Assess the CertsIQ’s updated CORE exam questions for free online practice of your Supply Management Core test. Our Core dumps questions will enhance your chances of passing the CPSM certification exam with higher marks.
At what point in the development of a category strategy should spend review occur?
A company's major supplier of sub-assemblies provides excellent quality and reasonable costs. However,
shipping delays and damage in transit make this supplier less reliable than desired. The supply manager would
like to retain this supplier if possible, but is concerned about the reliability issues. Given this situation, which
of the following is the BEST course of action for the supply manager to take?
A machining company outsources its recycling program to a third party. The third party recycles the metals
from the production area, but neglects to recycle the aluminum cans from the break room, as this stipulation
was not included in the service-level agreement. This situation is MOST likely a result of the supply manager's
failure to have an appropriate
A firm enters into a contract with a minority business. The invoice does not match the purchase order, and
some incorrect items are shipped. The erroneous items, valued at $5,000, are returned. The replacement items
are scheduled to be delivered within 2 days. The total invoice is for $18,000, which is a substantial amount for
the business. Preferential payment terms have previously been negotiated from 30 to 14 days from receipt of
goods, as cash flow is a significant issue. The situation is summarized as follows:
Purchase Order RaisedGoods Received Invoiced
Timing18 days ago 13 days ago 12 days ago
Amount$18,000 $18,000 $18,000
As it will take one business day to process payment, a decision needs to be made on whether the supplier
should receive payment on time. Which of the following courses of action should the supply manager take?
A procurement specialist reviews a report from a financial agency about a potential supplier. The report
reveals that the supplier had a lien against some of its assets a few years ago, that the supplier has had several
delayed payments over the last few months, and that the supplier's debt-to-equity ratio equals 2.0. Which of
the following is the BEST course of action for the procurement specialist to take?
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