Free Supply Management Integration Exam INTE Exam Practice Test

A large retailer and one of its suppliers establish a process to combine intelligence from both organizations in order to improve product availability while reducing inventory, transportation, and logistics costs. This process is known as which of the following?

• Vendor-managed inventory
• Collaborative planning, forecasting and replenishment
• Sales and operations planning
• Enterprise resource planning

UVX, Inc. is seeking suppliers of components to be used in a new heavy equipment product UVX is introducing in the marketplace. The firm conducts a market intelligence analysis and spend analysis to determine feasibility. These findings are reported to the company stakeholders, who decide to produce 25 units every two weeks. UVX issues a solicitation for bids and includes the stakeholders' requirements with the specifications.At the close of the bidding process, UVX receives one offer that can deliver enough components to produce 15 units every four weeks. The remaining potential bidders decline altogether, citing an inability to meet UVX’s specifications.Which of the following should UVX have done in order to ensure a better response to the solicitation?

• Execute a supply chain management process
• Perform a value analysis
• Conduct early supplier involvement
• Perform supplier development

MNO, Inc. is a manufacturing firm. MNO's end-of-year inventory is 54,000,000 and its cost of goods sold is $2,300,000. For the previous year, MNO's end-of-year inventory was $5,000,000 and the cost of goods sold was $3,000,000. What is this year's inventory turnover?

• 0.575
• 0.511
• 1.957
• 0.589

A company moves its warehouse operations to a new location. Soon after, the company experiences higher shipping costs and delays in meeting delivery dates. Which of the following is the MOST likely cause of these increased costs and delays?

• The new warehouse is staffed with inexperienced employees.
• The new warehouse is farther away from suppliers than the previous one.
• The transportation supplier is charging more to drive to the new warehouse.
• The transportation supplier's drivers are having difficulty accessing the new warehouse.

Reducing the number of items that perform the same or similar function is known as

• value analysis
• standardization
• value engineering
• simplification

A supply manager is tasked with assisting internal customers in refining their budgets and planning future sourcing. The supply manager works with the firm's marketing director on a budget which includes a large direct mail campaign and the revision of promotional materials for several products. Six months later, marketing has nearly exhausted the budget due to cost increases in paper and printing, even though the marketing campaign's scope has not changed. Which of the following did the supply manager and marketing director fail to consider?

• Ongoing project monitoring
• Comparison of actual results with established goals
• Alignment of departmental priorities with those of the parent organization
• Use of pricing data to forecast trends

A manufacturer of gas-powered motors realigns its supply chain to fit a new business segment. In the past, the firm focused on customized designs. Now, it wishes to compete in the electric motor market, which is highly competitive and price-sensitive. Given this situation, which of the following will ensure that the firm has the proper planning in place?

• Negotiating prices with suppliers with a focus on total cost of ownership models, to minimize inventory and logistics costs
• Working with engineering to ensure the inclusion of customizable product and service features, in order to meet customer demands
• Requiring suppliers to verify that sustainability metrics for various programs are closely monitored
• Working with engineering and suppliers to develop new product designs

A cell phone retailer experiences excess inventory of a particular model due to errors in demand forecasting. In addition, remorse returns of this model are greater than anticipated. Which of the following is the BEST course of action the company can take to recover value from these assets?

• Execute an online auction in the secondary market to resell the new devices and the remorse returns
• Deploy a permanent e-commerce platform for the sale of the assets, as this will be useful for any future instances of excess and remorse return
• Contract with a third-party specialist for the destruction of the returned assets and the resale of the raw materials that result
• Use an e-commerce provider for the sale of the device using a revenue share and risk compliance model

XYZ Company engages a freight bureau to conduct an audit of its freight forwarder. How can XYZ BEST utilize the information obtained from this review?

• Assess the freight forwarder's staffing needs
• Confirm adherence to regulations and industry standards
• Achieve cost savings on future freight invoices
• Identify instances where the freight forwarder violated XYZ's policies

A supply manager is seeking to align the procurement function with the organization's business strategy and growth potential. Which of the following is the BEST initial course of action to take in this instance7

• Schedule a meeting with each functional area to learn about their procurement requirements
• Consult with accounting to obtain information on the financial relationships with each current supplier
• Develop a recommendation on procurement activities and the necessary interactions with external stakeholders
• Review current procurement activities and assess if they are strategic or tactical and how they contribute value