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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 preparing the department's budget for the next year. Which of the following is the FIRST step in this process?

Options:

A.

Controlling expenditures during the budgetary year

B.

Reviewing the organization's goals

C.

Defining the needed resources

D.

Presenting the budget for review

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Question 2

A business unit conducts discussions with key management members that Include category overviews, contracting executive summaries, local content spending plans, sourcing timelines, and cost management/value creation. These presentations can BEST be described as which of the following?

Options:

A.

Commodity segmentation

B.

Contracting plan

C.

Spend analysis

D.

Category action plan

Question 3

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