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INTE ISM Exam Lab Questions

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Total 167 questions

Supply Management Integration Questions and Answers

Question 17

A supply manager is tasked with assisting internal customers in refining their budgets and planning future sourcing. The supply manager works with the firm's marketing director on a budget which includes a large direct mail campaign and the revision of promotional materials for several products.

Six months later, marketing has nearly exhausted the budget due to cost increases in paper and printing, even though the marketing campaign's scope has not changed. Which of the following did the supply manager and marketing director fail to consider?

Options:

A.

Ongoing project monitoring

B.

Comparison of actual results with established goals

C.

Alignment of departmental priorities with those of the parent organization

D.

Use of pricing data to forecast trends

Question 18

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

Question 19

A sourcing manager needs to outsource production in order to meet demand for a specific product. The internal production schedule and forecasted sales have been provided for the next nine months. Internal production follows a level schedule of 4,000 units per month and up to 7,000 units may be stored in inventory. There is no beginning inventory for January. During what month(s) will outsourced production be required to meet forecasted sales?

MonthJanFebMarAprMayJunJulAugSep

Unit Sales3,0003,0004,0001,0009,0005,0004,0003,0005,000

Options:

A.

June, July and September

B.

June only

C.

July only

D.

May, June and September

Question 20

An organization's capital expenditure policies are MOST closely aligned with which of the following types of assets?

Options:

A.

Deferred

B.

Intangible

C.

Current

D.

Fixed

Page: 5 / 13
Total 167 questions