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| Section | Weight | Objectives |
|---|---|---|
| Supply Management Core | 35% | - Category Management - Supplier Relationship Management - Negotiation - Financial Analysis - Cost & Price Analysis - Legal & Contractual Aspects - Sourcing |
| Leadership and Transformation | 30% | - Risk & Compliance - Organizational Leadership - Corporate Social Responsibility - Technology & Systems - Stakeholder Engagement - Strategy Development |
| Supply Management Integration | 35% | - Demand & Forecasting Planning - Project Management - Supply Chain Strategy - Quality Management - Logistics & Materials Management - Product & Service Development |
1. Supply management professional uses a variety of methods and tools to automate the management of inventory and as replenishment tools. Which of the following is a supplier managed inventory?
A) System that holds a supplier responsible for ensuring stock is maintained at the purchasers facility.
B) A system where an inventory is reviewed at periodic intervals.
C) A system where an order is placed whenever a predetermined level is reached.
D) A system in which the buyer sends an automated request when supply is low.
2. A decision to invest in too little tooling and capacity can take a long time to correct. What is the main result of poor decisions regarding tooling?
A) Increased labor costs
B) Increased logistical costs
C) High opportunity cost
D) Increased warehouse overhead
3. The individual situated in a company to help shape, reinforce, and support safety values is the?
A) Operations manager of the organization.
B) CEO of the organization.
C) The Safety officer of the organization.
D) The Supply management professional
4. Using process mapping to analyze warehouse costs if an Input (X) is a spend analysis and a commodity is identified then the most likely Output (Y) would be?
A) Accepting quotes for a supply management purchase.
B) The commodity sourcing plan
C) Determination of total cost of ownership (TCO).
D) Determining customer service levels and satisfaction.
5. The international Commercial Terms (Incoterms) are used for?
A) Commercial terms used in international commerce, developed by the International Chamber of
Commerce (ICC).
B) Tariff determination used in international commerce, developed by the International Chamber of
Commerce (ICC).
C) Supplier international negotiations used in international commerce, developed by the International
Chamber of Commerce (ICC).
D) Contracting used in international commerce, developed by the International Chamber of Commerce
(ICC).
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: D |
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