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INTE Exam Dumps : Supply Management Integration

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Supply Management Integration Questions and Answers

Question 1

GHI, Inc. is a U.S.-based company with an expanding product line. GHI widens its sourcing of components to global suppliers, including suppliers in countries which are not included in trading blocs or bilateral agreements with the United States. Compliance with which of the following will MOST likely reduce GHI's administrative burden of cargo inspections on materials imported from these sources?

Options:

A.

United Nations Convention on Contracts for the International Sale of Goods (CISG)

B.

Foreign Corrupt Practices Act (FCPA)

C.

Global Environmental Management Initiative (GEMI)

D.

Customs-Trade Partnership Against Terrorism (C-TPAT)

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Question 2

A company finds that delays and cost overruns are creating problems in its service contracts. To improve this situation, which of the following should the firm do FIRST?

Options:

A.

Renegotiate pricing with current service suppliers

B.

Convert cost reimbursable contracts into fixed prices

C.

Revise the company's standard contract template for all of its services

D.

Establish progress milestones and monitoring for existing contracts

Question 3

A company needs 1,000 widgets in Year 1 and projects that it will need 1,200 widgets in Year 2. The Year 1 order cost for widgets is $5, and the Year 1 carrying cost is S4. A recent contract renewal with the company's 3PL warehouse supplier will increase carrying costs in Year 2 to S6. How, if at all, will the Economic Order Quantity (EOQ) be affected?

Options:

A.

The EOQ will increase in Year 2 to 54 units.

B.

The EOQ will stay the same in Year 2.

C.

The EOQ will decrease in Year 2 to 32 units.

D.

The EOQ will decrease in Year 2 to 45 units.