A manufacturer has facilities around the world and purchases steel from various global markets. The firm uses decentralized purchasing, with a procurement team in each of its various markets. Management would like to see a corporate approach to steel procurement. Which of the following should the firm's supply manager recommend?

• A.A lead business unit for steel, to interface and handle procurement and strategy for each market
• B.A sourcing committee with a representative from each market, to facilitate global steel strategy
• C.Regional procurement groups that focus on steel negotiations and strategies for each market
• D.A corporate steering committee to advise on strategy and act as a liaison with major suppliers

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A supply manager is part of a ramp-up team for a new product line. The supply manager's role will include finding and evaluating new sources and obtaining commitments to support the volume projected by marketing.
In recent campaigns, sales forecasts have been considerably higher than actual demand, and the supply manager wants to minimize the risk of such a situation happening again. Which of the following arguments made by the supply manager will MOST likely influence the team to re-examine product launch expectations?

• A."Supplier quality problems could mean the company misses the critical time-to-market window."
• B."The company may experience involuntary down time if suppliers cannot keep up with production needs."
• C."Cost overruns on unfamiliar materials might cause suppliers to raise prices. '
• D."An overly optimistic forecast may result in costly excess inventory and obligations."

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Which of the following is the PRIMARY benefit of project governance?

• A.Projects considered essential are prioritized over others already in progress.
• B.Business projects need less monitoring, which allows local managers freedom to execute their projects.
• C.Projects that are behind targets may be allowed to continue, if the cause of the delay can be resolved.
• D.Business cases and associated benefits are subject to effective scrutiny, which helps with setting project timelines.

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XYZ, Inc. has experienced a significant increase in the number of expedited orders with a key supplier over the last few months. In this situation, XYZ should

• A.raise the reorder point level of the products purchased from the supplier, so that XYZ will not be affected by any stock shortages
• B.request that the supplier offer a discount on its products, as the expedited requests are a financial burden
• C.contact a freight forwarder and sign a priority shipping agreement, so that XYZ can secure the expedited services
• D.determine the reasons for the ongoing expedited orders, identify the root cause, and take corrective action

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A large retailer and one of its suppliers establish a process to combine intelligence from both organizations in order to improve product availability while reducing inventory, transportation, and logistics costs. This process is known as which of the following?

• A.Vendor-managed inventory
• B.Collaborative planning, forecasting and replenishment
• C.Sales and operations planning
• D.Enterprise resource planning

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