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CORE Exam Dumps : Supply Management Core Exam

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Supply Management Core Exam Questions and Answers

Question 1

Which of the following will be MOST useful for gathering market intelligence and data on the general capabilities of potential suppliers?

Options:

A.

Request for information (RFI)

B.

Statement of work (SOW)

C.

Request for proposal (RFP)

D.

Price quotes

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Question 2

A supply management department is asked to obtain lower prices from suppliers. Through its efforts, the department manages to achieve a 5% reduction in indirect spend categories. However, some stakeholders request more items, keeping total expenditures about the same despite lower per-item costs.

Which of the following will be the BEST long-term approach for supply management to improve upon this situation?

Options:

A.

Refrain from processing orders for additional items unless there is a compelling justification

B.

Report the problem to top management, citing the departments with the poorest records

C.

Work with leadership to implement a more effective demand management program

D.

Accept additional orders only if the requesting department has at least a 5% overall reduction in spend

Question 3

A supply manager submits requests for additional personnel and equipment, which are approved. However, the organization's training budget is cut, giving less opportunity to train new employees. The supply manager is concerned that this will adversely affect the department's ability to build expertise. Given this situation, which of the following is the MOST effective action for the supply manager to take?

Options:

A.

Present justification showing how training supports cost reduction goals

B.

Utilize available training funds early in the year to gain maximum impact

C.

Fill fewer positions than approved and re-direct savings to training

D.

Seek highly-qualified applicants who will require less training