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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 company that makes specialized equipment for a very competitive industry relies on several critical engineered imported components. The components present a high degree of risk that could impact the future growth of the company. Given this situation, which of the following is the BEST course of action for the buying organization to take when preparing for negotiations with suppliers?

Options:

A.

Ask suppliers to analyze potential sources of risk for all components and raw materials

B.

Change sources of any components or raw materials that are imported from high-risk countries

C.

Require suppliers to provide risk insurance, with the buying organization listed as contingency beneficiary

D.

Determine with senior management and internal stakeholders the acceptable levels of risk for each product

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Question 2

A company is about to conduct an opportunity assessment review of the items it purchases. Which of the following categories should be analyzed FIRST?

Options:

A.

Low value/high risk and high value/low risk items

B.

High value/high risk and low value/high risk items

C.

High value/low risk and high value/high risk items

D.

Low value/low risk and low value/high risk items

Question 3

Which of the following is the BEST method for comparing a supplier's performance to that of another organization, with the goal of understanding where improvements might be made?

Options:

A.

Customer satisfaction surveys

B.

Measurement system analysis

C.

Focus groups

D.

Benchmarking