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1. Developing the strategic supply management plan establishes the supply architecture for the organization.
Which of the following is NOT one of the components the plan ensures alignment of?
A) Basic costs
B) Strategic planning components
C) Resources required
D) Supply base
2. Supply management risk management and response planning generally involves a five step approach. In the "implementing readiness" step, the supply management professional is typically doing what?
A) Gaining an understanding of the state of operations and cataloging assets through interviews with risk management, insurance, and finance as well as stakeholders.
B) Identifying major threats, vulnerabilities, and key risks
C) Validating business continuity plans
D) Selecting supply chain and network contingencies
3. As the supply management professional executes strategic sourcing plans and is performing a market analysis and risk benefit analysis, using the risk benefit quadrant formula a factor which is TACTICAL would have which level of risk and benefit?
A) Low risk, high benefit
B) Low risk, low benefit
C) High risk, high benefit
D) High risk, low benefit
4. Which of the following components does NOT need to be reviewed when conducting an analysis of spend?
A) Savings percentages
B) Barriers to spend
C) Competitiveness of the market
D) Spend size
5. Which of the following BEST serves as a definition for the supply management operating plan?
A) List of requirements to track what is getting done.
B) Schedule of events and responsibilities detailing actions to accomplish goals.
C) Plan which lists the annual goals for supply management.
D) Plan that lists what needs to be accomplished for the strategic goals.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |
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