CORE Exam Dumps : Supply Management Core Exam

Regular performance reviews are crucial for suppliers that have a significant impact on the organization:

Standard: These suppliers typically provide routine products or services, and while performance reviews are important, they may not be the most critical.

Key: Key suppliers are important, but they are usually not as critical as strategic suppliers.

Strategic: Strategic suppliers provide goods or services that are vital to the organization’s long-term success, requiring regular performance reviews to ensure alignment and continuous improvement.

Commodity: Commodity suppliers provide widely available products, making performance reviews less critical compared to strategic suppliers.

Therefore, it is most important to conduct regular performance reviews with strategic suppliers.

References:

Strategic supply chain management literature.

Best practices in supplier performance management.

Item cost: $0.76

Packaging for shipment: $0.02

Shipping from Indonesia: $0.14

Duty: $0.03

Customs clearance: $0.10

Storage at buyer’s warehouse: $0.09

Shipment from warehouse to plant: $0.06

Calculate the total landed cost per unit: Sum of all the costs.

Total Landed Cost = $0.76 + $0.02 + $0.14 + $0.03 + $0.10 + $0.09 + $0.06 = $1.20

References

CIPS. (n.d.). Understanding Total Landed Cost in Procurement.

ISM. (n.d.). Calculating Total Landed Cost for Procurement Decisions.

Definition of Certification: A certified supplier is one that has demonstrated the ability to consistently meet quality and performance standards, eliminating the need for incoming inspection.

Supplier Evaluation: DEF Corporation has undergone thorough evaluation and has consistently delivered products that meet the required specifications.

Quality Assurance: This status indicates a high level of trust in the supplier’s processes and quality assurance measures.

Benefits: Reducing or eliminating incoming inspections saves time and resources for the company.

References

Supplier Certification Programs

Quality Management Systems

Procurement and Supply Chain Management Literature