Question 1

A retail chain is looking to gain a competitive edge in the market. The firm wants to allow visibility throughout the company and enhance supply performance regarding demand forecasting, inventory management, and transportation. In this situation, which of following will be MOST effective?

Options :

A : Internal collaboration

B : E-Systems integration

C : Performance monitoring

D : Value chain and supply mapping

Answer: B

Question 2

Which of the following requires a working knowledge of payback and net present value?

Options :

A : Indirect (MRO) budget

B : Direct materials and services budget

C : Purchasing and supply operating budget

D : Capital expenditures budget

Answer: D

Question 3

A supply manager recently graduated from college is hired by a manufacturing organization as a buyer of industrial chemicals. The new supply manager has limited knowledge of chemicals and the marketplace. In this situation, which of the following is the FIRST step the supply manager should take?

Options :

A : Investigate the organization-s business intelligence systems in order learn about competitors

B : Refer to social media to gain an understanding of the marketplace

C : Attend the annual conference of the provider of the organization’s supply management system

D : Meet with suppliers to learn the marketplace, trends and best practices within the industry

Answer: D

Question 4

Jones is a highly motivated leader who exceeds all standards for excellence. However, Jones has also been criticized for micro-managing employees, taking over tasks, giving employees little feedback or direction, and cutting comers during busy periods in order to meet production goals. Jones is MOST likely which of the following types of leaders?

Options :

A : Affiliation-oriented

B : Achievement-oriented

C : Personalized power-oriented

D : Socialized power-oriented

Answer: B

Question 5

A U.S. company wants to expand its business and market to the government. This will requiregovernment approval of a small business plan, encompassing proposed spend with several categories of small businesses. The firm’s supply manager has been asked to investigate the requirements to comply with this new market. Which of the following is the BEST course of action for the supply manager to take in this situation?

Options :

A : Contact the National Bureau of Labor Standards

B : Contact the Library of Congress and use one of its small business lists

C : Benchmark the best practices of several leading competitors

D : Review Federal Acquisition Regulations Part 19

Answer: D