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Question 17/72
Of the following, the BEST way for supply management to effectively support stakeholders is to ensure that
Correct Answer: D
The best way for supply management to effectively support stakeholders is to ensure that communications are tailored to each stakeholder. Tailoring communications means providing relevant information in a manner that each stakeholder understands and values. This approach ensures clarity, fosters engagement, and meets the unique needs of each stakeholder, thereby enhancing collaboration and support.
References
* "Effective Communication Skills for Scientific and Technical Professionals," Harry E. Chambers.
* "Managing Stakeholders as Clients: Sponsorship, Partnership, Leadership, and Citizenship," Mario Henrique Trentim.
References
* "Effective Communication Skills for Scientific and Technical Professionals," Harry E. Chambers.
* "Managing Stakeholders as Clients: Sponsorship, Partnership, Leadership, and Citizenship," Mario Henrique Trentim.
- Question List (72q)
- Question 1: Planning and negotiating a contract while considering its im...
- Question 2: Which of the following is the BEST method for comparing a su...
- Question 3: A supply manager Is assigned to a new product similar to pro...
- Question 4: A multinational company is in the market to purchase widgets...
- Question 5: A supply manager Is seeking potential suppliers to recreate ...
- Question 6: A supply manager Is leading a team in developing a strategic...
- Question 7: Which of the following is the PRIMARY reason for holding a b...
- Question 8: In portfolio analysis, purchases for which the buying organi...
- Question 9: A supply manager needs to develop additional raw material su...
- Question 10: Consider the following supplier terms for the same product: ...
- Question 11: An educational institution that delivers continuing educatio...
- Question 12: A buying company concludes the request for proposal (RFP) pr...
- Question 13: Which of the following BEST describes the strategic sourcing...
- Question 14: A machine that costs $200,000 is expected to realize an annu...
- Question 15: A supply manager Is planning for negotiations with a sole-so...
- Question 16: A company is about to conduct an opportunity assessment revi...
- Question 17: Of the following, the BEST way for supply management to effe...
- Question 18: A manufacturing company has numerous sites around the countr...
- Question 19: Which of the following financial indices may be used to infe...
- Question 20: According to the Kraljic matrix, how should a product with h...
- Question 21: Which of the following should be supply management's PRIMARY...
- Question 22: A supply management office for a county government has been ...
- Question 23: A supply manager Is leading a project to implement a change ...
- Question 24: Which of the following is the simplest form of supplier eval...
- Question 25: A supply manager concludes that the best source for a critic...
- Question 26: A service provider has experienced diminished value and stag...
- Question 27: CDE, Inc. contracts with a supplier for the fabrication of t...
- Question 28: A company creates a corporate sourcing team with category ma...
- Question 29: CDE Inc. is a metal casting manufacturer that uses a supplie...
- Question 30: When developing a supplier exit strategy, which of the follo...
- Question 31: A supply management department is looking to standardize pur...
- Question 32: During negotiations, each side adopts a point of view, and t...
- Question 33: The price of raw materials for a critical product is highly ...
- Question 34: Which of the following is a key element in the development o...
- Question 35: Items of low value and complexity are typically categorized ...
- Question 36: Which of the following is considered the HIGHEST level in a ...
- Question 37: A firm wants to reduce the supply base for a particular prod...
- Question 38: After a bid process concludes and an award is made, there sh...
- Question 39: Which of the following contract types is an agreement to pay...
- Question 40: GHI, Inc. is a manufacturer of batteries. GHI's supply manag...
- Question 41: A company's major supplier of sub-assemblies provides excell...
- Question 42: A major supplier for JKL, Inc. has a production capacity of ...
- Question 43: A product's labor content is $10 and its overhead is $12.50....
- Question 44: Developing a category management plan can BEST be accomplish...
- Question 45: A supply manager is planning to conduct negotiations with th...
- Question 46: A supply manager Is conducting the following activities: *Ma...
- Question 47: At what point in a business relationship with a supplier sho...
- Question 48: Which of the following is the FIRST step in developing a neg...
- Question 49: A supply manager seeks bids on a new piece of capital equipm...
- Question 50: Motivated by public relations considerations, a company deci...
- Question 51: A university is evaluating its student registration software...
- Question 52: Which of the following is the BEST long-term strategy for cr...
- Question 53: Development of which of the following would be MOST benefici...
- Question 54: PQR, Inc. is a small manufacturing firm that is rebuilding i...
- Question 55: A supply manager for an electronics manufacturer is asked to...
- Question 56: According to the Law of Agency, a supply manager acting as a...
- Question 57: The procurement officer for a publicly-traded U.S. company c...
- Question 58: PQR, Inc. is a large international life insurance company. P...
- Question 59: A supply manager is drafting a request for proposal (RFP) fo...
- Question 60: A supply manager is developing a request for proposal (RFP) ...
- Question 61: A firm enters into a contract with a minority business. The ...
- Question 62: A team from RST, Inc. is conducting a negotiation session wi...
- Question 63: A manufacturing company signs a cost-reimbursable contract w...
- Question 64: Which of the following BEST describes a single source supply...
- Question 65: A supply manager receives negative feedback from internal st...
- Question 66: A firm has repeatedly experienced communication problems wit...
- Question 67: Which of the following is the PRIMARY benefit of supply base...
- Question 68: A supply manager Is conducting financial analyses of bidders...
- Question 69: A firm purchases large quantities of parts from an overseas ...
- Question 70: A supply manager solicits bids for janitorial services. The ...
- Question 71: Which of the following is MOST important to review before em...
- Question 72: JKL, Inc. solicits bids for the repair of a boiler used in i...
