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INTE Exam Dumps : Supply Management Integration

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Supply Management Integration Questions and Answers

Question 1

A firm has created the following process flow diagrams depicting two possible strategies for the production of a new product line. The triangles represent inventory, and the rectangles represent processing. Each of the two options start with the same raw materials, and both create the product through two stages of processing.

Which of the following statements is correct?

Options:

A.

Option B's customers are likely to wait longer before receiving the product.

B.

Option A's product will be equally as expensive to make as Option B's.

C.

Option A's product is customizable for customers.

D.

Option B's product is an example of delayed differentiation.

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Question 2

Which of the following is the BEST reason to use Monte Carlo simu-lations to improve a forecast7

Options:

A.

To create a forecast that is accurate but has a wider distribution of potential outcomes

B.

To provide a single correct forecast that removes uncertainty

C.

To increase confidence in the forecast by reducing uncertainty

D.

To simulate potential outcomes and accept the resulting forecast without question

Question 3

The sourcing manager for a regional retail bakery chain reviews order quantities and stocking for perishable condiments on a quarterly basis. Which of the following factors should be the MOST critical consideration in this analysis?

Options:

A.

Setting reasonable delivery performance metrics for suppliers

B.

Understanding the tradeoff between freight costs and inventory levels

C.

Balancing customer service expectations with risk of stockouts

D.

Maintaining profitability for low margin items