CORe Exam Dumps | A manufacturing firm creates a steering committee to review a proposal to manufacture a new product.

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HBX.CORE.v2024-09-27.q132
Question 38

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Question 38/132

A manufacturing firm creates a steering committee to review a proposal to manufacture a new product. The product is regarded by the firm's sales team as a customer requirement based on "voice of the customer" input.
In the past, this product was seen as a high-risk noncore item, but the situation has now changed enough for the firm to warrant consideration. The firm's supply manager is tasked with developing a sourcing plan for the steering committee. In this situation, which of the following is the NEXT course of action the supply manager should take?

A. Conduct a strengths, weaknesses, opportunities and threats (SWOT) analysis

B. Conduct market research on the options available for the product discussed

C. Create a request for information (RFI) and find the best qualified suppliers with which to develop a sourcing plan

D. Create a scope of work outlining the requirements, and submit it to stakeholders for review and approval

Correct Answer: D

In developing a sourcing plan for a new product, the first logical step for the supply manager is to create a scope of work (SOW). The SOW should detail the specific requirements and expectations for the product, including quality, delivery, performance specifications, and any other pertinent criteria. Once the SOW is prepared, it should be submitted to stakeholders for review and approval. This ensures alignment and buy-in from all relevant parties before proceeding with the procurement process.
References
* The Procurement and Supply Manager's Desk Reference by Fred Sollish and John Semanik
* Project Management Institute (PMI) guidelines

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