LO3-SCM

In the following technique of "Strategic Cost Management" different products and commodities ae combined together and dispatched in a single shipping to reduce cost

• Activity based

• TQM

• Bundling

• Life Cycle Costing

In Methods of "Pricing in sourcing", Risk plays an very vital role for make or Buy

• General & Economic Considerations

• Price Analysis

• Administration of Make or Buy decision

• Volatile nature of Make or Buy decision

Following is not among the "Three pillar" of Make or Buy Decision

• Management Policy

• Business Strategy

• Level of Risk

• Economic factors

In following strategic sourcing techniques Suppliers are asked to stay closer to the Manufacturing firms

• Outsourcing

• In-sourcing

• Near sourcing

• Global sourcing

Company like "Apple" uses following purchase design more often

• Technology transfer

• Hubs & Markets

• Make to order sourcing

In following types of "discounts" are given for long term associated suppliers

• Trade discounts

• Cash Discount

• Quantity discount

• Loyalty discount

In the following condition, Negotiation is initiated due to good price offer by another supplier

• Better Deal

• Renewal of contract

• New supplier induction

• Formation of a contract

In following style of negotiation, the buyer helps the suppliers with creative solutions to the existing problems

• Accommodative

• Avoiding

• Compromising

• Collaborative

Following is not a "role" of a lawyer in the negotiation process

• Arbitrate

• Resolve cultural differences

• Pass judgement on the misconduct

• Monitor ethical conduct

Following characteristics/ quality of a good negotiator indicates his patience level

• Articulation

• Perseverance

• Flexibility

• Non-jedgemental