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CORE Exam Dumps : Supply Management Core Exam

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Supply Management Core Exam Questions and Answers

Question 1

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

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Question 2

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

Question 3

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