ISM Supply Management Integration - INTE Exam Practice Test
Which of the following forecasting methods is regarded as participatory7
Correct Answer: B
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When an organization is devising a long-term forecast, consulting external sources of information is MOST useful
Correct Answer: C
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A chemical supply company creates a new liquid chemical product which must be shipped by tanker truck.
The new chemical is expected to constitute 10% of the firm's sales over the next five years. The company's other sales are all solid powder chemicals. Given these circumstances, which of the following will be the MOST cost effective method for the company to ship the new product'
The new chemical is expected to constitute 10% of the firm's sales over the next five years. The company's other sales are all solid powder chemicals. Given these circumstances, which of the following will be the MOST cost effective method for the company to ship the new product'
Correct Answer: C
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Identifying risks is MOST associated with which of the following stages of a project?
Correct Answer: C
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A supply manager is responsible for the raw material supply to a manufacturing operation. After three months of successfully meeting key performance indicators (KPIs), the supply manager conducts a meeting with stakeholders-including engineers, manufacturing technicians, supply chain personnel, and finance team members-to solicit their feedback regarding the raw material supply chain. Which of the following quality management principles is the supply manager executing?
Correct Answer: B
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A warehouse manager notices that there has been a constant shortage of 4K TVs for the last few months. An investigation finds that the TVs have been stolen, even though warehouse access is strictly controlled by employee ID badge. In this situation, the warehouse manager's FIRST course of action should be to
Correct Answer: A
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A company finds that tracking demand for products sold at its retail outlets makes forecasting a challenge.
Which of the following would be MOST useful in providing rapid updates when dealing with suppliers?
Which of the following would be MOST useful in providing rapid updates when dealing with suppliers?
Correct Answer: C
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MNO, Inc. is a national retail home goods chain formed of local franchisees. Each franchisee uses its own returns processing systems. A key advertising point for MNO is its liberal return policy, which is part of its overall focus on excellent customer service. While feedback from customers is positive regarding MNO's return policy, there have been inquiries as to why stores handle returns via different processes. MNO's supply manager suggests the implementation of a reverse supply chain to deal with this issue and possibly yield cost enhancement opportunities. In order to implement this, which of the following is the FIRST course of action the supply manager should take''
Correct Answer: A
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