Ism dumpspedia last Attempt Core Questions by Hashir q144 vce pdf

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Exam Name:	Supply Management Core Exam
Exam Code:	CORE Dumps
Vendor:	ISM	Certification:	CPSM
Questions:	312 Q&A's	Shared By:	hashir

Question 24

A firm currently pays $14 per unit for a part used in manufacturing. In an effort to lower costs, the firm invites potential suppliers to participate in an online auction. Suppliers complete a pre-qualification phase before the auction begins. The auction starts with an opening bid of $9 per unit. The auction lasts four hours and no suppliers submit bids. Which of the following is the MOST likely reason for the lack of participation in this auction?

Options:

The specifications favor a particular supplier

The pre-qualification process was flawed

The reserve price was set too low

The suppliers lack experience with reverse auctions

Discussion

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Question 25

DEF Inc. receives several batches of inferior quality products from a supplier. Although all of the samples provided by this supplier met or exceeded specifications, it is learned that the facility used to produce the samples is in a different location than the regular production facility, and that the production environment could affect quality.

DEF could have prevented this situation by doing which of the following?

Options:

Requesting and testing samples from all possible supplier manufacturing locations

Requesting larger samples from the supplier prior to going into production

Requiring the supplier to provide assurance that its products will meet the required specifications

Placing stricter quality controls in the receiving dock to prevent defective products from being accepted into inventory

Discussion

Question 26

Which of the following is the PRIMARY reason an organization's executive team and internal stakeholders should be aligned on the definitions of cost savings reporting?

Options:

To ensure financial professionals can audit the cost savings reporting process

To ensure price baselines can be adjusted for comparison purposes overtime

To ensure appropriate risk management strategies are being adopted

To ensure supply management is adding value

Discussion

Question 27

CDE Inc. is a metal casting manufacturer that uses a supplier performance scorecard to measure key performance indicators (KPIs) across the business. CDE's supply manager wants Supplier Y to improve on a number of the measured KPIs. Which of the following is the BEST approach for the supply manager to take in order to achieve this objective?

Options:

Require the supplier to submit a written plan for how it plans to improve the KPI scores, and require management approval for the plan

Conduct a plant visit at the supplier's location and look for ways to improve processes so that the supplier can meet CDE's standards

Give the supplier a one-year timeline to improve scores on the KPIs and inform it that any new business will be put on hold if no progress is made

Require the supplier to submit a written plan on how it will improve in each underperforming KPI, and monitor the supplier's progress