Free HBX CORe Exam Dumps Questions & Answers

A company currently has contracts with several temporary labor suppliers with detailed requirements for the same skill set. The hourly rates charged by each of these suppliers vary widely. The firm wants to have all temporary labor services provided by one supplier at the lowest possible cost. Given this situation, which of the following is the BEST course of action for the firm to take?

• A.Issue a request for proposal (RFP) to preselected suppliers
• B.Negotiate for lower pricing with one of the suppliers
• C.Conduct a reverse auction with a clear statement of work
• D.Transition the services to direct employees

GHI, Inc. manufactures and sells high-end headphones. Each pair of headphones is packaged with a kit of customizable parts. GHI sources these customizable parts from a specialty supplier. Recently, GHI received a shipment of the parts from the supplier, and although the materials arrived on time, they were not bagged and labeled individually as the contract requires, but rather arrived in bulk.
GHI needs the parts as soon as possible to complete its holiday orders. Given this situation, which of the following is the BEST course of action for GHI's supply manager to take?

• A.Send GHI's quality team to the supplier's facility
• B.Have the parts properly packaged with the supplier's agreement to cover the costs
• C.Return the materials as nonconforming items for replacement
• D.Refuse to pay any invoice until the supplier corrects the mistake by repackaging the materials

A supply manager for an electronics distributor is asked to buy new routers for the company's wireless network. The supply manager is provided with a detailed scope of work and a list of potential bidders.
However, the firm is also interested in investigating alternative solutions available on the market. The original equipment was purchased over 5 years ago and the budget is unknown, but it is roughly estimated at $250,000.
Given these circumstances, the MOST appropriate approach for the supply manager would be to issue which of the following?

• A.Request for proposal
• B.Invitation to bid
• C.Request for quote
• D.Request for information

Which of the following refers to the process of generating information about the types of items sourced and their cumulative dollar value, to use for strategic and operational purchase planning?

• A.Cost analysis
• B.Regression analysis
• C.Spend analysis
• D.Portfolio analysis

BCD Inc. is in the early stages of selecting a new procure to pay (P2P) system, which is expected to add efficiencies and reduce transaction costs. Which of the following is the BEST way for supply management to participate in the selection of this system?

• A.Ensure that BCD's IT department understands the top suppliers' requirements for integration
• B.Construct a detailed list of transaction types and estimated processing times
• C.Consult with key suppliers to learn their requirements for integration
• D.Conduct a survey to learn what transactions are regarded as cumbersome