GSCM 540 DeVry Midterm Exam

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GSCM 540 DeVry Midterm Exam GSCM540 GSCM 540 DeVry Midterm Exam GSCM 540 DeVry Midterm Exam Question 1. 1. (TCO 1) Today’s business environment calls for purchasing managers to be more tightly integrated into the overall strategic decision-making process of the firm. However, there are a number of challenges involved in doing that effectively. Explain what is meant by an integrated approach to sourcing, and discuss some of the challenges that a purchasing manager needs to overcome to successfully accomplish that. (Points : 20) Question 2. 2. (TCO 2) In an integrated approach to sourcing we now see procurement more widely accepted as a profession. How will this function evolve over the next decade? What will the objectives be other than reducing price of materials and services? (Points : 25)

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GSCM 540 DeVry Midterm Exam GSCM540 GSCM 540 DeVry Midterm Exam GSCM 540 DeVry Midterm Exam Question 1. 1. (TCO 1) Today’s business environment calls for purchasing managers to be more tightly integrated into the overall strategic decision-making process of the firm. However, there are a number of challenges involved in doing that effectively. Explain what is meant by an integrated approach to sourcing, and discuss some of the challenges that a purchasing manager needs to overcome to successfully accomplish that. (Points : 20) Question 2. 2. (TCO 2) In an integrated approach to sourcing we now see procurement more widely accepted as a profession. How will this function evolve over the next decade? What will the objectives be other than reducing price of materials and services? (Points : 25)

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