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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 business unit conducts discussions with key management members that Include category overviews, contracting executive summaries, local content spending plans, sourcing timelines, and cost management/value creation. These presentations can BEST be described as which of the following?

Options:

A.

Commodity segmentation

B.

Contracting plan

C.

Spend analysis

D.

Category action plan

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Question 2

A supply manager for an electronics manufacturer is asked to source packaging for the company's new printed circuit board. The specifications recommend 0.50 mm tolerances, with a projected breakage ratio of 0.50%, at a cost of $1.00 each. The supply manager finds an alternative source that is specified at 0.60 mm tolerances, with a projected breakage ratio of 0.75%, at a cost of $0.80 each. If the cost of the new circuit board is $120 per unit, which packaging should the supply manager recommend and why?

Options:

A.

The 0.50 mm packaging, as It is the most cost effective.

B.

The 0.50 mm packaging, as the supply manager's primary responsibility is honoring internal stakeholder requests.

C.

The 0.60 mm packaging, as it is the most cost effective.

D.

The 0.60 mm packaging, as it is only $0.80 each, while the 0.50 mm packaging is $1.00 each.

Question 3

During its first annual business review, a supplier requests an increase in pricing. The supplier’s survey results show a rating of 2.9 out of 5 possible points (with 3.0 being acceptable). Market indices indicate that the supplier's industry has experienced no price increase. In this situation, which of the following is the BEST course of action for the buyer to take?

Options:

A.

Ask the supplier to respond to the survey results item by item, to determine the efficacy of the request

B.

Review the survey results with the supplier asking how it plans to address the concerns, and discuss the economic factors supporting the price increase

C.

Reestablish service level agreement expectations and deny any increase at this time

D.

Inform the supplier that the market indices do not support an increase, and issue a 30-day cure letter warning of contract breach based on the survey results