Ism spoto sure Pass Exam Core Pdf by Aarav 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:	aarav

Question 16

The chief procurement officer (CPO) for a large hospital system is planning to implement a new e-sourcing system. Satellite clinics and specialty centers will be authorized to process small orders through this system, rather than sending requests to the central supply management department, as has been done in the past. Which of the following actions by the CPO will MOST likely support a successful implementation of this system?

Options:

Providing regular progress reports to top management

Visiting similar organizations to see how their systems operate

Building a team of potential users to help define needs

Scheduling on-site demonstrations of leading software systems

Discussion

Question 17

Items of low value and complexity are typically categorized as which of the following

Options:

Tactical

Leverage

Strategic

Critical

Discussion

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Question 18

Which of the following is the FIRST step in developing a negotiation plan?

Options:

Engage with the internal customer and other internal stakeholders to identify their needs and wants, as well as educate them as to how supply management can add value in the negotiation process

Engage in an analysis of the organization's risk tolerance, and review the key suppliers' capabilities, financials and legal and regulatory compliance, as well as the risks of supply chain disruption

Review the organization's logistics category strategy by analyzing anticipated spend, how the renewal will affect purchasing leverage with other suppliers, and the current characteristics of the supply market

Identify the most advantageous payment terms for the renewal through an analysis of buyer and seller cash flow considerations, early payment discount opportunities and potential third-party financing options

Discussion

Question 19

A director of supply management is tasked with determining where savings can be found in indirect cost categories. If needed, the company will consider hiring additional staff to negotiate and administer contracts. Which of the following is the FIRST step the supply manager should take?

Options:

Assess skills already available in supply management

Identify a cross-functional team to brainstorm solutions

Develop a new supplier relationship model

Establish a baseline using current spend data