| Exam Name: | Supply Management Core Exam | ||
| Exam Code: | CORE Dumps | ||
| Vendor: | ISM | Certification: | CPSM |
| Questions: | 312 Q&A's | Shared By: | mariam |
A firm’s primary goal for its upcoming raw material negotiations with a well-performing supplier is cost reduction. In order to achieve this, which of the following courses of action should supply management take?
A major supplier for JKL, Inc. has a production capacity of 100 units a month. For the last six months, however, the supplier's production rate has climbed to 105 units a month. JKL audits the
supplier and takes note of the higher production rate. In this situation, which of the following would MOST likely be of concern to JKL?
XYZ, Inc. currently has a transactional relationship with suppliers, but would like to work strategically with them. The firm wants to initially focus attention on the most critical suppliers. To do this, they should FIRST reach out to
Supplier X is awarded an exclusive contract by a resort chain to supply bulk peanuts for the chain's snack bars. A contract is signed with the term to begin in three months and extend for two years. Pricing per shipment is to be determined by the average monthly price for the previous month, less a fixed discount rate. Before any orders have been placed against this contract, the resort chain’s supply manager finds that other suppliers are offering deeper discounts. How, If at all, can the resort chain avoid its commitment to Supplier X and save money by buying elsewhere?
TESTED 30 Jan 2025
