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Question 77/151
Which of the following Is a strategic deliverable whereby proactive steps are identified in order to execute tactical-level actions within the sourcing process?
Correct Answer: B
* Strategic Deliverables: Category management plans are strategic deliverables that outline proactive steps and tactical actions for managing specific categories of spend.
* Tactical-Level Actions: These plans help in executing tactical-level actions such as sourcing strategies, supplier selection, and cost management within the sourcing process.
* Proactive Steps: The category management plan identifies proactive steps to manage the category effectively, ensuring alignment with overall business strategy and goals.
References
* CIPS. (n.d.). What is Category Management?
* SCMDOJO. (n.d.). Developing a Category Management Plan.
* Tactical-Level Actions: These plans help in executing tactical-level actions such as sourcing strategies, supplier selection, and cost management within the sourcing process.
* Proactive Steps: The category management plan identifies proactive steps to manage the category effectively, ensuring alignment with overall business strategy and goals.
References
* CIPS. (n.d.). What is Category Management?
* SCMDOJO. (n.d.). Developing a Category Management Plan.
- Question List (151q)
- Question 1: Which of the following BEST describes a single source supply...
- Question 2: To weigh the benefits and risks of outsourcing a function, a...
- Question 3: A company's sales have increased from $100 million to $105 m...
- Question 4: A supply manager works with engineering on an aerospace proj...
- Question 5: A manufacturing company purchases a certain component in qua...
- Question 6: A manufacturing company has numerous sites around the countr...
- Question 7: A supply manager issues a Request for Quotation (RFQ) for so...
- Question 8: A buying organization requires suppliers to maintain an on-t...
- Question 9: When developing a sourcing strategy, which of the following ...
- Question 10: A firm's primary goal for its upcoming raw material negotiat...
- Question 11: A research company develops a tomato that grows in cold weat...
- Question 12: When developing a category management plan, which of the fol...
- Question 13: A supply management department obtains executive support to ...
- Question 14: Rebates are considered part of which of the following types ...
- Question 15: During its first annual business review, a supplier requests...
- Question 16: A company employs a special testing device within its labora...
- Question 17: According to the Committee of Sponsoring Organizations of th...
- Question 18: A company buys 200 metric tons of ethylene per month. The fi...
- Question 19: An oil & gas exploration company has employed its curren...
- Question 20: A product is approaching end-of-life, and the firm is consid...
- Question 21: A firm wants to leverage supply contracts by making maintena...
- Question 22: Which component of the COSO framework, as required by the Sa...
- Question 23: A supply manager Is conducting negotiations with a supplier....
- Question 24: Supplier X is awarded an exclusive contract by a resort chai...
- Question 25: Which of the following is the PRIMARY reason an organization...
- Question 26: A commodity manager at company headquarters is given respons...
- Question 27: A plumbing supplies company asks its supply manager to devel...
- Question 28: When evaluating bids, the MOST critical aspect Is ensuring t...
- Question 29: Which of the following are considered internal stakeholders?...
- Question 30: A buyer finds an opportunity to reduce costs for a particula...
- Question 31: A firm has repeatedly experienced communication problems wit...
- Question 32: A supply manager for JKL, Inc. finds a potential new supplie...
- Question 33: A large manufacturing firm has offices across the country. T...
- Question 34: BCD, Inc. manufactures a product for a highly regulated indu...
- Question 35: A supply manager Is assigned to a new product similar to pro...
- Question 36: A supply manager Is leading a team in developing a strategic...
- Question 37: Which of the following is MOST important to review before em...
- Question 38: Which of the following is the FIRST step in developing a neg...
- Question 39: Which of the following BEST describes the strategic sourcing...
- Question 40: A supply manager for an electronics manufacturer is asked to...
- Question 41: A supply manager concludes that the best source for a critic...
- Question 42: A software design firm has traditionally done most of its wo...
- Question 43: A U.S. firm receives several blds for a piece of specialized...
- Question 44: A supply manager needs to develop additional raw material su...
- Question 45: The procurement team for a construction firm is tasked with ...
- Question 46: During a request for proposal (RFP) debriefing, a supplier p...
- Question 47: A supply manager Is evaluating bids for a new delivery van. ...
- Question 48: Which of the following is considered the HIGHEST level in a ...
- Question 49: A small company identifies a market need for a new device. H...
- Question 50: XYZ, Inc. is negotiating with Supplier DEF for materials nee...
- Question 51: A supply manager Is conducting financial analyses of bidders...
- Question 52: A supply manager negotiates an agreement with a salesperson ...
- Question 53: A sourcing manager is negotiating a contract with a human re...
- Question 54: Which of the following is the GREATEST benefit of a supplier...
- Question 55: PQR's supply manager signs a contract with Supplier X for de...
- Question 56: An automobile manufacturer learns that its supplier for brak...
- Question 57: A foundation maintains ongoing relationships with agents in ...
- Question 58: The chief executive officer (CEO) of a candy company directs...
- Question 59: Which of the following refers to the process of generating i...
- Question 60: A manufacturing company experiences an increase in returns d...
- Question 61: A supply manager for FGH, Inc. places a purchase order for 1...
- Question 62: TUV Inc., a small manufacturing firm, hopes to rebuild its c...
- Question 63: PQR Inc. sponsors numerous large events involving all of its...
- Question 64: A business unit conducts discussions with key management mem...
- Question 65: MNO Inc. is a U.S.-based manufacturing company that imports ...
- Question 66: A supply manager for TUV, Inc. receives a call from an inter...
- Question 67: Questions pertaining to standardizing products, reducing the...
- Question 68: A firm buys a particular product that has low business impac...
