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CORE Exam Dumps : Supply Management Core Exam

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Supply Management Core Exam Questions and Answers

Question 1

Consider the following supplier terms for the same product:

Supplier A:2%/15, Net 30

Supplier B:4°/o/5, Net 30

Which supplier's terms are more advantageous to the buying organization?

Options:

A.

Supplier B

B.

Cannot be determined based on the above information

C.

Supplier A

D.

The terms are equivalent

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Question 2

A supplier's willingness to deal with rejected materials, fill surges in orders, and provide technical support will be MOST affected by which of the following?

Options:

A.

Creating teaming agreements with suppliers

B.

Negotiating Inclusive terms and conditions

C.

Maintaining good supplier relationships

D.

Including such conditions in the statement of work

Question 3

A director of supply management is tasked with determining where savings can be found in indirect cost categories. If needed, the company will consider hiring additional staff to negotiate and administer contracts. Which of the following is the FIRST step the supply manager should take?

Options:

A.

Assess skills already available in supply management

B.

Identify a cross-functional team to brainstorm solutions

C.

Develop a new supplier relationship model

D.

Establish a baseline using current spend data