RELIABLE LEAD EXAM SAMPLE - RELIABLE LEAD BRAINDUMPS FILES

Reliable LEAD Exam Sample - Reliable LEAD Braindumps Files

Reliable LEAD Exam Sample - Reliable LEAD Braindumps Files

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Tags: Reliable LEAD Exam Sample, Reliable LEAD Braindumps Files, LEAD Valid Dumps Demo, Reliable LEAD Exam Tutorial, LEAD New Dumps Questions

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ISM LEAD Exam Syllabus Topics:

TopicDetails
Topic 1
  • People Development and Coaching: In this section, focus is on nurturing talent and fostering skills growth within the supply management team.
Topic 2
  • Corporate Social Responsibility and Ethics: This domain covers incorporating ethical and sustainable practices into decision-making and supply chain processes.
Topic 3
  • Systems Capability and Technology: This domain covers developing talent and expanding skill sets among the supply management group members.
Topic 4
  • Strategy Development: This section covers creating and carrying out long-term supply management plans to meet organisational objectives.

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ISM Leadership and Transformation in Supply Management Sample Questions (Q40-Q45):

NEW QUESTION # 40
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?

  • A. "Do the skills learned in the courses support organizational goals?"
  • B. "Are the instructors appropriately certified to teach the subject matter?"
  • C. "Are the costs of training reasonable compared to the results?"
  • D. "Is the participation rate reasonable considering the total number of employees?"

Answer: A

Explanation:
* Evaluation Focus: When evaluating training courses, the primary concern should be whether the skills taught align with and support the organization's strategic goals and objectives.
* Alignment with Goals: Ensuring that training programs are aligned with organizational goals guarantees that the training contributes to the company's overall success and effectiveness.
* Importance of Relevant Skills: Training programs that teach relevant skills enhance employee performance and ensure that the workforce is equipped to meet the company's needs.
* Reference: Training and development best practices, as outlined in resources such as "Employee Training & Development" by Raymond A. Noe and the guidelines from the Association for Talent Development (ATD), emphasize the importance of aligning training with organizational goals.


NEW QUESTION # 41
Using an outsourced freight firm's transportation services rather than delivering products to customers directly is an example of which of the following risk management strategies?

  • A. Avoidance
  • B. Assumption
  • C. Mitigation
  • D. Transference

Answer: D

Explanation:
* Risk Management Strategy: Using an outsourced freight firm's transportation services transfers the risk associated with transportation from the company to the outsourced provider.
* Definition of Transference: Risk transference involves shifting the responsibility and consequences of a risk to another party, often through contracts or insurance.
* Application: By outsourcing transportation, the company relies on the freight firm to manage and mitigate risks related to delivery, such as delays, damage, or loss of goods.
* Benefits: This strategy can reduce the company's direct exposure to transportation risks and leverage the expertise and resources of specialized freight firms.
* Reference: Risk management frameworks, such as ISO 31000 and the PMBOK Guide, discuss risk transference as a viable strategy for managing specific types of risks by shifting them to third parties.


NEW QUESTION # 42
A supply manager conducts an audit of a supplier for a proprietary material and finds safety deficiencies in the supplier's plant. Which of the following is the FIRST course of action the supply manager should take?

  • A. Qualify an alternate supplier to manufacture the proprietary material
  • B. Notify the supplier of the contract breach and provide a thirty day period to cure
  • C. Work with the supplier to improve working conditions
  • D. Source a substitute product for the proprietary material

Answer: C

Explanation:
When safety deficiencies are found in a supplier's plant, the first course of action should be to work with the supplier to improve working conditions. This collaborative approach helps address safety issues while maintaining the supplier relationship and ensuring continuity of supply. Leadership and transformation management principles advocate for working with suppliers to achieve mutual improvements and fostering long-term partnerships. This approach not only helps rectify the immediate issues but also strengthens the overall supply chain by promoting better practices and compliance with safety standards. Reference from transformation management documents highlight the importance of cooperation and continuous improvement in supplier management to enhance overall supply chain resilience and performance.
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NEW QUESTION # 43
A supply manager attends a professional association conference and meets with several supply management colleagues working in related industries. The discussion turns to specific suppliers they have in common, including prices and negotiation experiences. Which of the following is the MOST important reason the supply manager should refrain from this discussion?

  • A. Giving away negotiation tactics could adversely affect the organization.
  • B. Revealing supplier information might damage relationships.
  • C. Topics may violate anti-trust laws or be considered restraint of trade.
  • D. Corporate ethics policies could be compromised.

Answer: C

Explanation:
The most important reason the supply manager should refrain from discussing specific suppliers, prices, and negotiation experiences is that these topics may violate anti-trust laws or be considered restraint of trade.
Anti-Trust Laws: These laws are designed to prevent anti-competitive practices and promote fair competition. Discussing prices and negotiation experiences with colleagues from related industries can be seen as collusion, which is illegal under anti-trust regulations.
Restraint of Trade: Such discussions can lead to agreements that restrict competition, such as price-fixing or bid-rigging, which are considered illegal restraints of trade.
Legal Implications: Engaging in these discussions can expose the supply manager and their organization to severe legal consequences, including fines, penalties, and damage to reputation.
Reference:
United States Department of Justice. (2021). Antitrust Laws and You. [Online]. Available: https://www.justice.gov/atr/antitrust-laws-and-you Kolasky, W.J. (2002). Coordinated Effects in Merger Review: From Dead Frenchmen to Beautiful Minds and Mavericks. Antitrust Law Journal, 69(1), 43-74.


NEW QUESTION # 44
DEF Company acquires MNO, Incorporated. The new firm's chief procurement officer (CPO) is tasked with consolidating duplicate components under one supplier for the lowest total cost. The CPO plans to use the firms' combined cognitive procurement system to complete this task. Which of the following will this system MOST likely yield in order to aid the CPO?

  • A. The financial strength of the suppliers providing the components
  • B. The demand for the components for both DEF and MNO
  • C. The price, quality, performance and reliability of the components and the suppliers
  • D. The level of risk posed by each supplier based on location and disaster recovery plans

Answer: C


NEW QUESTION # 45
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