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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 small electronics manufacturer patents a new device for securing internet servers. While this device consists of standard components and is simple to manufacture, it also contains proprietary engineering and design elements not widely known in the marketplace. After receiving a large order, which exceeds the company's current manufacturing capacity, the firm's supply management department is tasked with outsourcing the manufacture of the device to the most competitive sources available. As the supply management team evaluates selected suppliers, which of the following should be given the MOST consideration?

Options:

A.

Component part availability

B.

Risks to the company's intellectual property

C.

Logistical vulnerabilities associated with offshore suppliers

D.

Reduced product quality

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Question 2

MNO Inc. is a U.S.-based manufacturing company that imports sub-assemblies from Asia and incorporates them into several products. The firm orders in large quantities to obtain the lowest price per unit, and then pulls the items as required to produce finished goods. MNO wishes to improve its cash flow and seeks ways to reduce the impact of import duties. Which of the following Is the BEST approach for the company to use?

Options:

A.

Review tariff classifications for potential savings opportunities

B.

Place goods in a bonded warehouse and delay duty payment

C.

Apply for duty refunds when goods are exported

D.

Obtain a temporary import bond

Question 3

Due to growth, a private school system finds that its costs for support, including maintenance and janitorial services, have increased dramatically. Though supply management generally does a good job in managing service contracts, there Is no strategic plan or systematic method for reviewing costs on a long-term basis.

The school's board has made the development of a strategic plan the supply manager's priority assignment for the next school year. Given this situation, which of the following should be the supply manager's FIRST step in developing this plan?

Options:

A.

Determine how supply management can minimize costs and reduce risks

B.

Create specific goals and objectives for addressing changes in how support services are to be managed

C.

Meet with the board chair to discuss organization-level strategies impacted by support services

D.

Identify opportunities to make specific changes In the purchasing and contracting processes