Free HBX CORe Exam Dumps Questions & Answers

A company employs a special testing device within its laboratories. The firm needs two additional units of this device with the same capabilities, but wants to encourage competition rather than be brand-specific. The company's supply manager issues a solicitation with the brand and model number of the devices in use, appended with the phrase "or functional equivalent". Suppliers of other brands submit inquiries as to what the firm's exact needs are. Which of the following is the BEST response the supply manager can make to these inquiries?

• A.  Provide a list of the brands and models that can meet requirements
• B.  Detail how and where the devices will be used, Including any constraints
• C.  Send detailed specifications from the referenced model's manufacturer
• D.  Describe minimum capabilities and designate required versus optional features

A company currently has contracts with several temporary labor suppliers with detailed requirements for the same skill set. The hourly rates charged by each of these suppliers vary widely. The firm wants to have all temporary labor services provided by one supplier at the lowest possible cost. Given this situation, which of the following is the BEST course of action for the firm to take?

• A.  Transition the services to direct employees
• B.  Conduct a reverse auction with a clear statement of work
• C.  Issue a request for proposal (RFP) to preselected suppliers
• D.  Negotiate for lower pricing with one of the suppliers

A chemical company develops a new product that relies heavily on quartz, a common and abundant mineral.
The company believes that the new product is critical to its financial success and future growth. In developing a sourcing strategy for quartz, the company supply manager should focus PRIMARILY on

• A.  ensuring long-term availability of supply
• B.  reducing exposure to price increases or supply disruption
• C.  streamlining the supply management process to achieve efficiency
• D.  using volume and economies of scale to minimize price

A buyer for DEF, Inc. has been exceeding spending authority on agreements with several new suppliers.
Which of the following Is an accurate statement regarding DEF's liability in this situation?

• A.  DEF is responsible for the agreements if the buyer exceeded actual authority, but the suppliers perceived the spend to be within apparent authority.
• B.  DEF is only liable for an amount equal to the buyer's actual authority level.
• C.  DEF is fully liable for the agreements, as the buyer is an employee of the company.
• D.  DEF is responsible for the agreement if the buyer exceeded actual and apparent authority levels, but only for a value equal to the apparent authority amount.

DEF, Inc. has a choice of several transportation providers in the immediate area. The firm decides to conduct a spend analysis to identify opportunities for cost savings through service standardization. In this situation, which of the following will be MOST Important for the company to analyze?

• A.  Pricing at international locations
• B.  Pricing for alternative travel modes such as rail and air
• C.  Local laws and regulations regarding transportation
• D.  Labor rates for frequently utilized locations