Ism techtarget pass Using Core Exam Dumps by Noelle q126 vce pdf

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Exam Name:	Supply Management Core Exam
Exam Code:	CORE Dumps
Vendor:	ISM	Certification:	CPSM
Questions:	312 Q&A's	Shared By:	noelle

Question 56

Which of the following BEST describes the strategic sourcing process?

Options:

The issuing of materials according to a schedule or to a job at its start time

An analysis of the expected demand, supply market, and specific suppliers used by the organization

The solicitation and evaluation of bids and proposals to meet the organization's material needs

A series of actions to identify suppliers to provide needed products/services for the organization

Discussion

Question 57

A supplier manufactures toys of proprietary design for its customers. Since the company's customers are industry rivals, the supplier has mutual non-disclosure agreements with each of them. One of these customers has developed a new toy and put it out to bid. Before awarding the contract, the customer's procurement team conducts a site visit to the supplier's factory. During the tour, the supplier asks the procurement team to turn off and put away any cell phones that have cameras. Which of the following BEST describes why the supplier made this request?

Options:

To protect the finished goods of other customers

To protect the confidentiality of the manufacturing process

To protect the production schedules of the other customers

To protect the supplier's employee work practices

Discussion

Question 58

A supply manager for PQR, Inc. is negotiating a contract to purchase software. The software will streamline PQR's online purchasing process with a one-click buy function. The supply manager wants to ensure PQR's performance expectations are met and that the consequences of failure to perform are properly captured. In this situation, which of the following is MOST important for the supply manager to include in the contract?

Options:

Service-level agreements

Protective covenants

Warranties

Maintenance and support

Discussion

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Question 59

A chief executive officer (CEO) asks a supply manager to prepare a statement of work for a consultant to perform audit services. The consultant occasionally does other non-audit work for the company. In this situation, which of the following is the BEST course of action for the supply manager to take?

Options:

Recommend giving a presentation to the board of directors on the category strategy for consulting and professional services

Explain to the CEO the conflict of interest in contracting with an existing consultant as an auditor, and recommend alternative solutions

Prioritize execution of the statement of work, as it has likely been mandated by the board of directors

Review professional service rates for the audit services and verify they are competitive prior to executing the statement of work