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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 buying company concludes the request for proposal (RFP) process and signs a contract for its primary logistics provider. Company policy requires that the supply manager notify and debriefall unsuccessful bidders. During these debriefings, one of the bidders—Supplier X— states that it will offer a price discount lower than that of the successful bidder. Supplier X's proposal is very strong, and the firm has a track record of success with the buying company. Given this situation, which of the following is the BEST course of action for the supply manager to take?

Options:

A.

Escalate Supplier X's proposal to executive management

B.

Re-open the RFP for all suppliers to re-submit proposals

C.

Reject Supplier X's offer

D.

Withdraw the award from the selected bidder and re-award the contract to Supplier X

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Question 2

The chief executive officer (CEO) of a candy company directs the firm to source, produce and market a line of organic clothing. The firm's internal stakeholders are not in agreement with the CEO. In this situation, which of the following courses of action should supply management take?

Options:

A.

Create a steering committee

B.

Poll external stakeholders for input

C.

Select the best source of supply

D.

Perform cost regression analysis (CRA)

Question 3

A corporation acquires a startup company, with the objective of branching out into a new product line. The firm's procurement team needs to enlarge the supply base in order to meet the new production requirements. Which of the following is the BEST way for the team to ensure suppliers are aligned with organizational goals?

Options:

A.

Contact current suppliers to determine their maximum production capacity at the necessary quality levels

B.

Conduct market research to Identify characteristics needed by potential suppliers

C.

Facilitate meetings between internal stakeholders and external stakeholders

D.

Compare the firm's vision and mission to potential suppliers' capabilities