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| Section | Objectives |
|---|---|
| Topic 1: Leadership and Business Acumen | - Risk management and decision-making - Leadership in supply management - Financial and business analysis |
| Topic 2: Compliance and Performance Management | - Supplier performance measurement - Continuous improvement practices - Ethics and compliance in procurement |
| Topic 3: Sourcing and Category Strategy | - Strategic sourcing processes - Supplier evaluation and selection - Contracting and negotiation strategies |
| Topic 4: Supply Management Core Knowledge | - Procurement and sourcing fundamentals - Category management principles - Supply chain integration and operations |
1. In order to effectively represent supply management in the organization the supply management professional must understand organizational capabilities, customer requirements, corporate processes, influence and what?
A) Political climate in operations.
B) Management's objectives.
C) Supply management capabilities.
D) Internal negotiations and synergies.
2. Using process mapping to analyze warehouse costs if an Input (X) is a spend analysis and a commodity is identified then the most likely Output (Y) would be?
A) Determining customer service levels and satisfaction.
B) Determination of total cost of ownership (TCO).
C) The commodity sourcing plan
D) Accepting quotes for a supply management purchase.
3. Which of the following is NOT an objective of regression analysis?
A) Determine mathematical errors
B) Determine the degree of accuracy in prediction of a regression equation
C) Determine a relationship between two variables
D) Determine the nature of the relationship
4. Timing and communication are very important in the implementation phase or rollout plan. Which of the following defines what should be performed on the timeline based on attributes of the spend category?
A) Key tasks
B) Primary person responsible (PPR)
C) Milestones
D) Resource requirements
5. In a risk analysis the BEST definition of the strategic category is?
A) Both risks and benefits are high and there is a high level of impact on organizational success.
B) The risk is low but potential benefits are high and there is a low level of supply market complexity.
C) The risk is high and potential benefits are low. This category may contain unique items.
D) Both the risk and potential benefits are low and there is low potential for impact on the organizational success.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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