ISM CORE Exam Real Questions

Which of the following is the MOST important reason for supply management to share company business plans with current and prospective suppliers?

According to the Law of Agency, a supply manager acting as an agent makes decisions and acts in whose interest(s)?

A director of supply management is tasked with determining where savings can be found in indirect cost categories. If needed, the company will consider hiring additional staff to negotiate and administer contracts. Which of the following is the FIRST step the supply manager should take? 

At what point in the development of a category strategy should spend review occur? 

A buyer wishes to stop future shipments of goods from a supplier who has failed to meet the delivery schedule for several months. The buyer wishes to retain the ability to seek damages resulting from the supplier's failure to perform. In this case, the buyer's BEST option is to employ which of the following?