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New Release CORE CPSM Questions

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Question 44

Due to growth, a private school system finds that its costs for support, including maintenance and janitorial services, have increased dramatically. Though supply management generally does a good job in managing service contracts, there Is no strategic plan or systematic method for reviewing costs on a long-term basis.

The school's board has made the development of a strategic plan the supply manager's priority assignment for the next school year. Given this situation, which of the following should be the supply manager's FIRST step in developing this plan?

Options:

A.

Determine how supply management can minimize costs and reduce risks

B.

Create specific goals and objectives for addressing changes in how support services are to be managed

C.

Meet with the board chair to discuss organization-level strategies impacted by support services

D.

Identify opportunities to make specific changes In the purchasing and contracting processes

Question 45

During negotiations with a supply manager from FGH Inc., a supplier states that if FGH buys the 200 gigabyte version of its software package at a price of $700, the supplier will include a never-before-sold malware license valued at $147. FGH needs both the malware and the software package. If the supply manager agrees to the offer, FGH may claim a

Options:

A.

cost savings

B.

cost variance

C.

cost avoidance

D.

cost reduction

Question 46

Which of the following are considered internal stakeholders?

Options:

A.

Logistics providers

B.

Members of executive management

C.

Community members

D.

Trade unions

Question 47

A multi-divisional corporation seeks to leverage its overall spend by creating a consolidated supply base of preferred suppliers offering the most competitive costs and services. Though stakeholders Involved in the planning process seem to support leveraging efforts, the actual results have been disappointing, as the divisions continue to buy from past suppliers rather than from the preferred suppliers. In which of the following ways can supply management BEST improve the rate of buying through the preferred suppliers?

Options:

A.

Improve access to information about preferred suppliers via the corporate intranet

B.

Establish a mentoring program, matching staff members from top performing locations with their counterparts at less successful locations

C.

Recommend changes in the composition of the steering committee

D.

Obtain endorsement from top management for adding compliance to all divisions' goals and performance criteria

Page: 11 / 23
Exam Code: CORE
Exam Name: Supply Management Core Exam
Last Update: Sep 7, 2024
Questions: 312
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