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  2. HBX Certification
  3. CORe Exam
  4. HBX.CORe.v2025-06-09.q185 Dumps
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Question 121

A U.S.-based supply manager wants to reduce the number of defective parts arriving from an outsourced supplier located in Malaysia. Which of the following is MOST likely to help achieve this goal?

Correct Answer: B
* Quality Improvement: The supply manager wants to reduce the number of defective parts from a supplier in Malaysia.
* Six Sigma: This methodology focuses on reducing defects and improving quality through data-driven analysis and process improvements.
* Implementation: Applying Six Sigma principles can help identify the root causes of defects and implement systematic improvements.
* Continuous Improvement: Six Sigma promotes a culture of continuous improvement, ensuring long-term quality enhancement and defect reduction.
References
* ASQ. (n.d.). Six Sigma: A Comprehensive Overview.
* ISM. (n.d.). Quality Management in Global Supply Chains.
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Question 122

The use of procurement cards to simplify purchases of low cost/low complexity items is BEST suited for which of the following categories of spend?

Correct Answer: C
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Question 123

In preparation for an upgrade to several of its business processes, a firm needs to provide training for key staff members. The firm's supply manager wants to be sure any solicitation for services uses up-to-date specifications and will attract good potential sources. Which of the following should be the FIRST step in accomplishing this?

Correct Answer: D
The first step in ensuring that any solicitation for services uses up-to-date specifications and attracts good potential sources is to issue a Request for Information (RFI). An RFI allows the firm to gather information about available training packages and potential suppliers. It helps in understanding the market capabilities and the solutions that suppliers can offer. This information can then be used to create a more detailed and accurate Request for Proposal (RFP).
References
* CIPS (Chartered Institute of Procurement & Supply). The Use of RFIs in the Procurement Process.
* ISM (Institute for Supply Management). Guidelines for Effective RFIs.
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Question 124

MNO Inc. is a U.S.-based manufacturing company that imports sub-assemblies from Asia and incorporates them into several products. The firm orders in large quantities to obtain the lowest price per unit, and then pulls the items as required to produce finished goods. MNO wishes to improve its cash flow and seeks ways to reduce the impact of import duties. Which of the following Is the BEST approach for the company to use?

Correct Answer: B
Placing goods in a bonded warehouse allows MNO Inc. to defer the payment of import duties until the goods are withdrawn for use. This can improve cash flow by delaying duty payments and reducing the immediate financial burden. Goods stored in a bonded warehouse are not subject to import duties until they are removed from the warehouse, which helps in managing cash flow more effectively.
References
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Question 125

Which of the following is the BEST course of action to take in order to develop a positive working relationship with a supplier?

Correct Answer: D
* Developing Positive Relationships: Establishing a good working relationship with a supplier is crucial for successful procurement.
* Involving Internal Customers: Bringing internal customers into discussions ensures that all stakeholders' needs and perspectives are considered.
* Building Trust: This approach fosters transparency, collaboration, and mutual understanding, strengthening the supplier relationship.
* Comprehensive Communication: It ensures that the supplier receives consistent and unified feedback from the buying organization.
References
* ISM. (n.d.). Strategies for Building Supplier Relationships.
* CIPS. (n.d.). Engaging Internal Stakeholders in Supplier Discussions.
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