LEADERSHIP AND TRANSFORMATION IN SUPPLY MANAGEMENTLATEST TEST QUESTIONS & LEAD RELIABLE BRAINDUMPS & LEADERSHIP AND TRANSFORMATION IN SUPPLY MANAGEMENTFREE PRACTICE DUMPS

Leadership and Transformation in Supply Managementlatest test questions & LEAD reliable braindumps & Leadership and Transformation in Supply Managementfree practice dumps

Leadership and Transformation in Supply Managementlatest test questions & LEAD reliable braindumps & Leadership and Transformation in Supply Managementfree practice dumps

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ISM Leadership and Transformation in Supply Management Sample Questions (Q90-Q95):

NEW QUESTION # 90
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?

  • A. Changes in the scope of the business
  • B. Competitive trends in the marketplace
  • C. Internal customer needs
  • D. Supply chain configuration

Answer: D

Explanation:
Understanding the Situation:
Two gourmet food companies have merged, leading to increased market share and the potential for product line expansion.
Challenges: Rising material costs, stock shortages, and unclear responsibilities for commodity categories.
Key Considerations in a Merger:
Competitive Trends: Monitoring the market to understand competitive positioning.
Scope of Business: Changes due to the merger, including product lines and market coverage.
Internal Customer Needs: Ensuring that internal stakeholders are satisfied with the new operations.
Supply Chain Configuration: Defining roles, responsibilities, and processes within the supply chain to ensure efficient operations.
What Was Missed:
Executive management failed to address Supply Chain Configuration: Properly defining responsibilities, roles, and processes within the new combined supply chain structure.
Conclusion: Addressing supply chain configuration is crucial for resolving material costs and stock shortage issues, ensuring a smooth integration and efficient operation post-merger.
Reference:
"Supply Chain Management: Strategy, Planning, and Operation" by Sunil Chopra and Peter Meindl Articles on post-merger integration from Harvard Business Review and McKinsey & Company


NEW QUESTION # 91
A buyer from BCD, Inc. meets with an industry peer at a professional conference and tells the peer that Supplier X provides a low quality product, when in fact Supplier X provides a high quality product. The buyer makes the statement in the hope of retaining BCD's competitive edge, but as result of the conversation, the peer removes Supplier X from participation in an upcoming RFP. The buyer's statement can BEST be described as

  • A. libel
  • B. extortion
  • C. slander
  • D. disparagement

Answer: C

Explanation:
The buyer's statement can best be described as slander. Here's a detailed explanation:
Slander Defined:
Verbal Defamation: Slander involves making false and damaging statements about someone verbally. In this case, the buyer's verbal claim about Supplier X's product quality fits this definition.
Damage to Reputation: The false statement about Supplier X's product quality was intended to harm the supplier's reputation, fulfilling the criteria for slander.
Why Not Other Options?
Extortion (A): Extortion involves obtaining something through force or threats, which is not applicable here.
Libel (C): Libel refers to written defamation, whereas the buyer's statement was verbal.
Disparagement (D): Disparagement involves making false statements about the quality of a product or service. While similar, slander is the more specific term for verbal defamation.
Reference:
Legal definitions and distinctions between slander and libel (Black's Law Dictionary).
Principles of ethical communication in supply chain management (Institute for Supply Management, Ethics in Supply Management).


NEW QUESTION # 92
Which of the following is the BEST example of a corporate social responsibility audit procedure?

  • A. Creating an intranet forum to discuss organizational objectives
  • B. Checking chemical safety data sheets regularly
  • C. Enhancing talent management skills
  • D. Conducting diversity awareness training

Answer: B

Explanation:
* Corporate Social Responsibility (CSR) Audits: CSR audits assess a company's adherence to ethical standards and regulatory requirements in areas such as environmental protection, workplace safety, and social responsibility.
* Chemical Safety Data Sheets: Regularly checking chemical safety data sheets ensures that the company is compliant with safety regulations and that employees are aware of the hazards and proper handling procedures of chemicals used in operations.
* Relevance to CSR: Ensuring chemical safety is a critical aspect of corporate responsibility, as it directly impacts employee health and safety and environmental protection.
* Reference: This practice is supported by guidelines from organizations such as the Occupational Safety and Health Administration (OSHA) and environmental protection agencies, which emphasize the importance of regular safety audits and compliance checks.


NEW QUESTION # 93
RST Petroleum and Fuel, Inc. ensures that its refineries follow all OSHA regulations, particularly with regard to personal protection and safety training. RST's Safety Data Sheets (SDS) are accessible on the intranet for all employees to view.
RST hires a new janitorial service to clean all of its offices, restrooms and showers. The janitorial service insists on supplying its own cleaning products. RST agrees to this, but wants the service to provide the SDS for its products, to be posted on the RST intranet site. Although the janitorial service has been working at RST for three months and has been doing an excellent job, it fails to provide RST with the requested information.
Given this situation, which of the following should RST do?

  • A. Ignore the situation, as the OSHA regulations do not pertain to a contractor's materials
  • B. Discontinue work with the janitorial services firm until the SDS are provided
  • C. Notify the janitorial service that it is in breach of contract
  • D. Cancel the contract with the janitorial services firm for breach

Answer: B

Explanation:
* Regulatory Compliance: OSHA regulations mandate that Safety Data Sheets (SDS) must be accessible for all hazardous chemicals used in the workplace. This requirement applies to all materials, including those used by contractors.
* Employee Safety: Ensuring SDS are available for all chemicals used on-site is crucial for maintaining a safe working environment. Employees must be aware of potential hazards and how to handle chemicals safely.
* Risk Management: Continuing operations without the necessary SDS poses a risk to employee safety and exposes the company to regulatory penalties.
* Corrective Action: Discontinuing work with the janitorial services firm until the SDS are provided is a proactive measure to mitigate this risk.
* Contractual Obligation: The janitorial service is in breach of the safety requirements agreed upon. Immediate cessation of their services until compliance is achieved is necessary.
* Reference: OSHA's Hazard Communication Standard (29 CFR 1910.1200) and industry best practices for contractor management support this approach.


NEW QUESTION # 94
Two large industrial organizations with global operations merge. Prior to the merger, the two companies had individual buyers at each manufacturing location, and these buyers were very successful. In the newly merged company, a sourcing team is established, with commodity managers reporting to the chief purchasing officer (CPO). Saving money has always been a top priority of the procurement staff, but the CPO is concerned about the new company's culture, as the commodity manager role didn't exist in either of the two companies prior to the merger.
Which of the following should the CPO be MOST concerned with to ensure the success of the new commodity managers?

  • A. Optimization effort
  • B. Cost containment
  • C. Risk management
  • D. Cost avoidance

Answer: C

Explanation:
* Merger Context: The merger has created a new structure with commodity managers, a role that didn't previously exist in either company. This restructuring can introduce various risks, including operational disruptions and cultural integration challenges.
* Risk Management Focus: The CPO should prioritize risk management to ensure the transition to commodity managers is smooth and successful. This includes identifying potential risks, developing mitigation strategies, and monitoring implementation.
* Risks to Consider: Potential risks include resistance to change, lack of clear role definitions, and integration of different corporate cultures.
* Importance of Risk Management: Effective risk management helps in anticipating and addressing issues that could derail the integration process and ensures that the new structure supports the company's strategic goals.
* Reference: Best practices in merger integration and change management literature, including "Making Mergers Work" by Price Pritchett and the Project Management Institute's (PMI) guidelines on risk management, emphasize the importance of focusing on risk management in such transitions.


NEW QUESTION # 95
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