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Supply Management Integration

Last Update Jul 23, 2024
Total Questions : 167 With Comprehensive Analysis

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Last Update Jul 23, 2024
Total Questions : 167 With Comprehensive Analysis

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Total Questions : 167

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Supply Management Integration Questions and Answers

Questions 1

Which of the following is the MOST important reason for establishing and maintaining a supplier quality certification program?



Quality champions from both the buyer and seller will have better opportunities to communicate.


Supplier payments should be closely tied to maintaining quality standards.


A supplier quality certification program is necessary for the development of a supplier scorecard.


Certification programs keep suppliers focused on quality elements important to the customer.

Questions 2

Which of the following refers to an agreement between a buyer and supplier in which vendor-owned inventory is stored on the buyer's floor until it is used in production?










Questions 3

A supply manager is seeking to align the procurement function with the organization's business strategy and growth potential. Which of the following is the BEST initial course of action to take in this instance7



Schedule a meeting with each functional area to learn about their procurement requirements


Consult with accounting to obtain information on the financial relationships with each current supplier


Develop a recommendation on procurement activities and the necessary interactions with external stakeholders


Review current procurement activities and assess if they are strategic or tactical and how they contribute value