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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 director of supply management obtains approval to implement a spend analysis matrix. While the matrix will be primarily used to support the development of sourcing strategies, it will also be leveraged by functional lines of the business for budget planning. Which of the following is the MOST important step for the director to take in order to ensure the information from the spend analysis is accurate and reliable?

Options:

A.

Lead a sub-initiative to cleanse supplier and spend data before it is loaded

B.

Engage information technology (IT) to develop detailed specifications for all inbound integrations

C.

Select a best-in-class supplier as partner for developing the matrix and on-going hosting

D.

Meet with key stakeholders to gather reporting requirements and understand expectations

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Question 2

A buying company concludes the request for proposal (RFP) process and signs a contract for its primary logistics provider. Company policy requires that the supply manager notify and debriefall unsuccessful bidders. During these debriefings, one of the bidders—Supplier X— states that it will offer a price discount lower than that of the successful bidder. Supplier X's proposal is very strong, and the firm has a track record of success with the buying company. Given this situation, which of the following is the BEST course of action for the supply manager to take?

Options:

A.

Escalate Supplier X's proposal to executive management

B.

Re-open the RFP for all suppliers to re-submit proposals

C.

Reject Supplier X's offer

D.

Withdraw the award from the selected bidder and re-award the contract to Supplier X

Question 3

A supply manager is planning to conduct negotiations with three potential suppliers, one of which will be selected to provide components for a new product line. A number of internal stakeholders have asked to participate in the negotiations. However, most of the stakeholders have not been involved with the sourcing process up to this point. In this situation, which of the following would be the BEST approach for the supply manager to take?

Options:

A.

Limit the negotiations to a few persons who can add feedback at designated points in the negotiation

B.

Ask the stakeholders' managers to decide who should participate in the negotiations and who should not

C.

Refuse to allow any of the stakeholders to participate in the negotiations

D.

Permit all interested stakeholders to participate in the negotiations