RELIABLE LEAD TEST SIMS - EXAM LEAD QUIZZES

Reliable LEAD Test Sims - Exam LEAD Quizzes

Reliable LEAD Test Sims - Exam LEAD Quizzes

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ISM Leadership and Transformation in Supply Management Sample Questions (Q156-Q161):

NEW QUESTION # 156
TUV, Ltd. is a firm based in the United Kingdom. TUV engages a contractor in Malaysia to construct new production and testing facilities located within Malaysia's capital city. Midway through the project, TUV's supply manager realizes that there is no formal retention policy in place for safety records. Given this situation, which of the following is the MOST appropriate course of action for the supply manager to take?

  • A. Adopt the record retention program TUV currently uses for domestic operations
  • B. Convene a meeting between TUV and the contractor to develop a joint program
  • C. Use the contractor's program for a similar international project
  • D. Direct the contractor to develop a records retention program for the entire project

Answer: B

Explanation:
* Stakeholder Engagement: Developing a joint records retention program ensures that both parties have a say in the process, leading to better alignment and adherence to the agreed standards.
* Custom Solution: A joint program can be tailored to the specific needs of the project, considering the regulatory requirements of Malaysia and the operational practices of TUV.
* Risk Management: Ensuring proper retention of safety records is crucial for compliance and risk management. A collaborative approach ensures comprehensive coverage of all necessary aspects.
* Building Partnerships: Engaging the contractor in developing the program fosters a collaborative working relationship, which can be beneficial for the project and future engagements.
* Reference: This approach is supported by project management and supply chain best practices, such as those outlined by the Project Management Institute (PMI) and the International Association for Contract and Commercial Management (IACCM).


NEW QUESTION # 157
A legal hold order prohibits the deletion or destruction of

  • A. signed contracts only
  • B. competitive bidding results and signed contracts
  • C. physical and electronic documents excluding emails
  • D. all physical and electronic documents

Answer: D

Explanation:
A legal hold order prohibits the deletion or destruction of all physical and electronic documents. Leadership and transformation management documents emphasize the importance of preserving all relevant information when a legal hold is in place to ensure compliance with legal and regulatory requirements. This includes emails, contracts, competitive bidding results, and any other documents that might be relevant to the legal matter at hand. Reference highlight the necessity of comprehensive document retention to protect the organization and ensure that all potentially relevant information is available for legal proceedings.


NEW QUESTION # 158
A supply manager is looking to engage internal stakeholders. The supply manager contacts the digital marketing team to understand what projects they are working on and where procurement can add value. The digital marketing team has not dealt with procurement in the past and does not understand what support supply management can provide. Which of the following is the NEXT step supply management should take?

  • A. Conduct a needs analysis with the digital marketing stakeholders
  • B. Send the team procurement studies to demonstrate their knowledge of the field
  • C. Establish rules and guidelines for departments not previously engaged
  • D. Schedule time with the team's leadership to discuss engagement

Answer: A

Explanation:
Understanding Stakeholder Needs: The digital marketing team has not dealt with procurement before and may not understand the value supply management can provide. Conducting a needs analysis helps identify their specific needs and pain points.
Building Relationships: Engaging with the digital marketing team through a needs analysis fosters open communication and collaboration, building a foundation for a strong working relationship.
Customized Solutions: The insights gained from the needs analysis enable supply management to tailor their support to the specific requirements of the digital marketing team, demonstrating their value effectively.
Effective Engagement: This proactive approach ensures that supply management's efforts are aligned with the needs of the digital marketing team, leading to more meaningful and impactful engagement.
Reference:
Top of Form
Bottom of Form


NEW QUESTION # 159
A supply manager meets with a group of external auditors presenting a draft of their report on the supply management function. Which of these findings should be of GREATEST concern to the supply manager?

  • A. "Teams are cited for their failure to meet performance criteria."
  • B. "General descriptions rather than detailed ones are used."
  • C. "The organization chart does not include intermediate reporting levels."
  • D. "Input from stakeholders has been given too much weight."

Answer: A

Explanation:
Among the findings presented by the external auditors, the greatest concern for the supply manager should be that "teams are cited for their failure to meet performance criteria." Performance Criteria: Failure to meet performance criteria indicates that the supply management teams are not achieving the expected standards and objectives. This can significantly impact the overall effectiveness and efficiency of the supply management function.
Accountability: Not meeting performance criteria suggests issues with accountability and could reflect poorly on management practices, training, and resource allocation within the supply management department.
Operational Impact: Persistent failure to meet performance criteria can lead to operational inefficiencies, increased costs, and potential disruptions in the supply chain.
Reference:
Kaplan, R.S., & Norton, D.P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Review Press.
Drucker, P.F. (1954). The Practice of Management. Harper & Row.


NEW QUESTION # 160
A center-led supply management organization is BEST described as having which of the following types of decision-making structures?

  • A. Top-down
  • B. Hybrid
  • C. Centralized
  • D. Decentralized

Answer: B

Explanation:
A center-led supply management organization combines elements of both centralized and decentralized decision-making structures, making it a hybrid structure. In a center-led model, strategic decisions and policies are typically centralized to ensure consistency and leverage economies of scale, while operational decisions and daily activities are decentralized to allow for flexibility and responsiveness to local needs. This structure allows organizations to balance the benefits of both centralization (such as cost savings and standardization) and decentralization (such as increased agility and local responsiveness).
Reference:
Cousins, P. D., Lamming, R. C., Lawson, B., & Squire, B. (2008). Strategic Supply Management: Principles, Theories and Practice. Pearson Education.
Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2015). Purchasing and Supply Chain Management. Cengage Learning.


NEW QUESTION # 161
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