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Supply Management Core Exam

Last Update Jul 26, 2024
Total Questions : 312 With Comprehensive Analysis

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Supply Management Core Exam Questions and Answers

Questions 1

A company has recently moved to outsourcing and low-cost country sourcing for two key product lines, and the supply manager has seen some of the cost savings erode as the supply chain and related distances increase. However, the supply manager is certain that by working with the new supply base, many of the savings previously earned could be regained, especially since raw material lead times have actually decreased in the marketplace, and cycle time in most offshore assembly plants has been reduced by 35%. Which of the following should be employed?

Options:

A.

Value chain analysis

B.

Supplier alliance development

C.

Supplier mentorship

D.

Multi-tier purchase agreements

Questions 2

A supply manager Is seeking potential suppliers to recreate a now obsolete custom component. The supply manager identifies five suppliers who have the technology to manufacture the part. The supply manager wants to understand the capability of these suppliers prior to bidding. Which of the following should the supply manager use in this instance?

Options:

A.

Collaborative optimization

B.

E-Design

C.

E-RFx

D.

E-Sourcing

Questions 3

A buying firm receives samples from a supplier. The samples pass endurance testing, and a production batch is ordered and received. Soon after, it is found that the production parts break much sooner than the samples did. The supplier claims the life requirements of the parts are not stated in the warranty clause of the contract and thus denies liability.

Which of the following is TRUE in this situation?

Options:

A.

Express warranties only apply to products inspected immediately upon receipt, and thus the buyer is not protected.

B.

Express warranties are only specific assurances documented by the seller, and if quality is not documented, the buyer is not protected.

C.

If the life expectancy of the product is not clearly defined in the product specifications, there Is no protection.

D.

Express warranties may be in the form of a sample, and therefore the buyer is protected.

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