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INTE Exam Dumps : Supply Management Integration

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Supply Management Integration Questions and Answers

Question 1

Which of the following refers to the practice of buying a commodity on the open market for immediate delivery?

Options:

A.

Hedging

B.

C.

D.

Answer:

E.

Forward buying

F.

Spot buying

G.

Speculative buying

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Question 2

A company finds that tracking demand for products sold at its retail outlets makes forecasting a challenge. Which of the following would be MOST useful in providing rapid updates when dealing with suppliers?

Options:

A.

Regression analysis of future sales

B.

Safety stock review

C.

Point-of-sale system

D.

Probability modeling

Question 3

A supply manager is part of a ramp-up team for a new product line. The supply manager's role will include finding and evaluating new sources and obtaining commitments to support the volume projected by marketing. In recent campaigns, sales forecasts have been considerably higher than actual demand, and the supply manager wants to minimize the risk of such a situation happening again. Which of the following arguments made by the supply manager will MOST likely influence the team to re-examine product launch expectations?

Options:

A.

"Supplier quality problems could mean the company misses the critical time-to-market window."

B.

"The company may experience involuntary down time if suppliers cannot keep up with production needs."

C.

"Cost overruns on unfamiliar materials might cause suppliers to raise prices. ’

D.

"An overly optimistic forecast may result in costly excess inventory and obligations."