Free ISM INTE Exam Dumps Questions & Answers

XYZ, Inc. is a company based in the United States. XYZ purchases a large quantity of raw materials from a supplier in the Dominican Republic. The supplier packages the materials and delivers them to the shipping company designated by XYZ and loads them onto the ship. The contract specifies Free Carrier At (FCA) Caucedo, Dominican Republic. While the ship is still in port, a hurricane damages the ship and ruins its cargo.
Under Incoterms 2020 rules, who owns the shipment at this point?

• A.  The supplier, because it has not yet been delivered to the plant
• B.  The buyer, because the supplier delivered it to the designated carrier
• C.  The supplier, because it has not yet been unloaded
• D.  The buyer, because the invoice has been paid

At the beginning of each year, a large firm's indirect procurement organization holds a brainstorming session.
These sessions produce many great ideas and foster support among the procurement team. However, after a few years, support for the brainstorming sessions begins to diminish, and the projects discussed are pushed aside in order to deal with more pressing issues. In this situation, which of the following would be the BEST course of action to take?

• A.  Assign functional project managers to work on the brainstorming project
• B.  Ask other functional areas to suggest improvement projects, and dedicate resources to support these initiatives
• C.  Discontinue the brainstorming sessions and urge employees to make improvements within their areas of responsibility as they see opportunities arise
• D.  Create a center of excellence with select managers committed to implementing the ideas discussed in the brainstorming sessions

A supply manager is seeking to align the procurement function with the organization's business strategy and growth potential. Which of the following is the BEST initial course of action to take in this instance7

• A.  Develop a recommendation on procurement activities and the necessary interactions with external stakeholders
• B.  Review current procurement activities and assess if they are strategic or tactical and how they contribute value
• C.  Schedule a meeting with each functional area to learn about their procurement requirements
• D.  Consult with accounting to obtain information on the financial relationships with each current supplier

Which of the following refers to an agreement between a buyer and supplier in which vendor-owned inventory is stored on the buyer's floor until it is used in production?

• A.  Consignment
• B.  Vendor-managed
• C.  Point-of-use
• D.  Just-in-time

A supply manager learns that parts used in manufacturing are arriving scratched and must be polished before use, thereby hampering production. Sending the parts back to the supplier is not an option, as they are needed to meet increased demand. Which of the following will be MOST helpful in resolving this problem?

• A.  Acceptance/rejection history
• B.  Process control
• C.  Corrective action plan
• D.  Supplier certification