CORE Exam Dumps : Supply Management Core Exam

Spend Profile Analysis: This involves examining how much money is being spent, on what, and with whom.

Internal Database: The company’s internal database will have historical data on past expenditures, contracts, purchase orders, and supplier performance.

Comprehensive Data: This data is likely to be accurate, detailed, and tailored to the company’s specific context.

Internal Stakeholders: While they can provide insights, their information may not be as comprehensive or reliable as the data from an internal database.

External Sources: External sources like sales representatives or the internet may not have access to all necessary internal details. References

CIPS (Chartered Institute of Procurement & Supply) guidelines on spend analysis.

To leverage supply contracts and make MRO supplies available to all subsidiaries efficiently and cost-effectively:

Require suppliers to provide secure ordering portals tailored to specific contracts: While secure, this approach places the burden on suppliers and may lead to inconsistencies in user experience.

Conduct train-the-trainer sessions for supply management staff at the subsidiaries: Effective for training, but not the most efficient way to provide ongoing product details.

Create internal online catalogs with ordering instructions and links to suppliers' sites: This approach centralizes information, making it easily accessible for all subsidiaries. It ensures consistency in ordering procedures and allows for efficient updates.

Email a list of suppliers' websites to contacts at each subsidiary: Simple but lacks centralization and can lead to outdated or inconsistent information.

Therefore, the most efficient and cost-effective way is to create internal online catalogs with ordering instructions and links to suppliers' sites.

References:

Supply chain management best practices on internal cataloging.

Institute for Supply Management (ISM) guidelines on centralized procurement systems.

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.