Question 1

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 2

A supply manager for JKL, Inc. has been asked to develop a risk management plan for suppliers. The supply manager has identified the sources of risk and the probability of occurrence. In order to develop a risk management process, the supply manager should NEXT

Options :

A : execute the risk management strategy

B : allocate resources to address the risk

C : develop a risk profile

D : estimate the likely impact of the risk

Answer: D

Question 3

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

Question 4

A firm's human resources (HR) department would like to expand a successful training program butdoes not have funding to do so. The firm's supply manager believes that strategic sourcing of other HR spend categories can reduce costs to provide funding for the training program. Which of the following influencing tactics should the supply manager use FIRST in order to convince HR to employ strategic sourcing?

Options :

A : Liking

B : Cooperation

C : Logic

D : Emotion

Answer: C

Question 5

Which of the following is the FIRST step that a supply manager should take to ensure proper social responsibility in the management of regulated materials?

Options :

A : Embed contract language with criteria to handle disposal of regulated materials

B : Determine the relevant regulatory agency criteria to follow

C : Select only certified suppliers for sourcing events

D : Implement a proactive approach when considering regulated materials

Answer: B

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