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ISM LEAD New APP Simulations | Exam LEAD Braindumps

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ISM LEAD Exam Syllabus Topics:

Topic
Details

Topic 1

Corporate Social Responsibility and Ethics: This domain covers incorporating ethical and sustainable practices into decision-making and supply chain processes.

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.

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Hot LEAD New APP Simulations 100% Pass | Pass-Sure Exam LEAD Braindumps: Leadership and Transformation in Supply Management

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ISM Leadership and Transformation in Supply Management Sample Questions (Q158-Q163):

NEW QUESTION # 158
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. Inventory turns
B. Total cost
C. Purchase price
D. Delivery to schedule

Answer: B

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 # 159
A government entity emphasizes that preference be given to businesses owned by individuals with disabilities.
This organization's actions can be BEST characterized as

A. attempting to realize cost savings
B. allowing bias to affect sourcing decisions
C. furthering socioeconomic goals
D. creating a level playing field

Answer: C

Explanation:
The government entity's emphasis on giving preference to businesses owned by individuals with disabilities is best characterized as furthering socioeconomic goals.
Socioeconomic Goals: These include promoting social equity and inclusion by supporting disadvantaged or underrepresented groups in business. This helps create opportunities and support economic development for these communities.
Policy Implementation: Such actions reflect policies designed to address social issues and promote diversity within the marketplace, contributing to a more equitable economic environment.
Reference:
Carroll, A,B. (1991). The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business Horizons.
Freeman, R,E. (1984). Strategic Management: A Stakeholder Approach. Pitman.

NEW QUESTION # 160
When prioritizing a supply management department's goals and objectives for the coming year, the department should place the MOST emphasis on which of the following?

A. Key items identified by the business unit planning process
B. First priorities in the functional planning process
C. Ways in which the department can support the organization
D. Goals that will have greatest impact on the department

Answer: C

Explanation:
* Alignment with Organizational Goals: The supply management department's goals and objectives should align with and support the overall strategic goals of the organization.
* Impact on Business Success: Prioritizing ways the department can support the organization ensures that supply management activities directly contribute to the company's success and competitive advantage.
* Functional Integration: This approach fosters better integration and collaboration between the supply management department and other business units, leading to more cohesive and effective operations.
* Strategic Focus: Emphasizing organizational support ensures that the department's goals are strategic rather than merely operational or departmental, driving broader business impact.
* Reference: Strategic management literature, including "Strategic Management: Concepts and Cases" by Fred R. David and resources from the Balanced Scorecard Institute, support the importance of aligning departmental goals with organizational objectives.

NEW QUESTION # 161
A firm's procurement department significantly exceeds its established goals two years in a row. Senior management is concerned the goals are too easy and asks the supply manager to determine if procurement team members are being adequately challenged. Which of the following is the BEST course of action for the supply manager to take in order to assess the situation and provide a suitable answer to management?

A. Verify with internal customers that team members goals are aligned with business goals
B. Review the job descriptions for each procurement role to validate that the descriptions are accurate
C. Conduct a 360-degree feedback survey to measure the level of employee engagement and job satisfaction
D. Work with the finance department to set more challenging goals for the procurement team

Answer: A

Explanation:
Situation Analysis:
The procurement department has exceeded its goals, raising concerns about the adequacy of these goals.
Senior management questions whether the team is being adequately challenged.
Assessing Goals and Challenges:
360-Degree Feedback: Useful for employee engagement but may not address goal alignment.
Reviewing Job Descriptions: Ensures roles are well-defined but does not address goal difficulty.
Setting More Challenging Goals with Finance: Important but secondary to understanding current goal alignment.
Verifying with Internal Customers: Ensures procurement goals support broader business objectives and challenges.
Best Course of Action:
Verifying with Internal Customers: Confirms that procurement goals align with business objectives and identifies areas for more challenging targets.
Conclusion: Ensuring alignment with internal customers provides a comprehensive understanding of whether current goals are appropriate and where adjustments might be needed.
Reference:
"The Balanced Scorecard: Translating Strategy into Action" by Robert S. Kaplan and David P. Norton Performance management best practices from the Society for Human Resource Management (SHRM)

NEW QUESTION # 162
Under which of the following circumstances is the effectiveness of a project team MOST likely to be enhanced?

A. When the team leader has clear authority and knowledge of subjects discussed
B. When the team members are willing and able to make ongoing time commitments
C. When the team leader feels comfortable working independent of outside relationships
D. When the team members are collectively responsible for reaching the team's goals

Answer: D

Explanation:
The effectiveness of a project team is most likely to be enhanced when the team members are collectively responsible for reaching the team's goals. Shared responsibility fosters collaboration, accountability, and commitment to the team's objectives.
Shared Responsibility: When team members feel collectively responsible, they are more likely to collaborate, share knowledge, and support each other in achieving the team's goals.
Accountability: Collective responsibility ensures that all members are accountable for the team's success, which can enhance motivation and engagement.
Team Cohesion: This approach promotes a sense of ownership and belonging among team members, leading to higher levels of trust, communication, and teamwork.
Reference:
Katzenbach, J.R., & Smith, D.K. (1993). The Wisdom of Teams: Creating the High-Performance Organization. Harvard Business Review Press.
Hackman, J.R. (2002). Leading Teams: Setting the Stage for Great Performances. Harvard Business Review Press.

NEW QUESTION # 163
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