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 CORE Dumps with Practice Exam Questions Answers

Questions: 180 questions

Last Update: Jun 19, 2024

CORE Question Includes: Single Choice Questions: 180,

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CORE Questions and Answers

Question # 1

MNO, Inc. purchases benchmarking data services from Supplier X, which is the sole source for data relevant to MNO's industry. In recent months, Supplier X's pricing has increased and its technical support has worsened. MNO's supply manager is preparing to negotiate for contract renewal with Supplier X and needs to resolve these concerns. Which of the following is the BEST course action for the supply manager to take before conducting negotiations?


Determine whether data can be collected from other sources, to bring the services in-house


Compare Supplier X's rates against similar services to establish reasonable costs


Develop win-win scenarios to add long-term value in a collaborative relationship


Revise the Service Level Agreement (SLA) with Supplier X, with penalties for non-performance

Question # 2

At what point in the development of a category strategy should spend review occur?


After key internal stakeholders agree on sourcing priorities


After development of the sourcing team


After presentation of the strategy to senior management


During validation of the savings or contribution

Question # 3

Which of the following will be MOST useful for gathering market intelligence and data on the general capabilities of potential suppliers?


Request for information (RFI)


Statement of work (SOW)


Request for proposal (RFP)


Price quotes

Question # 4

An operations manager wants to replace the existing fleet of aging vehicles owned by the company. The operations manager presents the supply manager with a list denoting the quantity, makes and models currently in operation:


Brand A - 4X4 SUVs15

Brand B - Midsize Cars5

Brand C - Compact Cars45

Which of the following is the BEST course of action for the supply manager to take?


Request quotations for the listed quantities of vehicles, using generic specifications and performance requirements


Request quotations for the listed makes and models of vehicles, with forecasted quantities to meet current and future needs


Request quotations using generic specifications and performance requirements, with forecasted quantities to meet current and future needs


Request quotations for the makes, models and quantities of vehicles specified on the list

Question # 5

Which of the following refers to a method of formally evaluating suppliers, conducting site visits, and providing supplier training?


Supplier development


Supplier partnership


Supply chain management


Early supplier Involvement