Become ISM Certified with updated LEAD exam questions and correct answers
A U.S. company wants to expand its business and market to the government. This will requiregovernment
approval of a small business plan, encompassing proposed spend with several categories of small businesses.
The firm’s supply manager has been asked to investigate the requirements to comply with this new market.
Which of the following is the BEST course of action for the supply manager to take in this situation?
Which of the following requires a working knowledge of payback and net present value?
A supply manager recently graduated from college is hired by a manufacturing organization as a buyer of
industrial chemicals. The new supply manager has limited knowledge of chemicals and the marketplace. In
this situation, which of the following is the FIRST step the supply manager should take?
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?
Two gourmet food companies merge, and the combined entity attains an increase in its market share. The firm
is considering an expansion of its product line, but material costs have risen and stock shortages are creating
problems which need to be resolved before any expansion takes place. The firm’s supply managers find that
no clear definition of responsibilities was outlined during the merger process for several commodity
categories. Which of the following did executive management fail to address?
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