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Supply Management Core Exam

Last Update Jun 11, 2024
Total Questions : 180

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Supply Management Core Exam Questions and Answers

Questions 1

At what point in a business relationship with a supplier should discussions be held about which party has responsibility for specific costs, in the event the relationship needs to end?

Options:

A.

At any point in the relationship

B.

At no point in the relationship

C.

When the relationship needs to end

D.

In the beginning of the relationship

Questions 2

A state university is looking to purchase equipment to scan books and manuscripts into a digital format. Several variations of this equipment exist in the marketplace, and the university has not decided which format is best for their needs. There is also a possibility that the cost for additional storage requirements will be shared with the state. Given this situation, which of the following is the FIRST course of action the university should take?

Options:

A.

Issue a Request for Information (RFI)

B.

Negotiate an agreement with the state government to share storage costs

C.

Issue a Request for Proposal (RFP)

D.

Conduct a joint suppliers' conference with the state government

Questions 3

PQR, Inc. is a small manufacturing firm that is rebuilding its customer base after emerging from bankruptcy. PQR now projects growing demand for its products. PQR's supply manager is planning negotiations with a key supplier that has worked well with the firm in the past. Which of the following is the STRONGEST factor the supply manager can use to improve PQR's negotiating position?

Options:

A.

There is considerable competition among suppliers.

B.

Delivery schedules can be more flexible than in the past.

C.

PQR has a reputation for innovation in its industry.

D.

PQR wants to enhance long-term supplier relationships.