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CORE Exam Dumps : Supply Management Core Exam

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Supply Management Core Exam Questions and Answers

Question 1

An automobile manufacturer learns that its supplier for brake parts cannot maintain a steady workforce of machinists. In this instance, it is likely that the manufacturer failed to examine which of the following during supplier performance evaluations?

Options:

A.

Labor stability

B.

Quality metrics

C.

Financial stability

D.

Business continuity

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Question 2

A supply manager Is evaluating bids for a new delivery van. Supplier J, which has provided similar equipment in the past, quotes a price of $50,000. Supplier K quotes a price of $52,500, but Includes an offer to buy back the van at the end of five years for $3,000. Both suppliers' bids meet specifications and delivery requirements. At a 10% opportunity cost of capital, and with the 5-year present value of $1 at $.62, which supplier should the supply manager choose, and why?

Options:

A.

Supplier K, as the firm will save $500

B.

Supplier J, as it provides the best value

C.

Supplier J, based on prior satisfactory performance

D.

Supplier K, to save money over the van's life cycle

Question 3

DEF, Inc. is a multinational oil company expanding into a new geographic region. The firm's policy is to purchase locally for its operations whenever possible. Thus, DEF needs to find sources of materials, basic equipment, and standard bulk items within the new region. Which of the following should DEF do FIRST?

Options:

A.

Issue a Request for Quotation (RFQ)

B.

Conduct a suppliers' conference

C.

Issue a Request for Information (RFI)

D.

Issue a Request for Proposal (RFP)