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100% Pass Quiz 2025 LEAD: Leadership and Transformation in Supply Management – The Best Practice Mock
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ISM Leadership and Transformation in Supply Management Sample Questions (Q83-Q88):
NEW QUESTION # 83
A supply manager is responsible for managing a team of transactional buyers. While reviewing transaction logs, the supply manager notices that one of the buyers is listed as the requisitioner on an unusually large number of the purchase orders. The supply manager suspects improper activity and wants to investigate the matter further. Given this situation, which of the following will be MOST useful to the supply manager?
Answer: A
Explanation:
To investigate the potential improper activity indicated by the buyer being listed as the requisitioner on many purchase orders, the procurement standard operating procedures (SOPs) will be most useful. The SOPs will provide detailed guidelines on the procurement process, including roles and responsibilities, which can help identify if any rules or protocols have been violated. Leadership and transformation management documents stress the importance of adhering to SOPs to ensure compliance and transparency in procurement activities. By reviewing the SOPs, the supply manager can compare the buyer's actions against established procedures to determine if there has been any improper conduct. Reference highlight the role of SOPs in maintaining accountability and integrity within supply management operations.
NEW QUESTION # 84
In a closed-loop recycling process, waste material is
Answer: C
Explanation:
In a closed-loop recycling process, waste material is utilized to make new products. This method of recycling aims to create a sustainable system where materials are continuously repurposed, reducing the need for new raw materials and minimizing waste.
Closed-Loop Recycling: This refers to the process where waste materials are collected, recycled, and used again to produce the same or similar products. The loop is "closed" because the materials are continuously cycled through the system.
Environmental Impact: Utilizing waste materials to create new products reduces the environmental impact by lowering the demand for virgin materials and decreasing the amount of waste sent to landfills.
Sustainability: This process supports sustainability goals by promoting resource efficiency and reducing the carbon footprint associated with the production of new materials.
Reference:
Stahel, W.R. (2016). The Circular Economy: A User's Guide. Routledge.
Ghisellini, P., Cialani, C., & Ulgiati, S. (2016). A review on circular economy: the expected transition to a balanced interplay of environmental and economic systems. Journal of Cleaner Production, 114, 11-32.
NEW QUESTION # 85
A new supply manager with little experience in procure-to-pay (P2P) systems is looking to evaluate software options for the company. Which of the following is the BEST course of action for the supply manager to take?
Answer: C
Explanation:
For a new supply manager with little experience in procure-to-pay (P2P) systems, reviewing third-party research on current P2P solutions is the best course of action. This approach provides an objective overview of available options, features, and industry best practices. Leadership and transformation management documents stress the importance of informed decision-making and leveraging external expertise when evaluating new systems. By consulting third-party research, the supply manager can gain insights into the strengths and weaknesses of different P2P systems, ensuring a well-informed recommendation. Reference emphasize the value of using independent research to support strategic procurement decisions.
NEW QUESTION # 86
A manufacturing company wants to do a better job of tracking prices and evaluating trends. It wishes to employ an index within contracts to determine yearly increases or decreases. In this situation, the company would be BEST served by consulting which of the following?
Answer: A
Explanation:
To track prices and evaluate trends effectively, the manufacturing company would be best served by consulting the Bureau of Labor Statistics (BLS).
BLS Data: The BLS provides comprehensive data on various economic indicators, including the Producer Price Index (PPI) and Consumer Price Index (CPI), which are essential for tracking price trends and inflation.
Index Use: These indices can be used within contracts to determine yearly price adjustments based on changes in the economic environment, ensuring fair and transparent pricing mechanisms.
Reference:
Bureau of Labor Statistics. (2021). Producer Price Index (PPI). [Online]. Available: https://www.bls.gov/ppi/ Bureau of Labor Statistics. (2021). Consumer Price Index (CPI). [Online]. Available: https://www.bls.gov/cpi/
NEW QUESTION # 87
A category manager for an electronics firm is tasked with building a strategy for wiring harnesses for the coming year. Which of the following is the BEST course of action for the category manager to take?
Answer: A
Explanation:
Task Definition: Building a strategy for wiring harnesses requires a comprehensive approach that considers multiple factors and perspectives.
Importance of Stakeholder Engagement:
Ensures the strategy is aligned with the overall business objectives and meets the needs of all departments.
Involves input from those directly affected by or involved in the procurement and usage of wiring harnesses, leading to a more informed and effective strategy.
Best Course of Action:
Engaging Relevant Stakeholders: Gathering input from engineering, production, quality control, and other relevant departments ensures the strategy is robust and addresses all critical aspects.
Creates a sense of ownership and commitment among stakeholders, facilitating smoother implementation.
Outcome:
A well-rounded strategy that considers all necessary viewpoints, leading to better decision-making and successful implementation.
Reference:
Stakeholder engagement practices from PMI's "A Guide to the Project Management Body of Knowledge (PMBOK Guide)" Best practices in category management from the Chartered Institute of Procurement & Supply (CIPS)
NEW QUESTION # 88
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