Free HBX CORe Exam Dumps Questions & Answers

Which of the following refers to a method of formally evaluating suppliers, conducting site visits, and providing supplier training?

• A.Supply chain management
• B.Supplier development
• C.Supplier partnership
• D.Early supplier Involvement

Supplier X provides software critical to production at EFG Corporation. Supplier X informs EFG that the software version it currently uses will no longer be supported and recommends an upgrade to a newer version.
However, EFG is very pleased with the performance of the current version, and the costs for upgrading are prohibitive at this time. EFG wants to find incentives for Supplier X to continue supporting EFG's needs. In this situation, which of the following would be the BEST course of action for EFG to take?

• A.Request Information on the newer software version to persuade top management of its value
• B.Contact EFG's legal department to review the liquidated damages clause in the contract with Supplier X
• C.Stress that failure to offer support will result in negative references for Supplier X
• D.Identify additional business opportunities for Supplier X at EFG, as part of their ongoing relationship

The chief procurement officer (CPO) for a large hospital system is planning to implement a new e-sourcing system. Satellite clinics and specialty centers will be authorized to process small orders through this system, rather than sending requests to the central supply management department, as has been done in the past. Which of the following actions by the CPO will MOST likely support a successful implementation of this system?

• A.Building a team of potential users to help define needs
• B.Providing regular progress reports to top management
• C.Scheduling on-site demonstrations of leading software systems
• D.Visiting similar organizations to see how their systems operate

A sourcing manager is evaluating the following bids:
Quality ScoreCost
Supplier 190$100,000
Supplier 290$104,000
Supplier 3100$105,000
Supplier 4100$110,000
To score the cost attribute, the company with the lowest cost is awarded 100 points. The remaining companies lose 1 point for every 1% in higher costs. The overall weighting for the score is 50% quality and 50% cost.
Which supplier should be awarded the contract?

• A.Supplier 2
• B.Supplier 4
• C.Supplier 3
• D.Supplier 1

A company that makes specialized equipment for a very competitive industry relies on several critical engineered imported components. The components present a high degree of risk that could impact the future growth of the company. Given this situation, which of the following is the BEST course of action for the buying organization to take when preparing for negotiations with suppliers?

• A.Require suppliers to provide risk insurance, with the buying organization listed as contingency beneficiary
• B.Change sources of any components or raw materials that are imported from high-risk countries
• C.Determine with senior management and internal stakeholders the acceptable levels of risk for each product
• D.Ask suppliers to analyze potential sources of risk for all components and raw materials