Free ISM LEAD Exam Questions

A retail chain is looking to gain a competitive edge in the market. The firm wants to allow visibility throughout the company and enhance supply performance regarding demand forecasting, inventory management, and transportation. In this situation, which of following will be MOST effective? 

Which of the following requires a working knowledge of payback and net present value? 

A supply management audit finds that sole source purchases have increased significantly due to the inexperience of the sourcing team, and that the waiving of competition is not justified in many cases. This has resulted in increased costs, as well as noncompliance with organizational policies requiring competitive solicitations. Which of the following is the BEST way to rectify this situation?

A junior buyer joins a procurement organization and spends the first month observing a seniorbuyer conduct various sourcing events. This is an example of what type of training delivery method? 

Which of the following is the FIRST step that a supply manager should take to ensure proper social responsibility in the management of regulated materials?