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INTE Exam Dumps : Supply Management Integration

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Supply Management Integration Questions and Answers

Question 1

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.

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Question 2

Which of the following refers to an agreement between a buyer and supplier in which vendor-owned inventory is stored on the buyer's floor until it is used in production?

Options:

A.

Consignment

B.

Just-in-time

C.

Point-of-use

D.

Vendor-managed

Question 3

Which of the following is the PRIMARY benefit of project governance?

Options:

A.

Projects considered essential are prioritized over others already in progress.

B.

Business projects need less monitoring, which allows local managers freedom to execute their projects.

C.

Projects that are behind targets may be allowed to continue, if the cause of the delay can be resolved.

D.

Business cases and associated benefits are subject to effective scrutiny, which helps with setting project timelines.