LEAD exam dump, dumps VCE for Leadership and Transformation in Supply Management
LEAD exam dump, dumps VCE for Leadership and Transformation in Supply Management
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ISM Leadership and Transformation in Supply Management Sample Questions (Q111-Q116):
NEW QUESTION # 111
A company has a strict policy of limiting employee gifts from suppliers to no more than S25. An employee violates this policy by accepting an $80 ticket to a sporting event from a regular supplier. Given this situation, which of the following is the BEST course of action for this employee's supervisor to take?
- A. Conduct face-to-face training with the employee on company policy
- B. Warn the supplier that its contract will be terminated if any such gift is given again
- C. Deduct the S80 from the employee's paycheck
- D. Dismiss the employee for violating company policy
Answer: A
Explanation:
* Policy Violation: The employee violated the company's strict gift policy by accepting an $80 ticket, which exceeds the $25 limit.
* Appropriate Response: Conducting face-to-face training addresses the issue by educating the employee on the company's policies and the importance of adhering to them.
* Corrective Action: This approach allows for a constructive discussion, ensuring the employee understands the policy and the reasons behind it, which can prevent future violations.
* Proportional Response: While dismissal or other punitive measures may seem excessive for a first-time or minor infraction, training provides a balanced approach to correction and improvement.
* Reference: Human resource management best practices emphasize the importance of training and education in addressing policy violations, as discussed in resources like "Human Resource Management" by Gary Dessler and guidelines from the Society for Human Resource Management (SHRM).
NEW QUESTION # 112
A firm's five-year strategic plan forecasts annual sales revenue growth primarily based on product quality improvements. The firm's chief procurement officer (CPO) wants to monitor supply management's contribution to the plan by applying business intelligence. Which of the following is the BEST way for the CPO to achieve this objective?
- A. Assign supply managers by company function rather than supply category, to better focus attention on reaching the firm's objectives
- B. Monitor supply trends and developments, and the political and economic changes that affect primary suppliers and raw materials
- C. Measure the quality of the firm's primary suppliers and their degree of collaboration with the company's business units
- D. Certify at least two new suppliers annually, to manage supply risk and to keep current suppliers focused on quality improvements
Answer: C
Explanation:
The chief procurement officer (CPO) aims to monitor supply management's contribution to the firm's strategic plan, which focuses on product quality improvements. Measuring the quality of the firm's primary suppliers and their degree of collaboration with the company's business units is the best way to achieve this objective. Leadership and transformation management documents emphasize the importance of supplier quality and collaboration in achieving strategic goals. By focusing on these metrics, the CPO can ensure that supply management is aligned with the firm's overall objectives and can track improvements in product quality that contribute to revenue growth. This approach is supported by references that highlight the critical role of supplier performance and collaboration in achieving quality improvements and strategic objectives.
NEW QUESTION # 113
CDE, Inc. is a U.S.-based sporting apparel company. CDE contracts with a manufacturer in another country to produce a specialized line of clothing. In the first few months, sales of the new line are very disappointing. It is then discovered that the manufacturer is marketing copyright copies of the new line in the U.S. and abroad, thus undercutting CDE's pricing and damaging its reputation. Given this situation, which of the following should CDE do FIRST?
- A. Notify the World Trade Organization of copyright breach by the manufacturer
- B. Issue a cease and desist notification and reassess production risk
- C. File suit against the manufacturer in its home country and the United States
- D. File a complaint with U.S. Customs and Border Protection against the manufacturer
Answer: B
Explanation:
When a manufacturer is discovered marketing copyright copies of CDE's products, the first course of action should be to issue a cease and desist notification and reassess production risk. This approach is recommended by leadership and transformation management documents, which emphasize the importance of promptly addressing intellectual property breaches while evaluating the associated risks. Issuing a cease and desist notice serves as a formal demand to stop the infringing activities, protecting the company's legal rights and initiating the process of addressing the violation. Reassessing production risk involves evaluating the current supplier's reliability and considering alternative suppliers to mitigate future risks. Reference highlight the necessity of protecting intellectual property and maintaining supplier integrity in global supply chains.
NEW QUESTION # 114
Which of the following is MOST appropriate as a supply management mission statement?
- A. "Supply management's primary role is to obtain goods and services in response to internal needs."
- B. "Supply management's primary role is to consider global goods and services."
- C. "Supply management's primary role is to manage the cycle from planning to contract management for goods and services."
- D. "Supply management's primary role is to obtain the lowest cost for goods and services."
Answer: C
Explanation:
Comprehensive Scope: This mission statement encompasses the full scope of supply management activities, from planning and sourcing to contract management and execution.
Strategic Focus: It highlights the strategic nature of supply management, ensuring that all stages of the supply chain are effectively managed.
Operational Efficiency: Managing the entire cycle supports operational efficiency, cost control, and value creation.
Alignment with Objectives: This mission statement aligns with the broader organizational objectives of optimizing procurement processes and ensuring the availability of goods and services.
NEW QUESTION # 115
Supply management can track supplier performance, send alerts on important dates and generate reports for compliance officers through which of the following?
- A. Spend analysis software
- B. Contract management software
- C. Business intelligence software
- D. Performance management software
Answer: B
Explanation:
Contract management software is designed to handle all aspects of contract lifecycle management, including tracking supplier performance, sending alerts on important dates, and generating reports for compliance officers.
Tracking Supplier Performance: Contract management software provides tools to monitor and evaluate supplier performance against contract terms, ensuring that suppliers meet their obligations.
Alerts and Notifications: The software can send automatic alerts for important dates such as contract renewals, expirations, and compliance deadlines, helping supply managers stay on top of key milestones.
Reporting Capabilities: Contract management software includes reporting features that allow supply managers to generate detailed reports for compliance officers, ensuring that the organization adheres to regulatory and contractual requirements.
Reference:
Monczka, R.M., Handfield, R.B., Giunipero, L.C., & Patterson, J.L. (2015). Purchasing and Supply Chain Management. Cengage Learning.
Aberdeen Group. (2008). Contract Management: The Key to Strategic Supplier Relationships. Aberdeen Research Report.
NEW QUESTION # 116
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