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CORE Exam Dumps : Supply Management Core Exam

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Supply Management Core Exam Questions and Answers

Question 1

A supply manager is working with multiple management layers to create a procurement policy. Which of the following should the supply manager do FIRST in order to ensure that this policy is successfully adopted by the organization?

Options:

A.

Host a meeting with key external suppliers to understand engagement for policy adoption

B.

Host a meeting with key internal stakeholders to review the proposed policy

C.

Engage business unit sponsors to ensure adoption throughout the organization

D.

Verify that senior management approves and distributes the policy to the organization

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Question 2

A local utility's supply manager is preparing a solicitation to select a contractor to construct a controlling station for the utility's main plant. Construction must begin within four months and be completed in a year or less, as delays in bringing the new station online could cause serious losses for the utility. Which of the following will be MOST effective in monitoring performance and ensuring timely completion?

Options:

A.

Specifying high consequential damages for failure to complete the project in a timely manner

B.

Ensuring that the scope of work is clear, to minimize misunderstandings

C.

Requiring milestones, progress reports, and liquidated damages for noncompliance

D.

Including a strong for-cause termination clause

Question 3

A supply manager Is planning for negotiations with a sole-source supplier of an essential part. The buying firm is already one of the supplier's top customers, and will need even larger quantities of the part to expand its product line in the near future. The supply manager learns that the supplier may experience some financial risks over the coming year, and that the supplier is anxious to solidify its relationships with major customers to mitigate that risk. Which of the following Is the BEST way for the supply manager to gain a deeper understanding of the supplier's position?

Options:

A.

Perform a SWOT analysis

B.

Perform a Porter's Five Forces analysis

C.

Determine the supplier's bottom line position

D.

Determine the buying firm's bottom line position