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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 corporation acquires a startup company, with the objective of branching out into a new product line. The firm's procurement team needs to enlarge the supply base in order to meet the new production requirements. Which of the following is the BEST way for the team to ensure suppliers are aligned with organizational goals?

Options:

A.

Contact current suppliers to determine their maximum production capacity at the necessary quality levels

B.

Conduct market research to Identify characteristics needed by potential suppliers

C.

Facilitate meetings between internal stakeholders and external stakeholders

D.

Compare the firm's vision and mission to potential suppliers' capabilities

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Question 2

The procurement officer for a publicly-traded U.S. company completes a 409 filing with the Securities and Exchange Commission (SEC), due to a number of supplier deliveries being missed that impact revenue forecasts. The procurement officer's NEXT step should be to

Options:

A.

review with the legal department what actions can be taken against suppliers with late deliveries

B.

document a corrective action plan

C.

determine what changes can be made to contracts to ensure suppliers meet delivery deadlines

D.

terminate contracts with suppliers who have been late with deliveries

Question 3

A supply manager is preparing the department's budget for the next year. Which of the following is the FIRST step in this process?

Options:

A.

Controlling expenditures during the budgetary year

B.

Reviewing the organization's goals

C.

Defining the needed resources

D.

Presenting the budget for review