LEAD Exam Study Guide Free Practice Test LAST UPDATED DATE Oct 31, 2024 [Q48-Q63]

NEW QUESTION 48
An organization institutes a program whereby employees visit a local high school to meet with students and introduce them to careers in business. This firm is likely to be one that has a

NEW QUESTION 49
Which of the following is typically viewed by management as the MOST important benefit of succession planning?

NEW QUESTION 50
UVW, Inc. and Supplier Y have enjoyed a healthy long-term relationship. The two organizations routinely share information and jointly support continuous improvement.
In recent months, UVW and Supplier Y’s sales, supply management, and engineering teams have been co-developing a new product that would position them uniquely in their market segment. Price and terms have been agreed upon, and the contract is now in its final stages. However, when UVW’s team presents the finalized deal to its senior management, they express displeasure with Supplier Y, and the deal is put on hold until further evaluation.
Which of the following is the MOST likely reason this occurred?

NEW QUESTION 51
A supply manager is evaluating the firm’s supply management training courses developed for non-department staff. Which of the following should the supply manager address FIRST when evaluating these courses?

NEW QUESTION 52
An organization’s management team requires each department head to submit information highlighting its contributions and justifying staffing levels. The firm’s supply manager is a member of this management team. Which of the following would be the MOST effective way for the supply manager to communicate how supply management’s value-added services support the organization’s objectives?

NEW QUESTION 53
DEF Inc. is a mid-sized manufacturing company. In recent years, the products DEF manufactures have depended on goods and services that are more complex than those in the past. As a result, the company needs to rely on suppliers located at longer distances, increasing the need for managing risks. In response, DEF’s supply management team begins a comprehensive risk-planning effort. The team analyzes their current situation and gauges the impact of supply disruptions. Which of the following should the team do NEXT?

NEW QUESTION 54
RST, Inc. has the following mission statement:
“RST seeks to provide the optimum combination of value pricing and consistent quality for its customers through innovative production processes.
Which of the following elements of RST’s supply management department’s strategic plan will BEST support this mission statement?

NEW QUESTION 55
A company finds that its overall customer base is becoming more diverse. The firm is concerned about the lack of diversity in its supply base and the potential for reputational risk should this lack of supplier diversity become public knowledge. Given this situation, which of the following is the BEST course of action for the firm to take?

NEW QUESTION 56
A commodity manager and a salesperson from a major supplier have worked together for many years and have developed a cordial relationship. The salesperson sends the commodity manager two VIP tickets to a golf tournament. Which of the following is the MOST appropriate way for the commodity manager to respond to this gift?

NEW QUESTION 57
An internal audit at FGH, Inc. reveals that a long-term supplier is charging labor rates not aligned with current contractual pricing. FGH has a significant amount of trust in this supplier and does not believe the supplier intended to act unethically. In this situation, which of the following should be the FIRST step pursued by FGH to correct the discrepancy?

NEW QUESTION 58
A supply management department has recently received resignations from several important staff members. Exit interviews indicate that the primary reason for the staff members’ departure was frustration over their expertise not being valued. They also viewed their work as repetitive and not an efficient use of their time or effort. Which of the following would be the BEST way for the department manager to improve this situation?

NEW QUESTION 59
A company restructures its supply management department by creating commodity management teams with representatives from procurement, engineering, quality and production. These new teams have complete responsibility for their assigned commodities, including sourcing, quality, inventory planning and risk/cost management. Six months later, there is significant progress in a few commodity areas, but some teams are still not working smoothly together. To assess the impact of the commodity teams, which of the following measurements will offer the MOST useful information?

NEW QUESTION 60
Which of the following requires a working knowledge of payback and net present value?

NEW QUESTION 61
Which of the following is considered a “right-to-know” requirement concerning hazardous substances?

NEW QUESTION 62
A legal hold order prohibits the deletion or destruction of

NEW QUESTION 63
A supply management department is frequently cited by auditors for noncompliance with internal controls, even though the department continually tries to improve its performance. Which of the following should the department manager do FIRST to address this situation?