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Supply Management Integration

Last Update Jul 12, 2024
Total Questions : 167 With Comprehensive Analysis

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Supply Management Integration Questions and Answers

Questions 1

A supply manager is seeking to align the procurement function with the organization's business strategy and growth potential. Which of the following is the BEST initial course of action to take in this instance7

Options:

A.

Schedule a meeting with each functional area to learn about their procurement requirements

B.

Consult with accounting to obtain information on the financial relationships with each current supplier

C.

Develop a recommendation on procurement activities and the necessary interactions with external stakeholders

D.

Review current procurement activities and assess if they are strategic or tactical and how they contribute value

Questions 2

A firm is looking to expand to a larger warehouse. Which of the following should be given the GREATEST consideration when determining the new warehouse's environmental impact?

Options:

A.

The building's total carbon footprint

B.

The efficiency of the warehouse's air conditioning unit

C.

The cost of replacing single pane windows

D.

The cost of changing light bulbs to LED lights

Questions 3

A chemical supply company creates a new liquid chemical product which must be shipped by tanker truck. The new chemical is expected to constitute 10% of the firm’s sales over the next five years. The company's other sales are all solid powder chemicals. Given these circumstances, which of the following will be the MOST cost effective method for the company to ship the new product’

Options:

A.

Purchase a fleet of tanker trucks at a discounted price

B.

Purchase a single tanker truck initially, buying more trucks as sales increase

C.

Market only to customers who will pay for their own transportation

D.

Engage a 3PL liquid transport company provider