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Itcertkey is aware of your busy routine; therefore, it has made the Leadership and Transformation in Supply Management LEAD dumps format to facilitate you to prepare for the Leadership and Transformation in Supply Management LEAD exam. We adhere strictly to the syllabus set by ISM LEAD Certification Exam. What will make your LEAD test preparation easy is its compatibility with all devices such as PCs, tablets, laptops, and androids.
NEW QUESTION # 108
PQR, Inc., a company with operations in a single country, merges with a firm that has operations in ten countries. PQR's supply manager wants to be sure the combined firm continues to attract diverse talent across all international operations. The supply manager believes that contingent labor in particular will be critical over the next few years. Given this situation, which of the following is the BEST course of action for the supply manager to take?
Answer: D
Explanation:
* Global Operations: With operations in multiple countries, expertise in managing global contingent labor is crucial.
* Contingent Labor Management: Identifying a source with experience in global operations ensures that the company can effectively manage and attract diverse talent.
* Strategic Fit: A firm with the necessary expertise will align with the company's strategic needs for contingent labor across various international markets.
* Reference: Industry reports and best practices (e.g., from SHRM and WorldatWork) highlight the importance of specialized global labor management expertise in multinational operations.
NEW QUESTION # 109
The chief procurement officer (CPO) for a large municipal government obtains funding for a new e-procurement system. After the system has been operational for a year, the city council's finance committee requests a status report, with emphasis on whether or not the system has realized projected benefits. Future funding for e-procurement depends on whether the council is satisfied with progress. Though the system has yielded many positive results, savings have not yet met expectations. Given this situation, which of the following is the BEST approach for the CPO to take to address the council's concerns?
Answer: A
Explanation:
Given that the e-procurement system has yielded many positive results but has not yet met savings expectations, the best approach for the CPO is to document planned and achieved process improvements.
Process Improvements: Documenting both planned and achieved improvements provides a comprehensive view of the system's impact beyond immediate cost savings. It shows the long-term benefits and efficiencies gained through the new system.
Transparency: This approach offers transparency to the finance committee, demonstrating that while savings are still materializing, significant strides have been made in improving procurement processes.
Future Benefits: Highlighting process improvements can help justify the initial investment by showing potential future savings and efficiencies, which can reassure the council about the system's long-term value.
Reference:
Gunasekaran, A., & Ngai, E.W.T. (2008). Adoption of e-procurement in Hong Kong: An empirical research. International Journal of Production Economics, 113(1), 159-175.
Thai, K.V. (2009). International Handbook of Public Procurement. CRC Press.
NEW QUESTION # 110
Which of the following refers to the identification, analysis, determination, procurement and fulfillment of the goods and services an organization needs to meet short- and long-term objectives?
Answer: D
Explanation:
Demand management refers to the identification, analysis, determination, procurement, and fulfillment of the goods and services an organization needs to meet short- and long-term objectives. It involves understanding and managing customer demand to ensure that the organization can meet its operational and strategic goals efficiently. This process includes forecasting demand, managing resources, and coordinating supply chain activities to align supply with demand.
Reference:
Lysons, K., & Farrington, B. (2012). Purchasing and Supply Chain Management. Pearson Education.
Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation. Pearson Education.
NEW QUESTION # 111
A supply manager for JKL, Inc. has been asked to develop a risk management plan for suppliers. The supply manager has identified the sources of risk and the probability of occurrence. In order to develop a risk management process, the supply manager should NEXT
Answer: C
Explanation:
Risk Management Process:
Identifying sources of risk and their probability of occurrence is the initial step.
Next Step - Estimating Impact:
Estimating the Likely Impact: Assessing the potential consequences of identified risks to understand their severity and prioritize mitigation efforts.
This involves evaluating how risks could affect project outcomes, financial performance, and operational stability.
Subsequent Steps (for context):
Developing a Risk Profile: Creating a comprehensive overview of risks, their likelihood, and impact.
Allocating Resources: Based on the risk profile and impact assessment.
Executing Strategy: Implementing the risk management plan once all factors are considered.
Conclusion: Estimating the likely impact is crucial to develop an effective risk management process, ensuring appropriate resources and strategies are applied.
Reference:
"The Essentials of Risk Management" by Michel Crouhy, Dan Galai, and Robert Mark ISO 31000 standards on risk management
NEW QUESTION # 112
DEF, Inc. is a large global manufacturer. Two of DEF's supply managers, who are located in offices in different countries, are assigned to lead a new product development team. The team is to be comprised of two stakeholders from each of the supply managers' locations. The supply managers, as well as their respective departments, have had some friction between them in the past, and there is concern they will not be able to work together effectively on this project. Of the following, the BEST approach for assigning stakeholders to the team would be for the supply managers to
Answer: A
Explanation:
* Conflict Resolution: Given the history of friction between the supply managers and their departments, a collaborative approach is necessary to prevent further conflict and ensure effective teamwork.
* Joint Decision Making: By creating a list of stakeholders from each location and making the selections together, the supply managers can ensure that the team is balanced and that all perspectives are considered. This collaborative approach fosters a sense of shared ownership and mutual respect.
* Stakeholder Involvement: Involving both managers in the selection process ensures that the chosen stakeholders are acceptable to both parties, reducing the likelihood of bias and increasing the commitment of all team members.
* Building Trust: Working together to select stakeholders can help build trust and improve the working relationship between the supply managers, setting a positive tone for the project.
* Reference: This approach aligns with best practices in team building and conflict resolution as discussed in leadership and management literature, including works like "The Five Dysfunctions of a Team" by Patrick Lencioni and guidelines from the Project Management Institute (PMI).
NEW QUESTION # 113
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