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100% Pass Quiz ISM - CORe - Latest Supply Management Core Exam Exam Discount Voucher

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Passing the HBX CORe Final Examination is a significant achievement and is recognized by Harvard Business School with a certification of completion. Supply Management CORe Exam certification is a valuable addition to any resume and can help students stand out in a competitive job market. It demonstrates to prospective employers that the student has a solid understanding of business concepts and is committed to ongoing learning and professional development.

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Quiz 2025 ISM - CORe - Supply Management Core Exam Exam Discount Voucher

Like other ISM examinations, the CORe exam preparation calls for a strong preparation and precise CORe practice material. Finding original and latest 121 exam questions however, is a difficult process. Candidates require assistance finding the CORe updated questions. It will be hard for applicants to pass the ISM CORe exam on their first try if Supply Management Core Exam questions they have are not real and updated.

What is the duration, language, and format of the HBX CORe Exam

Type of Questions: Single and Multiple Choice.
Passing score: 70%
Length of Examination: 120 minutes
Language: English
Number of Questions: 60

ISM Supply Management Core Exam Sample Questions (Q81-Q86):

NEW QUESTION # 81
Questions pertaining to standardizing products, reducing the number of suppliers, and combining volumes to attain better pricing are BEST addressed by which of the following?

A. Category strategy
B. Category action plan
C. Spend analysis
D. ERP system

Answer: A

Explanation:
A category strategy involves analyzing and managing specific categories of products or services to achieve better pricing, quality, and supplier relationships. By standardizing products, reducing the number of suppliers, and combining volumes, the company can leverage its purchasing power to negotiate better terms and conditions. This approach is comprehensive and strategic, focusing on optimizing procurement and supply chain management for specific categories.
References
* CIPS (Chartered Institute of Procurement & Supply). Category Management in Procurement.
* ISM (Institute for Supply Management). Strategic Sourcing and Category Management.

NEW QUESTION # 82
On an income statement, net sales minus cost of goods sold equals:

A. gross profit.
B. pretax profit.
C. net income.
D. operating income.

Answer: A

NEW QUESTION # 83
UVW, Inc. issues a Request for Quotation (RFQ) for urgently-needed safety equipment. The equipment must be installed immediately in order to keep the firm in compliance with safety regulations. UVW is contacted by a small, minority-owned company which asks for two more weeks to submit its quotation, as its technical expert is out sick. In this situation, which of the following is the MOST appropriate course of action for UVW to take?

A. Return all quotations and issue a new RFQ
B. Inform the supplier that quotations must be received by the due date in order to be considered
C. Extend the RFQ due date and notify all suppliers of the extension
D. Accept other quotations as scheduled and set aside a portion of the award for the minority-owned supplier

Answer: C

NEW QUESTION # 84
During negotiations with a supply manager from FGH Inc., a supplier states that if FGH buys the 200 gigabyte version of its software package at a price of $700, the supplier will include a never-before-sold malware license valued at $147. FGH needs both the malware and the software package. If the supply manager agrees to the offer, FGH may claim a

A. cost avoidance
B. cost savings
C. cost reduction
D. cost variance

Answer: A

NEW QUESTION # 85
MNO Inc. is a U.S.-based manufacturing company that imports sub-assemblies from Asia and incorporates them into several products. The firm orders in large quantities to obtain the lowest price per unit, and then pulls the items as required to produce finished goods. MNO wishes to improve its cash flow and seeks ways to reduce the impact of import duties. Which of the following Is the BEST approach for the company to use?

A. Place goods in a bonded warehouse and delay duty payment
B. Obtain a temporary import bond
C. Review tariff classifications for potential savings opportunities
D. Apply for duty refunds when goods are exported

Answer: A

NEW QUESTION # 86
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