INTE RELEVANT EXAM DUMPS & VALID INTE TORRENT

INTE Relevant Exam Dumps & Valid INTE Torrent

INTE Relevant Exam Dumps & Valid INTE Torrent

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INTE Relevant Exam Dumps | High-quality INTE: Supply Management Integration

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ISM Supply Management Integration Sample Questions (Q35-Q40):

NEW QUESTION # 35
A company finds that delays and cost overruns are creating problems in its service contracts. To improve this situation, which of the following should the firm do FIRST?

  • A. Establish progress milestones and monitoring for existing contracts
  • B. Renegotiate pricing with current service suppliers
  • C. Convert cost reimbursable contracts into fixed prices
  • D. Revise the company's standard contract template for all of its services

Answer: A

Explanation:
Establishing progress milestones and monitoring allows the company to track performance and address issues promptly, reducing delays and cost overruns. It provides clear checkpoints and accountability in service contracts. References: Effective contract management involves setting measurable milestones to ensure timely and cost-effective project completion.


NEW QUESTION # 36
RST, Inc. is an electronics manufacturer. The profit margins for a major product developed by RST are falling.
Accordingly, the firm asks the supply manager to identify ways to reduce the product's costs. The product includes a high-tech, high-cost component for which only one source is able to meet quality standards. Which of the following is the BEST way the supply manager can achieve cost reductions from this supplier?

  • A. Revise order quantities based on updated sales forecasts
  • B. Renegotiate with the supplier, citing changes in marketplace
  • C. Conduct a should-cost analysis
  • D. Recommend reengineering or revising specifications

Answer: C

Explanation:
A should-cost analysis helps understand the component's cost structure and identify potential cost-saving opportunities. This method provides a basis for negotiations and ensures that the supplier's pricing is fair, fostering transparency and cost management.


NEW QUESTION # 37
A firm has a 50% chance of receiving its daily purchases of fresh bread from a supplier in the event a regional flooding incident. The supply manager approaches two suppliers in geographic locations less likely to be disrupted by the event, and both agree to be ad-hoc suppliers. Their likelihoods of supplying in the event of the flood incident are 75% and 80% respectively. If the flooding event occurs, purchases would be sought from all three companies. Based on this information, what is the probability of the firm being supplied fresh bread during a major regional flooding event'

  • A. 80%
  • B. 70%
  • C. 99.5%
  • D. 97.5%

Answer: C

Explanation:
The probability of receiving supplies from at least one supplier is calculated by considering the complementary probabilities of not receiving from each. The formula used is 1 - (1 - 0.5) × (1 - 0.75) × (1 -
0.8), resulting in a 99.5% probability of supply during the event.


NEW QUESTION # 38
A supply manager for JKL, Inc. is negotiating a contract with a supplier of a component. The component will be used in a new product JKL Is manufacturing and plans to bring to market early next year. Which of the following will be the MOST important provision for the supply manager to negotiate for?

  • A. Ownership of the molds and dies used to manufacture the component
  • B. A sustainable packaging solution with recyclable transport crating
  • C. A low minimum order quantity that allows flexibility to buy additional materials
  • D. A fixed cost of raw materials that will remain stable over the following year

Answer: C

Explanation:
In negotiating contracts for new products, flexibility is crucial, especially when dealing with un-certainties in demand and production schedules. A low minimum order quantity (MOQ) provides JKL, Inc. with the ability to order smaller amounts of materials as needed, reducing inventory holding costs and the risk of overstocking.
This flexibility can be particularly important during the initial stages of product introduction when demand forecasts may be less certain. Ensuring a low MOQ can also facilitate better cash flow management and reduce the potential for waste. Refer-ences:
*Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2015). Purchasing and Supply Chain Management. Cengage Learning.
*Burt, D. N., Petcavage, S. D., & Pinkerton, R. L. (2010). Supply Management. McGraw-Hill Education.


NEW QUESTION # 39
A company that manufactures rubber balls wishes to discontinue production and move into the golf ball industry. Consider the following steps in the disposition of the current inventory of rubber balls:
I. Dispose of the rubber balls per local regulations
II. Sell the rubber balls on the open market
III. Grind up the rubber balls and donate the material for a playground in the community IV. Work with engineering to determine if the rubber can be used in the new golf ball line In order to maximize recovery of its investment, which of the following is the BEST order for the application of these steps (from first to last)?

  • A. II, IV, I, III
  • B. IV, I, II, III
  • C. II, I, II, IV
  • D. I, III, II

Answer: A

Explanation:
The best order maximizes recovery by first selling the rubber balls, exploring alternative uses of the material, complying with disposal regulations, and donating the residual material. This approach considers potential revenue, sustainability, and community support. Reference: Bowersox, D. J., Closs, D. J., & Cooper, M. B.
(2013). Supply Chain Logistics Management.


NEW QUESTION # 40
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