ISM LEAD Examcollection Dumps, New LEAD Practice Materials

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ISM LEAD Exam Syllabus Topics:

Topic	Details
Topic 1	Strategy Development: This section covers creating and carrying out long-term supply management plans to meet organisational objectives.
Topic 2	Stakeholder Engagement: The section covers cooperating and communicating effectively with internal and external stakeholders impacted by supply chain choices.
Topic 3	Systems Capability and Technology: This domain covers developing talent and expanding skill sets among the supply management group members.
Topic 4	People Development and Coaching: In this section, focus is on nurturing talent and fostering skills growth within the supply management team.
Topic 5	Corporate Social Responsibility and Ethics: This domain covers incorporating ethical and sustainable practices into decision-making and supply chain processes.

ISM Leadership and Transformation in Supply Management Sample Questions (Q129-Q134):

NEW QUESTION # 129
A company restructures its supply management department by creating commodity management teams with representatives from procurement, engineering, quality and production. These new teams have complete responsibility for their assigned commodities, including sourcing, quality, inventory planning and risk/cost management. Six months later, there is significant progress in a few commodity areas, but some teams are still not working smoothly together. To assess the impact of the commodity teams, which of the following measurements will offer the MOST useful information?

A. Delivery to schedule
B. Purchase price
C. Total cost
D. Inventory turns

Answer: C

Explanation:
* Comprehensive Metric: Total cost is a comprehensive metric that includes all aspects of cost management, such as purchase price, inventory costs, quality costs, and logistics costs.
* Assessing Team Impact: Evaluating total cost allows the organization to assess the overall impact of the commodity management teams on the company's cost structure and financial performance.
* Holistic View: Unlike individual metrics like inventory turns, purchase price, or delivery schedules, total cost provides a holistic view of the efficiency and effectiveness of the commodity teams.
* Continuous Improvement: Monitoring total cost helps identify areas for improvement across the entire supply chain, facilitating continuous improvement initiatives and cost-saving strategies.
* Reference: The importance of total cost measurement is emphasized in supply chain management literature and best practices, such as those outlined in "Supply Chain Management: Strategy, Planning, and Operation" by Sunil Chopra and Peter Meindl, and guidelines from the Institute for Supply Management (ISM).

NEW QUESTION # 130
A supply manager meets with a group of external auditors presenting a draft of their report on the supply management function. Which of these findings should be of GREATEST concern to the supply manager?

A. "The organization chart does not include intermediate reporting levels."
B. "Teams are cited for their failure to meet performance criteria."
C. "Input from stakeholders has been given too much weight."
D. "General descriptions rather than detailed ones are used."

Answer: B

Explanation:
Among the findings presented by the external auditors, the greatest concern for the supply manager should be that "teams are cited for their failure to meet performance criteria." Performance Criteria: Failure to meet performance criteria indicates that the supply management teams are not achieving the expected standards and objectives. This can significantly impact the overall effectiveness and efficiency of the supply management function.
Accountability: Not meeting performance criteria suggests issues with accountability and could reflect poorly on management practices, training, and resource allocation within the supply management department.
Operational Impact: Persistent failure to meet performance criteria can lead to operational inefficiencies, increased costs, and potential disruptions in the supply chain.
Reference:
Kaplan, R.S., & Norton, D.P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Review Press.
Drucker, P.F. (1954). The Practice of Management. Harper & Row.

NEW QUESTION # 131
JKL, Inc. is considering a plan to divest one of its business units. As part of the due diligence process, JKL's supply manager is asked to determine what will have the most immediate impact on supply management when the business unit is divested. Given this situation, which of the following should the supply manager review FIRST?

A. Strategic contracts with assignability provisions
B. Contracts containing tiered discount schedules
C. Blanket purchase orders
D. Take-or-pay agreements

Answer: D

Explanation:
* Immediate Impact: Take-or-pay agreements obligate the company to take delivery of goods/services or pay a penalty. These agreements can have significant financial implications upon divestiture.
* Financial Commitments: Reviewing these agreements first helps understand immediate financial obligations and liabilities that will impact the supply management function.
* Divestiture Process: Identifying and managing these commitments is crucial during the due diligence process to ensure a smooth transition and avoid unexpected costs.
* Reference: Due diligence best practices in supply chain management (e.g., Deloitte and EY reports) emphasize the importance of reviewing binding financial agreements like take-or-pay contracts during divestitures.

