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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Sourcing | 30% | - Supplier Management
|
| Topic 2: Negotiation | 15% | - Negotiation Preparation
|
| Topic 3: Supply Chain Management | 15% | - Supply Chain Operations
|
| Topic 4: Contract Management | 15% | - Contract Development
|
| Topic 5: Category Management | 25% | - Category Strategy Development
|
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NEW QUESTION # 101
A researcher wants to determine the relationship between the number of sea-turtles and the depth of the ocean.
Based on the data below, select the correct columnsfor the Excel regression inputranges.
(Select all that apply.)
Answer: C,D
NEW QUESTION # 102
An educational institution that delivers continuing education programs to business leaders has seen increased demand for its program in multiple languages. The supply manager responsible for the sourcing, contracting, and relationship development of these training providers has noticed its customers in other countries using local instructors who can better relate to the audiences. Which of the following supply base innovation skills is the supply manager facing?
Answer: D
Explanation:
The supply manager is dealing with the need to source training providers who can cater to diverse linguistic and cultural audiences. This situation involves managing differences, as the supply manager must navigate and leverage these differences to find suitable local instructors who can effectively deliver the programs. This skill is critical in ensuring that the training meets the unique needs of different customer bases.
References
* Cross-cultural management and supply chain diversity literature.
* Case studies on managing differences in global supply chains.
NEW QUESTION # 103
A pharmaceutical company was recently awarded a 20 year patent for a new medicine it has developed. Which of the following results could be a consequence of this patent? (Select all that apply.)
Answer: A,E
NEW QUESTION # 104
Government regulators in a country announce costly new safety regulations for an industry. These new regulations are welcomed by all the companies in the industry. Why might these companies want this added cost?
Answer: A
NEW QUESTION # 105
A supply manager is seeking waterproofing consulting services to be used in the construction of a critical materials warehouse. It is the firm's first time procuring this type of service. Given this situation, the supply manager would be BEST served by
Answer: A
Explanation:
For a firm procuring waterproofing consulting services for the first time:
* Preparing a flexible scope of work: Flexibility can be useful but may lead to ambiguity and lack of focus.
* Identifying preferred consultants: Researching and identifying consultants with proven expertise ensures the firm selects qualified professionals, especially critical for a first-time procurement.
* Hiring a staffing agency: Typically used for temporary staff rather than specialized consulting services.
* Subcontracting the work to the general contractor: Effective for general construction tasks but might not guarantee specialized waterproofing expertise.
Given the critical nature of the service and the firm's inexperience, the best course of action is to identify preferred consultants with expertise in waterproofing.
References:
* Procurement strategy literature on consulting services.
* Industry best practices for selecting specialized consultants.
NEW QUESTION # 106
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