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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 director of supply management is tasked with determining where savings can be found in indirect cost categories. If needed, the company will consider hiring additional staff to negotiate and administer contracts. Which of the following is the FIRST step the supply manager should take?

Options:

A.

Assess skills already available in supply management

B.

Identify a cross-functional team to brainstorm solutions

C.

Develop a new supplier relationship model

D.

Establish a baseline using current spend data

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Question 2

A supply manager submits requests for additional personnel and equipment, which are approved. However, the organization's training budget is cut, giving less opportunity to train new employees. The supply manager is concerned that this will adversely affect the department's ability to build expertise. Given this situation, which of the following is the MOST effective action for the supply manager to take?

Options:

A.

Present justification showing how training supports cost reduction goals

B.

Utilize available training funds early in the year to gain maximum impact

C.

Fill fewer positions than approved and re-direct savings to training

D.

Seek highly-qualified applicants who will require less training

Question 3

A university is evaluating its student registration software. The current system, purchased from Supplier A, has been in place for five years and works well, but may be outdated. A new system provided by Supplier B includes an online chat feature, which Supplier A's system currently does not have. While the costs for the two systems are essentially the same, Supplier B's system has an additional one-time implementation cost of $250,000. Supplier A informs the university It will provide its own online chat option for a one-time fee of $50,000.

The university calculates that switching to any new platform will involve migration costs. In this situation, the BEST course of action for the university is to

Options:

A.

negotiate with Supplier A to have the new platform implemented under $50,000

B.

continue with Supplier A, as the migration costs will be too high

C.

conduct an RFx stating new requirements, and add the migration costs to the evaluation criteria

D.

request Supplier A provide a single source justification, and implement the change by paying $50,000