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INTE VCE Exam Download

Page: 11 / 13
Total 167 questions

Supply Management Integration Questions and Answers

Question 41

A firm hires a contractor to build a new warehouse. During construction, the firm decides it wants to modify the contract to add an office area to the facility. Which of the following is the BEST course of action for the firm to take in this situation?

Options:

A.

Verbally notify the contractor of the changes, negotiate the costs, and instruct the contractor to proceed with the change and write the change order at the time of project completion

B.

Develop a written description of the changes, and negotiate a written change order that minimizes the cost impact while work continues on the warehouse

C.

Stop construction on the warehouse and negotiate the change order with the contractor before resuming work

D.

Advise the contractor on how much the firm has available to build the new office area, and write a change order based on the final amount of the revisions

Question 42

A supply manager is analyzing potential costs associated with the raw materials needed for a new product launch. Tooling costs are known, but the range of forecasts for future sales—and therefore demand for materials-varies widely. Given these circumstances, the supply manager should consider using which of the following?

Options:

A.

Data mining

B.

Decision tree

C.

Analysis of variance

D.

Critical path

Question 43

Which of the following refers to the percentage of order requirements met through stock that is present on the shelf?

Options:

A.

Fill rate

B.

Lead time

C.

Inventory turnover

D.

Buffer stock

Question 44

A company saves packaging from incoming shipments and utilizes the cartons to sort parts and pad outgoing pallets. This can BEST be described as

Options:

A.

recycling

B.

reduction

C.

reclamation

D.

reuse

Page: 11 / 13
Total 167 questions