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| Section | Objectives |
|---|---|
| Topic 1: Supply Management Core Knowledge | - Procurement and sourcing fundamentals - Supply chain integration and operations - Category management principles |
| Topic 2: Compliance and Performance Management | - Supplier performance measurement - Continuous improvement practices - Ethics and compliance in procurement |
| Topic 3: Leadership and Business Acumen | - Leadership in supply management - Risk management and decision-making - Financial and business analysis |
| Topic 4: Sourcing and Category Strategy | - Contracting and negotiation strategies - Strategic sourcing processes - Supplier evaluation and selection |
Question 1
All of the following EXCEPT ______________ are model components of the Box-Jenkins model.
A. Model checking
B. Parameter estimation
C. Model selection
D. Time analysis
Question 2
A replenishment system where time based demand is used from the distribution center to balance the customer fill rate against the inventory is referred to as?
A. Customer fill rate planning (CFRP)
B. Distribution requirements planning (DRP)
C. Inventory replenishment system (IRS)
D. Supplier replenishment system (SRS)
Question 3
The supply management professional may encounter very complex arrangements of authority. This may be in the form of actual authority, apparent authority, express or implied authority. The type of authority used to describe an authority that is implied by law to enable the agent to carry out the express authority granted by the principal is?
A. Apparent authority
B. Implied authority
C. Expressed authority
D. Actual authority
Question 4
A formal contingency plan in the event of unforeseen events implemented should a dissolution be needed is referred to as a/an?
A. Broker merchant plan for a supply management organization.
B. Release strategy for a supply management organization.
C. Exit strategy for a supply management organization.
D. Business continuity of operations for a supply management organization.
Question 5
The development of a half text and half symbol chart showing the details of actions to be taken at each stage in a process is called? Choose the BEST response.
A. Process mapping improvements.
B. Thought mapping for process improvement.
C. Mind mapping for process improvement.
D. Process flow chart
Solutions:
| Question 1 Answer: D | Question 2 Answer: B | Question 3 Answer: B | Question 4 Answer: C | Question 5 Answer: D |
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