CORE Exam Dumps : Supply Management Core Exam

The ability to explain how and why decisions are made in support of business plans is important because it allows a supply manager to influence internal stakeholders. By clearly communicating the rationale behind decisions, supply managers can gain buy-in and support from other departments, ensuring alignment and cooperation. This influence is crucial for the successful implementation of supply chain strategies and achieving organizational goals.

References

ISM (Institute for Supply Management). Effective Stakeholder Management.

CIPS (Chartered Institute of Procurement & Supply). Communication Skills for Supply Chain Professionals.

Requesting and Testing Samples from All Possible Supplier Manufacturing Locations: This would have ensured that DEF Inc. tested the quality of products from the actual production facility, not just the sample facility.

Requesting Larger Samples: While this might help, it doesn't address the issue of different production environments potentially affecting quality.

Requiring Assurance from Supplier: This is important but not sufficient by itself. The assurance doesn't substitute for actual testing from the correct facility.

Stricter Quality Controls at Receiving Dock: This is a reactive measure and doesn't prevent the problem from occurring in the first place.

References

Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2016). Purchasing and Supply Chain Management. Cengage Learning.

Burt, D. N., Petcavage, S. D., & Pinkerton, R. L. (2010). Supply Management. McGraw-Hill Education.

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.