Free HBX CORe Exam Dumps Questions & Answers

Which of the following is MOST important to address in an exit plan when an organization Is transitioning to a new supplier?

• A.Determining how assets will be transferred or sold
• B.Ensuring continuity of supply
• C.Defining ownership and destruction of data
• D.Identifying how costs will be shared

PQR's supply manager signs a contract with Supplier X for delivery of parts totaling $1,250,000 per year for four years. Accompanying the contract is a copy of the organization's signing policy, which states that supply managers have authority to execute contracts up to $1,000,000 per year. Supplier X questions the discrepancy, but is told verbally by the supply manager that the policy has changed, and supply managers now have a
$1,500,000 per year signing limit for up to five years.
Senior management at PQR discovers the supply manager's misstatement and tries to disavow the contract.
This attempt will likely be

• A.successful, as the supplier should have respected the written signing policy
• B.unsuccessful, because the supply manager's verbal statement represents a binding agreement
• C.unsuccessful, as the supply manager's status and statement constitute apparent authority
• D.successful, provided the disavowal occurs within three business days of contract signing

A buying company concludes the request for proposal (RFP) process and signs a contract for its primary logistics provider. Company policy requires that the supply manager notify and debriefall unsuccessful bidders. During these debriefings, one of the bidders-Supplier X- states that it will offer a price discount lower than that of the successful bidder. Supplier X's proposal is very strong, and the firm has a track record of success with the buying company. Given this situation, which of the following is the BEST course of action for the supply manager to take?

• A.Escalate Supplier X's proposal to executive management
• B.Withdraw the award from the selected bidder and re-award the contract to Supplier X
• C.Re-open the RFP for all suppliers to re-submit proposals
• D.Reject Supplier X's offer

A supply manager is working with multiple management layers to create a procurement policy. Which of the following should the supply manager do FIRST in order to ensure that this policy is successfully adopted by the organization?

• A.Engage business unit sponsors to ensure adoption throughout the organization
• B.Host a meeting with key external suppliers to understand engagement for policy adoption
• C.Verify that senior management approves and distributes the policy to the organization
• D.Host a meeting with key internal stakeholders to review the proposed policy

A buyer finds an opportunity to reduce costs for a particular service through competitive bidding. The buyer issues a request for quotation (RFQ) to prequalified suppliers. However, the statement of work is incomplete, and not clear enough to get an accurate price for the service. Which of the following is the BEST course of action for the buyer to take in order to get a proper statement of work included in the RFQ?

• A.Contact the stakeholders and coordinate the improvement of the existing statement of work
• B.Send an email to stakeholders asking them to review and update the current statement of work
• C.Gather information on the service and prepare a new statement of work
• D.Send an email to stakeholders and request a new statement of work