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ISM CORe Exam Overview:

Certification Vendor:Institute for Supply Management (ISM)
Exam Name:Supply Management Core Exam
Exam Number:CORE
Passing Score:400 (scaled 100-600)
Exam Price:$495 (ISM Member), $795 (Non-Member)
Exam Format:Multiple-choice, Computer-based
Available Languages:English, Korean, Simplified Chinese
Exam Duration:180 minutes
Related Certifications:Leadership and Transformation in Supply Management
Supply Management Integration
CPSD
Certificate Validity Period:4 years (exam score); APSM valid 5 years
Real Exam Qty:180 (165 scored, 15 unscored)
Recommended Training:ISM Study Materials
ISM Guided Learning
Exam Registration:ISM Official Registration
Pearson VUE Scheduling
Sample Questions:ISM CORe Sample Questions
Exam Way:In-person at Pearson VUE test centers / Online proctored
Pre Condition:None for exam registration; for CPSM: 3 years professional experience + bachelor's degree OR 5 years experience without degree
Official Syllabus URL:https://www.ismworld.org/71701043-supply-management-core-exam-3rd-ed/

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Die HBX -Kernabschlussprüfung besteht aus drei Abschnitten, die jeweils einen anderen Aspekt der geschäftlichen Grundlagen abdecken. Der erste Abschnitt ist eine Finanzbuchhaltung, die sich auf das Verständnis von Abschlüssen und die Grundsätze der Buchhaltung konzentriert. Der zweite Abschnitt ist Business Analytics, die die Grundlagen der Statistik- und Datenanalyse abdeckt. Der dritte und letzte Abschnitt ist Ökonomie für Manager, der einen Überblick über die Mikro- und Makroökonomie sowie die Beziehung zu Geschäftsentscheidungen bietet.

ISM Supply Management Core Exam CORe Prüfungsfragen mit Lösungen (Q254-Q259):

254. Frage
MNO, Inc. has been one of XYZ Company's most valuable customers for a number of years. During a formal competitive bid event for a new product introduction, MNO becomes a supplier to XYZ. In this situation, which of the following should be of GREATEST concern to these organizations?

Antwort: A

Begründung:
* Sales Representative's Promise: The sales representative from XYZ Company provided documentation that the product would meet or exceed ABC's specifications.
* Express Warranty: An express warranty is created when a seller makes a promise or provides assurance that a product will meet certain standards or specifications.
* Non-Conforming Goods: Upon inspection, the product did not meet the required specifications and could not be used for its intended purpose.
* Buyer's Rights: Under the Uniform Commercial Code (UCC) and similar laws, the buyer has the right to return non-conforming goods and seek a full refund when an express warranty has been breached.
* Conclusion: ABC is entitled to return the product and receive a full refund due to the breach of the express warranty.
References
* UCC (Uniform Commercial Code). (n.d.). Article 2 - Sales.
* ISM. (n.d.). Managing Warranties and Product Non-Conformance.


255. Frage
GHI, Inc. manufactures and sells high-end headphones. Each pair of headphones is packaged with a kit of customizable parts. GHI sources these customizable parts from a specialty supplier. Recently, GHI received a shipment of the parts from the supplier, and although the materials arrived on time, they were not bagged and labeled individually as the contract requires, but rather arrived in bulk.
GHI needs the parts as soon as possible to complete its holiday orders. Given this situation, which of the following is the BEST course of action for GHI's supply manager to take?

Antwort: D

Begründung:
* Immediate Need: GHI requires the parts as soon as possible to complete holiday orders.
* Supplier Error: The parts arrived in bulk rather than individually packaged and labeled as required.
* Optimal Solution: Negotiating with the supplier to properly package the parts and cover the associated costs ensures that GHI can use the parts quickly without additional delays.
* Avoiding Delays: This approach avoids the time-consuming process of returning the materials or
* sending a team, ensuring that production schedules are maintained.
References
* Burt, D. N., Petcavage, S. D., & Pinkerton, R. L. (2010). Supply Management. McGraw-Hill Education.
* Lysons, K., & Farrington, B. (2016). Procurement and Supply Chain Management. Pearson.


256. Frage
Which of the following methods for valuing and expensing inventory is NOT allowed under the International Financial Reporting Standards (IFRS)?

Antwort: D


257. Frage
Which of the following activities will cause assets and owner's equity to decrease?

Antwort: A


258. Frage
A manufacturing firm needs to maintain production and prevent delays due to raw material outages and quality Issues. Which of the following is the BEST course of action for this firm to take?

Antwort: B

Begründung:
To maintain production and prevent delays due to raw material outages and quality issues, the manufacturing firm should ensure a reliable supply chain strategy.
* Add 25% to raw material purchases to ensure there is enough inventory in case of supplier delays or quality problems: This increases inventory costs and may not address quality issues effectively.
* Contract with multiple suppliers rather than depend upon one supplier to provide raw materials:
Diversifying suppliers is beneficial but may complicate logistics and quality control.
* Develop a strategic relationship with its main supplier: This can enhance collaboration and reliability but does not address immediate operational needs.
* Maintain safety stock and implement an automatic reordering process when inventory drops below a certain level: This is the best course of action as it ensures that there is always enough inventory to prevent production delays and manages reorder points efficiently to maintain continuous supply.
Therefore, the best course of action is to maintain safety stock and implement an automatic reordering process when inventory drops below a certain level.
References:
* Inventory management principles.
* Supply chain risk management strategies.


259. Frage
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