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CPSM CORE Full Course Free

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Total 312 questions

Supply Management Core Exam Questions and Answers

Question 61

XYZ Inc. is a chemical manufacturing company. XYZ requires high levels of consistency and precision from certain suppliers in their machining work. In order to drive continuous improvement with these suppliers, XYZ should develop KPIs to track performance in which of the following areas?

Options:

A.

Cost

B.

Quality

C.

Cycle Time

D.

Service

Question 62

A supply manager wants to develop a strategy to facilitate supplier Innovation. Which of the following is MOST likely to achieve this goal?

Options:

A.

Locating new suppliers that lead their industry

B.

Recognizing current suppliers for innovative performance

C.

Leveraging innovations from one supplier to improve all other suppliers

D.

Awarding contracts only to the most innovative companies

Question 63

A buyer for DEF, Inc. has been exceeding spending authority on agreements with several new suppliers. Which of the following Is an accurate statement regarding DEF's liability in this situation?

Options:

A.

DEF is only liable for an amount equal to the buyer's actual authority level.

B.

DEF is fully liable for the agreements, as the buyer is an employee of the company.

C.

DEF is responsible for the agreements if the buyer exceeded actual authority, but the suppliers perceived the spend to be within apparent authority.

D.

DEF is responsible for the agreement if the buyer exceeded actual and apparent authority levels, but only for a value equal to the apparent authority amount.

Question 64

The chief procurement officer (CPO) for a large hospital system is planning to implement a new e-sourcing system. Satellite clinics and specialty centers will be authorized to process small orders through this system, rather than sending requests to the central supply management department, as has been done in the past. Which of the following actions by the CPO will MOST likely support a successful implementation of this system?

Options:

A.

Providing regular progress reports to top management

B.

Visiting similar organizations to see how their systems operate

C.

Building a team of potential users to help define needs

D.

Scheduling on-site demonstrations of leading software systems

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Total 312 questions