ISM LEAD Actual Free Exam Questions & Community Discussion

A supply management employee's performance has deteriorated, and the employee now exhibits disregard for organizational policies and procedures. The department manager decides to take progressive disciplinary measures. However, before proceeding, the manager wants to be sure that these actions are defensible. Which of the following would provide the BEST support for the manager's position?

A supply manager conducts an audit of a supplier for a proprietary material and finds safety deficiencies in the supplier's plant. Which of the following is the FIRST course of action the supply manager should take?

JKL Company's procurement staff has a history of inefficient business practices and poor communications with stakeholders, which the firm attributes to ineffective leadership. The firm hires an experienced executive to lead the department. Which of the following should the executive focus on to make the staff accountable, while simultaneously assuring them that the executive is ultimately responsible for the duties being fulfilled?

MNO, Inc. is developing a five-year business plan. The organization's vision, mission and value statements have been established. Which of the following should the organization do NEXT?

A supply chain's stability, as well as its ability to continue business or recover from a major disruption, is BEST predicted by

DEF, Inc. is finalizing a contract to have its head office refurbished. Within its budget of $1.2 million there is a general risk fund of $30,000. The building is old, and the electrical wiring drawings do not appear up to date. The total project bid from Supplier X is $1 million. This includes a fee of $20,000 for updating electrical wiring drawings and the contractors' risk fund of $100,000, half of which is for building-related issues, and half of which is for electrical issues.
DEF decides to assume the risk of electrical issues. What is the contract price paid to Supplier X?

A firm wishes to lessen its environmental impact within the community. However, the firm must first establish a baseline measurement. In this situation, which of the following is the BEST way for the firm to measure its supply base's sustainability performance?

A manufacturer of multi-media equipment plans to expand into new product areas requiring materials and components the firm has not previously purchased, as well as greater reliance upon global suppliers. The timeline for the project will be very demanding. The firm's supply manager has experience with enterprise resource planning (ERP) and believes ERP will be helpful for the new project. The firm has never before invested in such technology and does not have the resources to do so. Given this situation, which of the following actions should the supply manager take?

A supply manager is invited to present at a conference hosted by a professional organization. The conference is focused on supplier relationship management, risk and business intelligence. The supply manager intends to discuss how suppliers are classified using a mix of spend data, supplier audit results, supplier performance scorecards and contract status. In this situation, which of the following should be the supply manager's GREATEST priority when making this presentation?

A corporation's supply management organization is working with the information technology (IT) department to review its spend categories and identify opportunities for improvement. Which of the following will likely be of GREATEST interest to the firm's senior management?