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Supply Management Integration

Last Update Oct 17, 2024
Total Questions : 167 With Methodical Explanation

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Last Update Oct 17, 2024
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CORE Total Questions : 312 Updated : Oct 17, 2024
LEAD Total Questions : 165 Updated : Oct 17, 2024

Supply Management Integration Questions and Answers

Questions 1

A firm has created the following process flow diagrams depicting two possible strategies for the production of a new product line. The triangles represent inventory, and the rectangles represent processing. Each of the two options start with the same raw materials, and both create the product through two stages of processing.

INTE Question 1

Which of the following statements is correct?

Options:

A.

Option B's customers are likely to wait longer before receiving the product.

B.

Option A's product will be equally as expensive to make as Option B's.

C.

Option A's product is customizable for customers.

D.

Option B's product is an example of delayed differentiation.

Questions 2

DFG Inc. has been experiencing declining sales in its consumer division. After analyzing its sales data, the company determines that racial and ethnic minorities are underrepresented as consumers of its products. DFG decides to focus on increasing its appeal to these groups. DFG's products are of excellent quality and value, and the firm believes that its sales are weak with this segment because of a lack of knowledge about DFG and its products.

Which of the following is the FIRST step that DFG should undertake?

Options:

A.

Publicize DFG’s supplier diversity program, which has grown in both the number of participating suppliers and the amount of materials purchased from diverse suppliers

B.

Hire a marketing and advertising firm that specializes in the minority consumer segment to build and monitor a program aimed at racial and ethnic minority customers

C.

Have DFG’s public relations group promote the firm's racially and ethnically diverse executive leadership in large media outlets

D.

While advertising the quality and value of their products, offer coupons via direct marketing that target minority communities

Questions 3

When executing a new project, which of the following is MOST important to a smooth transition?

Options:

A.

Technological skills

B.

Collaboration

C.

Change management

D.

Continuous improvement

Next Question