- Question 69: BCD Inc. is in the early stages of selecting a new procure t...
- Question 70: A company that makes specialized equipment for a very compet...
- Question 71: The supply manager for TUV Inc. is planning for negotiations...
- Question 72: A chief procurement officer (CPO) is asked by the company co...
- Question 73: Supplier X provides software critical to production at EFG C...
- Question 74: A chemical company develops a new product that relies heavil...
- Question 75: Which of the following is the MOST important reason for supp...
- Question 76: A firm becomes a publicly-traded company. To ensure complian...
- Question 77: Which of the following Is a strategic deliverable whereby pr...
- Question 78: A state university is looking to purchase equipment to scan ...
- Question 79: PQR, Inc. is a small manufacturing firm that is rebuilding i...
- Question 80: A supply manager is drafting a request for proposal (RFP) fo...
- Question 81: In portfolio analysis, purchases for which the buying organi...
- Question 82: DEF, Inc. is a multinational oil company expanding into a ne...
- Question 83: A company's internal ordering system for indirect spend gene...
- Question 84: A supply manager is planning to conduct negotiations with th...
- Question 85: At what point in a business relationship with a supplier sho...
- Question 86: A supply manager is conducting financial analysis of bidders...
- Question 87: Telling a seller during negotiations that "This is our best ...
- Question 88: Which of the following should be supply management's PRIMARY...
- Question 89: DEF, Inc. conducts a Request for Information (RFI) to identi...
- Question 90: A supply management department is looking to standardize pur...
- Question 91: A product's labor content is $10 and its overhead is $12.50....
- Question 92: A service provider has experienced diminished value and stag...
- Question 93: A company that wants to add value to its operations should w...
- Question 94: Which of the following is the PRIMARY reason for holding a b...
- Question 95: A company recognizes a need for new and improved product off...
- Question 96: DEF Company receives several proposals for the manufacture o...
- Question 97: As interest rates rise, what will MOST likely be the effect ...
- Question 98: A luxury scarf manufacturer located in Europe selects a fine...
- Question 99: XI Corporation awards a contract for the building of a proto...
- Question 100: Which of the following is the PRIMARY benefit of supply base...
- Question 101: A machining company outsources its recycling program to a th...
- Question 102: A university is evaluating its student registration software...
- Question 103: PQR, Inc. is a globally certified manufacturer and repair sh...
- Question 104: Parts characterized by high cost/value and low technical com...
- Question 105: Which of the following refers to a stakeholder want as oppos...
- Question 106: A supply management department for a manufacturing organizat...
- Question 107: Which of the following is the FIRST step in the category man...
- Question 108: A company buys electronic connectors in lot sizes of 5000 un...
- Question 109: A manufacturing firm creates a steering committee to review ...
- Question 110: A buyer for DEF, Inc. has been exceeding spending authority ...
- Question 111: A company creates a corporate sourcing team with category ma...
- Question 112: XYZ Inc. is a chemical manufacturing company. XYZ requires h...
- Question 113: It takes an employee 30 minutes to produce the first unit of...
- Question 114: MNO, Inc. is a manufacturing operation that has recently exp...
- Question 115: Which of the following is MOST important to address in an ex...
- Question 116: A supply manager is leading a negotiation team. This team wi...
- Question 117: Which of the following is the BEST method for comparing a su...
- Question 118: After working for several years at ABC, Inc.-a large manufac...
- Question 119: A manufacturing firm needs to maintain production and preven...
- Question 120: XYZ Company asks a specialized fastener supplier for its hel...
- Question 121: A firm enters into a contract with a minority business. The ...
- Question 122: The use of procurement cards to simplify purchases of low co...
- Question 123: A company's accounting department implements a new system to...
- Question 124: EFG uses specialized components from Supplier A in the manuf...
- Question 125: A rapidly-growing food service company Is creating a service...
- Question 126: An exploration firm's supply manager meets with the fleet op...
- Question 127: A supply manager submits requests for additional personnel a...
- Question 128: What is the landed cost per unit for the following item? Ite...
- Question 129: EFG, Inc. is conducting a sourcing activity to identify a pr...
- Question 130: Of the following, the BEST way for supply management to effe...
- Question 131: According to the Sarbanes-Oxley Act, to whom must an audit c...
- Question 132: ABC, Inc. has a supply management department responsible for...
- Question 133: Which of the following refers to a matrix that reflects the ...
- Question 134: A supplier of software critical to PQR Inc.'s scheduling sys...
- Question 135: The chief procurement officer (CPO) for a large hospital sys...
- Question 136: A supply manager solicits bids for janitorial services. The ...
- Question 137: FGH, Inc. has purchased components from Supplier A for many ...
- Question 138: A company purchases a high-value product In an industry know...
- Question 139: A small electronics manufacturer patents a new device for se...
- Question 140: A supply manager is trying to leverage spend on travel and m...
- Question 141: ABC, Inc. Is a large accounting partnership with member firm...
- Question 142: DEF, Inc. is a multinational oil company expanding into a ne...
- Question 143: A firm issues an RFQ for specialty electronics to be used wi...
- Question 144: Which of the following is a factor to be considered in a Tot...
- Question 145: A supply manager for XYZ, Inc. visits a manufacturer's plant...
- Question 146: A firm currently pays $14 per unit for a part used in manufa...
- Question 147: At what point in the development of a category strategy shou...
- Question 148: A US-based manufacturing firm receives a quoted price for an...
- Question 149: Planning and negotiating a contract while considering its im...
- Question 150: Development of which of the following would be MOST benefici...
- Question 151: A supply manager seeks bids on a new piece of capital equipm...
