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L4M4 Dumps With Exact Questions and Answers

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L4M4 Questions and Answers

Question # 1

Luke has sent out a Request for Information to test the waters of the supply market for a new product he is sourcing. He has received a high number of detailed documents back from suppliers. Which of the following is Luke now likely to know about the marketplace? Select THREE

A.

acceptable lead times

B.

amount of product competition

C.

expected changes in the marketplace

D.

exact costs of the item he's procuring

E.

samples of the product

Question # 2

Commodities are items which can be traded on the stock exchange. These are generally divided into four categories. What are these four categories?

A.

metals, energy, elements and agriculture

B.

fruit, vegetables, meat and dairy

C.

energy, agriculture, metals, livestock

D.

chemicals, agriculture, metals and livestock

Question # 3

Which of the following are considerations when evaluating quality as a criterion for supplier selection? Select TWO that apply.

A.

The existence of policies and initiatives toward more sustainable packaging and materials

B.

The existence of Total Quality Management (TQM) and a continuous improvement culture

C.

Certification to the management system ISO 9001

D.

Certification to the management system ISO 14001

E.

The supplier's environmental impact analysis

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