and How? For a supply strategy, please define and apply each of these answers in your own words
Question 3.3. (TCO 3) Large companies have an advantage of specialized procurement professionals. These specialists help the appropriate supply team use the information and technology to drive supplier selection. What are the four areas of specialization? What are a few of the responsibilities in each of these four areas?


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