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CORE Exam Dumps : Supply Management Core Exam

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Supply Management Core Exam Questions and Answers

Question 1

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

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Question 2

A supply manager is working with multiple management layers to create a procurement policy. Which of the following should the supply manager do FIRST in order to ensure that this policy is successfully adopted by the organization?

Options:

A.

Host a meeting with key external suppliers to understand engagement for policy adoption

B.

Host a meeting with key internal stakeholders to review the proposed policy

C.

Engage business unit sponsors to ensure adoption throughout the organization

D.

Verify that senior management approves and distributes the policy to the organization

Question 3

A supply manager Is planning for negotiations with a sole-source supplier of an essential part. The buying firm is already one of the supplier's top customers, and will need even larger quantities of the part to expand its product line in the near future. The supply manager learns that the supplier may experience some financial risks over the coming year, and that the supplier is anxious to solidify its relationships with major customers to mitigate that risk. Which of the following Is the BEST way for the supply manager to gain a deeper understanding of the supplier's position?

Options:

A.

Perform a SWOT analysis

B.

Perform a Porter's Five Forces analysis

C.

Determine the supplier's bottom line position

D.

Determine the buying firm's bottom line position