Free HBX CORe Exam Dumps Questions & Answers

A supply manager Is leading a team in developing a strategic sourcing strategy for the company's corporate-wide desktop and laptop computer procurement. Several business unit managers get into a heated debate over the relative Importance and exposure of desktop computers for their specific business units. Some units consider the desktop computer to be a low risk/low value commodity, while others consider them to be high risk/high value critical items. How should the supply manager proceed?

• A.  Tell the business unit managers to come to an agreement on the risk and value assessment of the computers
• B.  Divide the desktop computers into two groups: one high risk/high value, and the other low risk/low value
• C.  Develop a desktop computer sourcing strategy based on medium risk and medium value
• D.  Conduct a regression analysis to more accurately assess the risk and value of the desktop computers

A company has recently moved to outsourcing and low-cost country sourcing for two key product lines, and the supply manager has seen some of the cost savings erode as the supply chain and related distances increase.
However, the supply manager is certain that by working with the new supply base, many of the savings previously earned could be regained, especially since raw material lead times have actually decreased in the marketplace, and cycle time in most offshore assembly plants has been reduced by 35%. Which of the following should be employed?

• A.  Supplier mentorship
• B.  Multi-tier purchase agreements
• C.  Supplier alliance development
• D.  Value chain analysis

IJK, Inc. is currently under contract with Supplier X to provide parts utilized in retail products manufactured by IJK. Demand for UK's products is expected to increase dramatically, and thus the firm's supply manager wants to explore possible cost savings. Supplier X has been a reliable supplier for many years and provides excellent quality, on-time service, and a willingness to work with UK on improvements. However, the supply manager believes Supplier X's price is too high, as a competitor is offering a lower price. Given this situation, which of the following is the BEST course of action for UK's supply manager to take?

• A.  Do nothing for the moment, but wait to see how much volume increases
• B.  Demand concessions from Supplier X
• C.  Meet with Supplier X with the intent of working to reduce costs
• D.  Transition to the competitor offering the lower price

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

A company recognizes a need for new and improved product offerings but does not have the necessary personnel or resources to accomplish this task. Which of the following is the MOST effective way for the firm to approach this problem?

• A.  Promote internal collaboration to find a solution
• B.  Implement Enterprise Resource Planning (ERP) throughout the organization
• C.  Seek opportunities for supplier collaboration and product innovation
• D.  Establish a competitive environment between suppliers to encourage the development of new products