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INTE Exam Dumps : Supply Management Integration

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Supply Management Integration Questions and Answers

Question 1

At the beginning of each year, a large firm’s indirect procurement organization holds a brainstorming session. These sessions produce many great ideas and foster support among the procurement team. However, after a few years, support for the brainstorming sessions begins to diminish, and the projects discussed are pushed aside in order to deal with more pressing issues. In this situation, which of the following would be the BEST course of action to take?

Options:

A.

Discontinue the brainstorming sessions and urge employees to make improvements within their areas of responsibility as they see opportunities arise

B.

Ask other functional areas to suggest improvement projects, and dedicate resources to support these initiatives

C.

Create a center of excellence with select managers committed to implementing the ideas discussed in the brainstorming sessions

D.

Assign functional project managers to work on the brainstorming project

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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

A firm collects the following forecasted and actual demand for a certain part:

PeriodForecastActual

KI30311

22531

32826

42520

What is the absolute value of the forecast error?

Options:

A.

10

B.

Cannot be determined from above information

C.

14;

D.

0