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INTE Real Exam Answers | Latest INTE Dumps Free

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ISM Supply Management Integration Sample Questions (Q137-Q142):

NEW QUESTION # 137
Selection of a supplier takes place during which of the following phases of the project management process?

A. Project monitoring and control
B. Project initiation
C. Project execution
D. Project planning

Answer: D

Explanation:
In project management, supplier selection typically occurs during the project planning phase. This phase involves defining the project's scope, setting objectives, and identifying necessary resources, including suppliers. References to the PMBOK Guide support that procurement planning and supplier selection are integral components of project planning.

NEW QUESTION # 138
Identifying risks is MOST associated with which of the following stages of a project?

A. Initiating
B. Executing
C. Monitoring and Controlling
D. Planning

Answer: D

Explanation:
Risk identification primarily occurs during the planning phase of a project. This stage involves assessing potential risks that could impact project objectives, allowing for the development of mitigation strategies and contingency plans.

NEW QUESTION # 139
XYZ, Inc. is a manufacturer and distributor of fishing gear. XYZ relies on poorly-executed forecasts from its retail partners, which leads to exaggerated demand. This in turn leads to XYZ experiencing increased inventory, material handling concerns, and difficulties managing its accounts payable. Which of the following BEST describes what is occurring in this situation?

A. Adaptive smoothing
B. Bullwhip effect
C. Speculative buying
D. Backflush

Answer: B

Explanation:
The situation describes the bullwhip effect, where poor forecasting by retail partners leads to exaggerated demand signals, causing inefficiencies like excess inventory and handling challenges. This effect is common in supply chains with inadequate communication and coordination. References: Supply chain management literature extensively discusses the bullwhip effect as a critical issue in demand forecasting and inventory management.

NEW QUESTION # 140
A company introduces a new product line. Although the line is selling well, profit margins are barely at the break-even point. In this situation, which of the following is MOST likely to improve profit margins'

A. Research prices for similar products in the marketplace to determine if the company can raise its prices
B. Negotiate more favorable pricing with suppliers, using the promise of future business if the new line succeeds
C. Determine whether in-house production of the components would be more economical
D. Conduct an analysis of all cost factors, including labor and overhead, to identify possible savings

Answer: D

Explanation:
Analyzing cost factors such as labor and overhead can reveal opportunities for efficiency improvements and cost reductions, directly impacting profit margins. This comprehensive approach helps identify areas where expenses can be trimmed without affecting product quality.

NEW QUESTION # 141
An organization purchases material from several countries. These materials are assembled into products and sold in several other countries. This firm's product specifications will MOST likely reference

A. Incoterms 2010 rules
B. North American Free Trade Act
C. exchange rates
D. International standards

Answer: D

Explanation:
For a firm purchasing and selling products internationally, referencing international standards ensures compatibility, quality, and compliance across different markets. This practice facilitates global trade and meets regulatory requirements. References: International standards (e.g., ISO) are critical in maintaining consistency and reliability in global supply chains.

NEW QUESTION # 142
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