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INTE - High Hit-Rate Supply Management Integration Reliable Test Sims

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ISM INTE Exam Syllabus Topics:

Topic
Details

Topic 1

Supply Chain Strategy: This section deals with how to develop and implement material or service standardization programs and implement requirements planning to align supply management activities with organizational strategy.

Topic 2

Project Management: This section covers applying project management principles to supply management activities.

Topic 3

Quality Management: This section covers understanding and applying quality management principles throughout the supply chain.

Topic 4

Logistics and Materials Management: This section covers knowledge of transportation modes, warehousing, and inventory management practices.

Topic 5

Sales and Operations Planning (SOP): This section covers sales and Operations Planning, Demand Planning, and Forecasting.

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ISM Supply Management Integration Sample Questions (Q159-Q164):

NEW QUESTION # 159
FGH, Inc., a specialty construction company located in Italy, orders bulky customized sound equipment from a sole-source supplier in Asia. The equipment is to be installed in a new auditorium that FGH is constructing.
Failure to complete the project in time for its scheduled opening will subject FGH to penalties. FGH receives notice from the supplier that the equipment is packaged and ready to ship as planned via ocean freight but that an impending storm may cause delays. FGH needs to stay within budget. In this situation, which of following is the BEST course of action for FGH to take?

A. Use ocean freight after the storm subsides
B. Evaluate options for a multimodal shipment
C. Wait until the storm's path can be predicted more accurately
D. Arrange for immediate air freight of the equipment

Answer: A

Explanation:
Marine transportation is the best option for promoting international trade and transporting large quantities of products at a low cost. It allows for economies of scale, making it the most cost-effective mode for bulk shipments. References: Global trade studies frequently cite maritime shipping as a key enabler of international commerce due to its capacity and cost benefits.

NEW QUESTION # 160
A firm collects the following forecasted and actual demand for a certain part:
PeriodForecastActual
KI30311
22531
32826
42520
What is the absolute value of the forecast error?

A. 0
B. 14;
C. 1
D. Cannot be determined from above information

Answer: B

Explanation:
The absolute value of the forecast error is calculated as the average of the absolute differences between forecasted and actual demand. Calculating each period: |30-31| + |25-31| + |28-26| + |25-20| = 1 + 6 + 2 + 5 =
14. Therefore, the absolute value of the forecast error is 14. Reference: Demand forecasting and error measurement techniques.

NEW QUESTION # 161
Which of the following refers to an operations management philosophy whose objective is to reduce waste and cycle time?

A. Just-In-Time
B. ABC Analysis
C. Total Quality Management
D. Process Mapping

Answer: A

Explanation:
Just-In-Time (JIT) is an operations management philosophy aimed at reducing waste and cycle time. It focuses on producing only what is needed, when it is needed, and in the amount needed, thereby minimizing inventory levels and enhancing efficiency. This approach leads to reduced costs and improved product quality.
Reference: Lean manufacturing principles and JIT methodologies.

NEW QUESTION # 162
An organization's capital expenditure policies are MOST closely aligned with which of the following types of assets?

A. Deferred
B. Intangible
C. Current
D. Fixed

Answer: D

Explanation:
Capital expenditure policies primarily relate to fixed assets, as they involve investments in long-term assets that are capitalized and depreciated over time. Reference: Horngren, C. T., Datar, S. M., & Rajan, M. V.
(2015). Cost Accounting: A Managerial Emphasis.

NEW QUESTION # 163
A buyer is reviewing a quote for a shipment of electronic materials from Europe to Africa. The supplier offers a reasonable price for the materials and plans to deliver them using its regular shipping service. The terms are such that the buying company takes possession of the goods once they are loaded onto a boat in Europe.
Which of the following information should be of GREATEST concern to the buyer?

A. The risks involved in the shipping terms
B. Whether or not export regulations will be followed
C. The details of the proposed Incoterms 2020 rule
D. The reason for choosing sea transportation over air

Answer: A

Explanation:
The buyer should be most concerned about the risks associated with the shipping terms, especially as they take possession once the goods are loaded. This includes potential liabilities and loss during transit. Understanding these risks is critical for mitigating potential issues. Reference: Incoterms 2020 by ICC.

NEW QUESTION # 164
......

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