ISM Supply Management Core - CORe FREE EXAM DUMPS QUESTIONS & ANSWERS

A supply manager identifies an overseas source for parts used by the organization. The supplier's capacity, performance, reputation and sample quality are all acceptable. During final price negotiations, the supplier requests that the contract be based on its local currency. Which of the following is the FIRST course of action the supply manager should take in order to address the possible impact of this request?

A manufacturing company with plants and suppliers in numerous locations wants to cut its travel budget for the next year by 20%. Which of the following is MOST likely to help reduce travel costs?

A supply manager Is conducting the following activities:
*Mapping between category codes and category maps
*Normalizing supplier information
*Performing supplier mapping
*Refining mapping with financial systems data
Which of the following is the supply manager engaged in?

The ability to explain how and why decisions are made in support of business plans is important because it allows a supply manager to

Which of the following financial indices may be used to infer the typical mark-up percentages used by a firm?

Which of the following is the MOST important benefit of implementing a contract management system?

DEF, Inc. is a multinational oil company expanding into a new geographic region. The firm's policy is to purchase locally for its operations whenever possible. Thus, DEF needs to find sources of materials, basic equipment, and standard bulk items within the new region. Given this situation, which of the following is the BEST way for DEF to proceed?

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?

DEF Company receives several proposals for the manufacture of a sub-assembly used in an important product line. All of the responding suppliers indicate they plan to subcontract part of the work in order to meet high seasonal demand. Most of the proposed subcontractors are located in low-cost offshore locations. The supply manager is concerned that the subcontractors may not adhere to DEF's standards for fair labor practices.
Which of the following is the BEST way of ensuring that the suppliers' subcontractors maintain fair labor practices?

Which of the following BEST describes a single source supply strategy?

The procurement team for a construction firm is tasked with identifying a new supplier of small construction tools. The tools will be subject to heavy usage, and the firm wants the team to focus not only on costs but also service, to ensure the items can be repaired or replaced quickly. However, the firm does not want to invest in any specialized service, and the tools do not represent a strategic advantage to the firm. Based on this information, which of the following kinds of partnerships should the procurement team pursue with the supplier?

A machining company outsources its recycling program to a third party. The third party recycles the metals from the production area, but neglects to recycle the aluminum cans from the break room, as this stipulation was not included in the service-level agreement. This situation is MOST likely a result of the supply manager's failure to have an appropriate

An international company is conducting its annual review of its supply management processes to confirm compliance to corporate legal requirements. An external audit team plans to visit each location. Which of the following is the MOST important activity each supply management professional should perform in order to prepare for the audit?

A company purchases a high-value product In an industry known for slow turnover on receivables. This creates issues with cash flow and presents a special challenge to supply management. Given this situation, which of the following should this firm negotiate to BEST avoid difficulties in the buyer/supplier relationship?