Absolute Free CORE Exam Practice for Comprehensive Preparation 

Which of the following is the MOST important reason for supply management to share company business plans with current and prospective suppliers?

An organization is preparing its budget for the next fiscal year. Management challenges the procurement teamto reduce MRO purchasing costs. The procurement team has reduced the janitorial services budget by 2.5%, but corporate management wants a 5% reduction. Which of the following is the BEST approach for the team to take in order to meet management's expectation?

A supply manager for TUV, Inc. receives a call from an internal stakeholder complaining that for the past several months, one of TUV's longtime suppliers has been late with shipments, disrupting production. The Internal stakeholder has left several messages with the supplier, which have all gone unanswered. The supply manager listens to the stakeholder's concerns and states that these recent occurrences are atypical for this supplier. The supply manager offers to set up a call with the internal stakeholder and the supplier to discuss the situation and determine how the parties can move forward. Which of the following BEST describes the supply manager's role in this situation?

Which of the following contract types is an agreement to pay a specified price when the items or services have been delivered and accepted?