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Exam ISM INTE Exercise - INTE Latest Braindumps Book

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ISM INTE Exam Syllabus Topics:

Topic
Details

Topic 1

Logistics and Materials Management: This section covers knowledge of transportation modes, warehousing, and inventory management practices.

Topic 2

Sales and Operations Planning (SOP): This section covers sales and Operations Planning, Demand Planning, and Forecasting.

Topic 3

Project Management: This section covers applying project management principles to supply management activities.

Topic 4

Quality Management: This section covers understanding and applying quality management principles throughout the supply chain.

Topic 5

Supply Chain Strategy: This section deals with how to develop and implement material or service standardization programs and implement requirements planning to align supply management activities with organizational strategy.

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ISM Supply Management Integration Sample Questions (Q20-Q25):

NEW QUESTION # 20
Through cycle counting, a supply manager learns that inventory inaccuracies are being caused by errors made when received goods are entered into the company's enterprise business system. Which of the following is the FIRST course of action the supply manager should take to reduce these inaccuracies?

A. Form a process improvement team using quality management techniques to determine the cause of the errors and make recommendations for their elimination
B. Determine how the KPIs for receiving accuracy are being measured, and if there is a disconnect between the KPIs and the cycle count data
C. Review the warehouse personnel training materials to determine if there are any deficiencies, and develop a plan for making the necessary corrections
D. Implement verification steps as data are entered into the system, and review available data to determine the scope and depth of the issue

Answer: A

Explanation:
Forming a process improvement team using quality management techniques is the first course of action. This team can analyze the root causes of errors in data entry, using systematic methods to identify and eliminate inaccuracies, thereby improving the accuracy of inventory records.

NEW QUESTION # 21
A graph of a firm's inventory replenishment system reveals the following:

Which of the following is TRUE'

A. There is near instantaneous replenishment.
B. There is a fixed order quantity of 500 units.
C. The order cycle is two and a half days.
D. The average inventory is 1,850 units.

Answer: A

Explanation:
The graph shows inventory levels being replenished back to the maximum level immediately after reaching zero, indicating near-instantaneous replenishment. This is characteristic of a system where the lead time for orders is very short or negligible, allowing the firm to maintain optimal inventory levels without significant delay. This approach minimizes stockouts and ensures a con-tinuous supply of inventory. References:
*Stevenson, W. J. (2018). Operations Management. McGraw-Hill Education.
*Silver, E. A., Pyke, D. F., & Thomas, D. J. (2016). Inventory and Production Management in Supply Chains.
CRC Press.

NEW QUESTION # 22
A firm engaging in low-cost country sourcing wants to assume the least amount of risk when importing goods into its own country. Which of the following Incoterms 2020 rules would be MOST useful in achieving this goal7

A. CFR
B. DAP
C. CPT
D. EXW

Answer: B

Explanation:
In the context of low-cost country sourcing and minimizing risk when importing goods, the selection of appropriate Incoterms 2020 rules is crucial.
DAP (Delivered at Place) is the most suitable Incoterm for a firm wanting to assume the least amount of risk.
Under DAP, the seller is responsible for all costs and risks associated with delivering the goods to a specified destination, which includes transportation, export customs clearance, and any other logistical arrangements until the goods are made available for unloading at the buyer's location. This significantly reduces the buyer's risk as the seller handles most of the transportation and logistics.
Other Incoterms, such as:
* CFR (Cost and Freight): The seller pays for the cost and freight to bring the goods to the port of destination. However, the risk is transferred to the buyer once the goods are loaded on the vessel.
* CPT (Carriage Paid To): Similar to CFR, but can be used for any mode of transport. The seller covers transport costs to a specified destination, but the risk transfers to the buyer upon handing over the goods to the first carrier.
* EXW (Ex Works): The buyer assumes all risks and costs from the seller's premises onward, making it the highest risk for the buyer.
References:
* Incoterms 2020 by the International Chamber of Commerce (ICC)
* "A Guide to Incoterms 2020" by the International Trade Centre (ITC)

NEW QUESTION # 23
During an inventory review, a supply manager confirms that parts used for the maintenance of equipment sold during the previous year are still being stored in the warehouse. These parts cannot be used on current equipment. Which of the following BEST describes these parts'

A. Surplus
B. Expired
C. Obsolete
D. Excess

Answer: C

Explanation:
Parts that were used for maintenance of equipment sold in the previous year but cannot be used on current equipment are best described as obsolete. Obsolete inventory refers to items that are no longer usable or saleable due to advancements in technology or changes in market demand. These parts should be identified and removed from active inventory to free up space and reduce carrying costs. References:
*Heizer, J., Render, B., & Munson, C. (2017). Operations Management: Sustainability and Supply Chain Management. Pearson.
*Chopra, S., & Meindl, P. (2015). Supply Chain Management: Strategy, Planning, and Op-eration. Pearson.

NEW QUESTION # 24
A supplier of aircraft seating receives a forecast from a major aircraft manufacturer. The forecast information is considered confidential, and thus the supplier must sign a Non-Disclosure Agreement (NDA). Given this situation, which of the following is MOST likely to be protected by the NDA?

A. The name of the end customer submitting the request for bid
B. The start date of the project
C. The time frame expected for completion
D. The number of aircraft anticipated to be built

Answer: D

Explanation:
The number of aircraft anticipated to be built is most likely to be protected by the NDA. This information is sensitive as it relates directly to production forecasts and potential market demand, which can impact competitive positioning and business strategy.

NEW QUESTION # 25
......

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