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Supply Management Integration

Last Update 1 day ago Total Questions : 167

The Supply Management Integration content is now fully updated, with all current exam questions added 1 day ago. Deciding to include INTE practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our INTE exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these INTE sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Supply Management Integration practice test comfortably within the allotted time.

Question # 1

A company supply manager conducts a review of current freight contracts and finds that payments to the primary carrier for outbound shipments have been based on a published rate schedule, which is revised annually. The supply manager believes the shipping costs may be higher than necessary. In order to reduce outbound transportation costs, which of the following should the supply manager do FIRST’

A.

Initiate a carrier cost audit

B.

Explore savings opportunities with the primary carrier

C.

Perform a carrier performance review

D.

Solicit proposals from several other reputable carriers

Question # 2

A company develops long range material forecasts, analyzes industry trends, determines commodities for value analysis, and assesses supplier capabilities to assure continual economic supply of goods and services. This company is engaged in

A.

supply chain mapping

B.

market intelligence

C.

early supplier involvement

D.

inventory control

Question # 3

A manufacturer must work to reduce cost of goods sold (COGS) to achieve profit objectives and remain competitive in a tight market. The manufacturer has long standing relationships with its main suppliers and a strong supply management department that conducts periodic reviews with the suppliers. Nevertheless, the manufacturer is not hitting targets. Which of the following is the BEST course of action for supply management to undertake in order to initiate improvements?

A.

Continue to operate as usual, as manufacturing and operations must focus on labor cost reduction to best impact COGS

B.

Conduct a workshop with suppliers and internal stakeholders, focusing on sustainable improvements and goal alignment

C.

Demand each supplier provide price concessions regardless of contract terms, as it is a tight market

D.

Retender the contracts representing the main cost drivers in order to maximize COGS reduction

Question # 4

Consider the following data comparing actual demand versus forecast demand:

Month Actual Demand Forecast Demand

January 100,000 80,000

February 105,000 90,000

March 110,000 100,000

April 70,000 100,000

May 90,000 110,000

June 100,000 90,000

What is the Mean Annual Percent Error (MAPE) for the six months of data?

A.

10%

B.

15%

C.

20%

D.

25%

Question # 5

Which of the following describes a market structure where there are few sellers and many buyers and where price is controlled by either an industry leader or a cartel?

A.

Monopsony

B.

Perfect competition

C.

Monopoly

D.

Oligopoly

Question # 6

To ensure items frequently employed in production are immediately available for Kanban replenishment, a storage location is established specifically for these items. This inventory location is known as a(n)

A.

overflow location

B.

random location

C.

point-of-use location

D.

fixed location

Question # 7

MNO, Inc. is a national retail home goods chain formed of local franchisees. Each franchisee uses its own returns processing systems. A key advertising point for MNO is its liberal return policy, which is part of its overall focus on excellent customer service. While feedback from customers is positive regarding MNO’s return policy, there have been inquiries as to why stores handle returns via different processes. MNO’s supply manager suggests the implementation of a reverse supply chain to deal with this issue and possibly yield cost enhancement opportunities. In order to implement this, which of the following is the FIRST course of action the supply manager should take’’

A.

Define a consistent return process and integrate it into the forward supply chain

B.

Hire an external returns specialist to monitor the situation

Question # 8

Which of the following forecasting methods is regarded as participatory7

A.

Exponential smoothing

B.

Box-Jenkins

C.

Sales force composite

D.

Market research

Question # 9

A company determines that demand for an item is steady at 800 units per month, and that the cost of ordering and receiving the item is $300, regardless of how much is ordered. The per item charge is $5, and holding costs are 20% annually. Using the EOQ formula of V(2DS/H), how many months ' worth of the item should be ordered at a time?

A.

2

B.

4

C.

3

D.

1

Question # 10

If a shipment has a gross weight of 500 pounds and overall dimensions of 42 inches x 48 inches x 48 inches, what is the density of the shipment (in pounds per cubic foot)?

A.

0.744

B.

0.005

C.

8.9

D.

5.0

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