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CPSM Supply Management Core Exam

Supply Management Core Exam

Last Update Jul 18, 2024
Total Questions : 312

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Questions 4

JKL, Inc. outsources its event services for large group training sessions and annual meetings. The contract requires the supplier to report program metrics, including cost savings. The savings method employed compares the hotel’s initial bid to the final negotiated price. The first report shows significant hard savings on the average nightly rate for hotel rooms. JKL's category manager would like to claim the hard savings. Which of the following BEST describes why the finance department should deny this request?

Options:

A.  

Unless there is a year-over-year reduction, the savings is cost avoidance.

B.  

Savings from outsourcing are subject to a higher level of governance.

C.  

Further data is required from the supplier to sufficiently support the savings.

D.  

Unless there is a year-over-year reduction, the savings is cost containment.

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Questions 5

MNO, Inc. purchases benchmarking data services from Supplier X, which is the sole source for data relevant to MNO's industry. In recent months, Supplier X's pricing has increased and its technical support has worsened. MNO's supply manager is preparing to negotiate for contract renewal with Supplier X and needs to resolve these concerns. Which of the following is the BEST course action for the supply manager to take before conducting negotiations?

Options:

A.  

Determine whether data can be collected from other sources, to bring the services in-house

B.  

Compare Supplier X's rates against similar services to establish reasonable costs

C.  

Develop win-win scenarios to add long-term value in a collaborative relationship

D.  

Revise the Service Level Agreement (SLA) with Supplier X, with penalties for non-performance

Discussion 0
Questions 6

A large manufacturing firm has offices across the country. The company wants to obtain the best price and reduce administrative costs associated with procuring office supplies. Which of the following would be BEST suited to the firm's needs?

Options:

A.  

Blanket agreement

B.  

Indefinite delivery contract

C.  

Master purchasing agreement

D.  

Manufacturing resource planning

Discussion 0
Questions 7

In portfolio analysis, purchases for which the buying organization consolidates spend with a handful of suppliers but still maintains competition are BEST classified as

Options:

A.  

bottleneck

B.  

routine

C.  

strategic

D.  

leverage

Discussion 0
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