2025 ISM CORe: Professional Supply Management Core Exam Valid Dumps Book
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The HBX CORe program culminates in a final examination that tests the students' knowledge and understanding of the material covered in the three courses. The HBX CORe Final Examination is a comprehensive test that assesses the students' grasp of the fundamental concepts of business. CORe examination is administered online and is timed. Students are required to answer multiple-choice questions, short-answer questions, and essay questions. CORe examination is designed to be challenging and requires students to apply their knowledge to solve real-world business problems.
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To earn the HBX CORe Credential of Readiness, candidates must pass three exams - Business Analytics, Economics for Managers, and Financial Accounting. These exams are designed to test candidates' understanding of the concepts covered during the program. CORe Exams are online, proctored, and timed. Candidates must achieve a passing score on each exam to earn the credential.
ISM Supply Management Core Exam Sample Questions (Q275-Q280):
NEW QUESTION # 275 A company has recently moved to outsourcing and low-cost country sourcing for two key product lines, and the supply manager has seen some of the cost savings erode as the supply chain and related distances increase. However, the supply manager is certain that by working with the new supply base, many of the savings previously earned could be regained, especially since raw material lead times have actually decreased in the marketplace, and cycle time in most offshore assembly plants has been reduced by 35%. Which of the following should be employed?
A. Value chain analysis
B. Supplier alliance development
C. Supplier mentorship
D. Multi-tier purchase agreements
Answer: B
Explanation: The supply manager aims to regain the lost cost savings by collaborating closely with the new supply base. Supplier alliance development is a strategic approach that involves working together with suppliers to improve processes, reduce costs, and enhance overall performance. Given the reduction in raw material lead times and offshore assembly cycle times, a strong alliance with suppliers can streamline the supply chain, optimize efficiencies, and restore cost savings. References * Strategic Supply Chain Management by Cohen and Roussel. * Best practices in supplier relationship management and alliance development.
NEW QUESTION # 276 A company sold a piece of equipment to another party for $150,000. The equipment was originally purchased for $300,000. Depreciation of $200,000 had been recognized against the equipment. How would the accounting equation for the company be impacted upon the disposal of the equipment?
A. Assets decreased by $100,000 and owner's equity increased by $100,000.
B. Assets increased by $150,000 and owner's equity increased by $150,000.
C. Assets increased by $50,000 and owner's equity increased by $50,000.
D. Assets decreased by $100,000 and assets increased by $100,000.
Answer: C
NEW QUESTION # 277 A government is considering issuing a fixed number of permits allowing firms to pollute. When would this system fail to reduce pollution?
A. When the price for a unit of pollution is too high
B. If the government issued too many pollution permits
C. When the system is applied to all industries
D. During an economic expansion
Answer: B
NEW QUESTION # 278 To better reflect commodity purchasing costs for its consumer automotive division, a firm separates inventory purchasing into "repairable parts" versus "consumable parts." This is an example of
A. workload distribution
B. category management
C. market segmentation
D. spend analysis
Answer: B
Explanation: * Understanding the Context: The firm differentiates inventory purchasing into "repairable parts" and "consumable parts" for its automotive division. * Category Management Definition: Category management involves dividing products into discrete groups or categories and managing each category as a business unit. * Application to Inventory: By separating the inventory into repairable and consumable parts, the firm applies category management principles to better manage costs and supply chains tailored to each category's unique requirements. References * CIPS. (n.d.). What is Category Management? * SCMDOJO. (n.d.). Benefits and Challenges of Category Management in Procurement.
NEW QUESTION # 279 A supply management department is asked to obtain lower prices from suppliers. Through its efforts, the department manages to achieve a 5% reduction in indirect spend categories. However, some stakeholders request more items, keeping total expenditures about the same despite lower per-item costs. Which of the following will be the BEST long-term approach for supply management to improve upon this situation?
A. Refrain from processing orders for additional items unless there is a compelling justification
B. Accept additional orders only if the requesting department has at least a 5% overall reduction in spend
C. Report the problem to top management, citing the departments with the poorest records
D. Work with leadership to implement a more effective demand management program
Answer: D
Explanation: To improve the situation where stakeholders request more items despite achieving lower per-item costs, the best long-term approach is to work with leadership to implement a more effective demand management program. This program would help in managing and controlling the demand for items, ensuring that the total expenditures do not increase unnecessarily. It involves planning, monitoring, and controlling the usage and requisition of goods and services to align with organizational goals and budgets. References * CIPS (Chartered Institute of Procurement & Supply). Demand Management in Procurement. * ISM (Institute for Supply Management). Strategies for Effective Demand Management.
