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CORE Exam Dumps : Supply Management Core Exam

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Supply Management Core Exam Questions and Answers

Question 1

A supply manager wants to develop a strategy to facilitate supplier Innovation. Which of the following is MOST likely to achieve this goal?

Options:

A.

Locating new suppliers that lead their industry

B.

Recognizing current suppliers for innovative performance

C.

Leveraging innovations from one supplier to improve all other suppliers

D.

Awarding contracts only to the most innovative companies

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Question 2

A supplier's willingness to deal with rejected materials, fill surges in orders, and provide technical support will be MOST affected by which of the following?

Options:

A.

Creating teaming agreements with suppliers

B.

Negotiating Inclusive terms and conditions

C.

Maintaining good supplier relationships

D.

Including such conditions in the statement of work

Question 3

A US-based manufacturing firm receives a quoted price for an item from an offshore supplier of $.40 each (in US dollars), delivered duty paid to its US plant per Incoterms® 2020 rules, in minimum quantities of 20,000 units. The buying organization uses 80,000 units per year, and the carrying cost is 25%. The item price is fixed for one year. What are the total costs of purchasing annual requirements from this supplier?

Options:

A.

$36,000

B.

$33,000

C.

$32,000

D.

$40,000