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CORE Exam Dumps : Supply Management Core Exam

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Supply Management Core Exam Questions and Answers

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Question 1

In preparation for an upgrade to several of its business processes, a firm needs to provide training for key staff members. The firm's supply manager wants to be sure any solicitation for services uses up-to-date specifications and will attract good potential sources. Which of the following should be the FIRST step in accomplishing this?

Options:

A.

identifying suitable training packages and requesting bids for delivering them

B.

Inviting potential trainers to present their programs to a team of users

C.

Sending results-based Requests for Proposals (RFP) to known suppliers

D.

Issuing a Request for Information (RFI) to identify products and/or sources

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Question 2

DEF, Inc. conducts a Request for Information (RFI) to identify suppliers who will be invited to participate in a Request for Proposal (RFP) for technical support. The RFI requires audited financial statements. DEF receives an inquiry from a publicly traded supplier asking if their 10K statement will suffice, and a privately held supplier states that it will only provide its audited financial statement after receiving a nondisclosure agreement from DEF.

Given this situation, which of the following is the BEST course of action for DEF to take?

Options:

A.

Issue a revision to the current RFI listing alternate methods and conditions acceptable in demonstrating financial health

B.

Maintain the requirement for audited financial statements so that all respondents are graded on the same basis

C.

State that DEF reserves the right to use information other than that received in response to the RFI to evaluate respondents' financial condition

D.

Negotiate with all respondents for more financial information

Question 3

A firm has repeatedly experienced communication problems with three crucial suppliers. The firm's supply manager concludes that many of these problems are the result of not having regular business reviews with these suppliers. However, all three suppliers have indicated that they do not see the value in regular business reviews. Given this situation, which of the following is the BEST course of action for the supplier manager to take?

Options:

A.

Contact the CEO of each supplier and request that they encourage the firm to participate in the business reviews

B.

Advise the suppliers that failure to meet for the reviews will result in payments being suspended

C.

Advise the suppliers that their performance is not acceptable, and that they must improve or face further penalties

D.

Develop a specific agenda for the suppliers that identifies items to address and accomplish during the business review

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