NEW QUESTION # 132
The staff profile at IHG, Inc., a U.S. company, reveals the following:
Age Range 20-29 30-39 40-49 50-59 60 - over
Male 15 15 15 2 0
Female 1 1 1 0 0
Age Range 20-29 30-39 40-49 50-59 60 - over
Caucasian 10 14 14 2 0
Hispanic 4 1 1 0 0
African American 2 1 1 0 0
Due to expanding operations, IHG has decided to conduct a search for a new junior level purchasing professional. In the past, the company advertised positions on its web site, and while this was successful, it did not yield a very diverse applicant pool.
Which of the following should the company do when seeking applications for this new position?

A. Advertise the position in the professional purchasing channels, and ensure that the ad states a minority candidate will be selected for the position
B. Advertise the position through the company website, as this has proven successful in the past, and ensure the criteria are tailored to select the best person for the job
C. Advertise the position in channels that will encourage female, Hispanic, African American and aged applicants, and ensure the criteria are tailored to select the best person for the job
D. Advertise the position in channels that will encourage female, Hispanic, African American and aged applicants, and ensure the ad states that a minority candidate will be selected for the position

Answer: C

Explanation:
To increase diversity in the applicant pool for a new junior level purchasing professional position, IHG, Inc. should advertise in channels that reach a diverse audience, including females, Hispanics, African Americans, and aged applicants. This approach ensures that the company attracts a broad range of candidates, thereby enhancing diversity. However, it is also crucial to tailor the criteria to select the best person for the job, ensuring that the hiring process remains merit-based and focused on selecting the most qualified candidate. Leadership and transformation management documents underscore the importance of diversity and inclusion in recruitment strategies, while also emphasizing the need for maintaining high standards and fairness in the selection process. Reference from these documents provide best practices for achieving diversity without compromising on the quality of hires.

NEW QUESTION # 133
A company is facing growing pressure to reduce costs by finding less expensive suppliers of raw materials offshore. However, the sourcing team has little experience with offshore suppliers. To prepare the team, which of the following actions by the supply manager will have the GREATEST impact?

A. Obtaining approval for new positions with higher experience requirements
B. Restructuring the department to concentrate on priority material categories
C. Using diagnostic tools to target specific training needs for the staff
D. Revising performance evaluation criteria to emphasize cost savings

Answer: C

Explanation:
The supply manager should use diagnostic tools to target specific training needs for the staff to have the greatest impact. Here's a detailed explanation:
Using Diagnostic Tools:
Identifying Skill Gaps: Diagnostic tools can help identify specific areas where the sourcing team lacks experience, particularly with offshore suppliers.
Tailored Training Programs: By pinpointing precise training needs, the supply manager can develop targeted training programs that address these gaps effectively.
Why Not Other Options?
Obtaining approval for new positions with higher experience requirements (A): This may be time-consuming and does not address the immediate need for developing current staff.
Revising performance evaluation criteria to emphasize cost savings (B): While important, it does not directly prepare the team for working with offshore suppliers.
Restructuring the department to concentrate on priority material categories (D): This is a broader organizational change that may not directly impact the team's skill development for offshore sourcing.
Reference:
The role of diagnostic tools in identifying training needs (Kirkpatrick, D.L., Evaluating Training Programs, 1994).
Best practices for training and development in supply chain management (APICS, Supply Chain Operations Reference Model).

NEW QUESTION # 134
......

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ISM LEAD Examcollection Dumps, New LEAD Practice Materials

LEAD Examcollection Dumps｜100% Pass｜Latest Questions

ISM LEAD Exam Syllabus Topics:

ISM Leadership and Transformation in Supply Management Sample Questions (Q129-Q134):

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