QUESTION NO: 1
It takes an employee 30 minutes to produce the first unit of an item. If an 80% unit learning curve is in effect, what is the projected time required to produce the eighth unit?
It takes an employee 30 minutes to produce the first unit of an item. If an 80% unit learning curve is in effect, what is the projected time required to produce the eighth unit?
Correct Answer: A
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 2
For several years, an environmental services company has contracted on a single-source basis with a supplier that offers highly specialized testing procedures. The supplier's performance is excellent, but it has Instituted frequent rate increases. The company's supply manager is under pressure to reduce costs wherever possible, but developing other sources will be time-consuming. Given this situation, which of the following actions should the supply manager take FIRST?
For several years, an environmental services company has contracted on a single-source basis with a supplier that offers highly specialized testing procedures. The supplier's performance is excellent, but it has Instituted frequent rate increases. The company's supply manager is under pressure to reduce costs wherever possible, but developing other sources will be time-consuming. Given this situation, which of the following actions should the supply manager take FIRST?
Correct Answer: C
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 3
According to the Kraljic matrix, how should a product with high business impact and low supply market complexity be categorized?
According to the Kraljic matrix, how should a product with high business impact and low supply market complexity be categorized?
Correct Answer: C
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 4
A supply manager is planning a major sourcing event and wants to increase competition, especially by small and minority-owned businesses. The supply manager strives to maintain fairness with all suppliers. Which of the following is the BEST way to encourage diverse suppliers to participate?
A supply manager is planning a major sourcing event and wants to increase competition, especially by small and minority-owned businesses. The supply manager strives to maintain fairness with all suppliers. Which of the following is the BEST way to encourage diverse suppliers to participate?
Correct Answer: D
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 5
A sourcing manager is negotiating a contract with a human resources supplier that has access to employee data, including social security numbers. The supplier proposes an annual cap of $10,000 on overall liability. In this situation, which of the following is the MOST important stakeholder for the sourcing manager to consult in regard to this supplier?
A sourcing manager is negotiating a contract with a human resources supplier that has access to employee data, including social security numbers. The supplier proposes an annual cap of $10,000 on overall liability. In this situation, which of the following is the MOST important stakeholder for the sourcing manager to consult in regard to this supplier?
Correct Answer: C
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 6
A supply management department for a manufacturing organization receives performance reports from four suppliers and evaluates the performance of these suppliers using the weighted-point approach. Factors related to employee resources, such as worker safety and worker dignity, are used to break any ties. A higher score denotes a more favorable rating.
CategoryWeightSupplier A ScoreSupplier B ScoreSupplier C ScoreSupplier D Score Cost40%3454 Workers' compensation program20%5344 Support for employee resource groups20%5335 Customer satisfaction20%4444 Total100% Which of these suppliers can be considered the BEST performer of the four?
A supply management department for a manufacturing organization receives performance reports from four suppliers and evaluates the performance of these suppliers using the weighted-point approach. Factors related to employee resources, such as worker safety and worker dignity, are used to break any ties. A higher score denotes a more favorable rating.
CategoryWeightSupplier A ScoreSupplier B ScoreSupplier C ScoreSupplier D Score Cost40%3454 Workers' compensation program20%5344 Support for employee resource groups20%5335 Customer satisfaction20%4444 Total100% Which of these suppliers can be considered the BEST performer of the four?
Correct Answer: B
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 7
A supply manager for an electronics firm has been asked to source packaging for the company's new printed circuit board. The specifications recommend 0.50 mm tolerance, with a projected breakage ratio of 0.50% at a cost of $1.00 each. However, the manager is able to find an alternative source of packaging that is specified at
0.60 mm tolerance, with a projected breakage ratio of 0.75% at $0.80 ea.
If the cost of the new circuit board is $50 per unit, which packaging should the supply manager recommend, and why?
A supply manager for an electronics firm has been asked to source packaging for the company's new printed circuit board. The specifications recommend 0.50 mm tolerance, with a projected breakage ratio of 0.50% at a cost of $1.00 each. However, the manager is able to find an alternative source of packaging that is specified at
0.60 mm tolerance, with a projected breakage ratio of 0.75% at $0.80 ea.
If the cost of the new circuit board is $50 per unit, which packaging should the supply manager recommend, and why?
Correct Answer: A
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 8
The chief executive officer (CEO) of a candy company directs the firm to source, produce and market a line of organic clothing. The firm's internal stakeholders are not in agreement with the CEO. In this situation, which of the following courses of action should supply management take?
The chief executive officer (CEO) of a candy company directs the firm to source, produce and market a line of organic clothing. The firm's internal stakeholders are not in agreement with the CEO. In this situation, which of the following courses of action should supply management take?
Correct Answer: B
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 9
Which of the following is a factor to be considered in a Total Cost of Ownership analysis for fleet automobiles?
Which of the following is a factor to be considered in a Total Cost of Ownership analysis for fleet automobiles?
Correct Answer: D
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 10
Which of the following is the PRIMARY reason for holding a business review with a supplier?
Which of the following is the PRIMARY reason for holding a business review with a supplier?
Correct Answer: D
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 11
Which of the following are considered internal stakeholders?
Which of the following are considered internal stakeholders?
Correct Answer: A
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).
QUESTION NO: 12
DEF, Inc. wants to ensure adequate material supply for an emerging product with high quality specifications for the raw materials. Given this situation, which of the following would be the BEST course of action for DEF to take?
DEF, Inc. wants to ensure adequate material supply for an emerging product with high quality specifications for the raw materials. Given this situation, which of the following would be the BEST course of action for DEF to take?
Correct Answer: C
Vote an answer
Explanation: Only visible for Actual4test members. You can sign-up / login (it's free).