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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 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

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Question 2

A plumbing supplies company asks its supply manager to develop a category management plan for the coming year.

The supply manager conducts a spend analysis in order to identify and rank the most important categories. Which of the following should the supply manager use?

Options:

A.

Frequency chart

B.

Pareto analysis chart

C.

Profit margin chart

D.

Fish bone diagram

Question 3

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