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Here are sample ISM Supply Management Integration (INTE) Exam questions from real exam. You can get more ISM CPSM (INTE) Exam premium practice questions at TestInsights.
Question 1
Which of the following buying strategies refers to planning inbound material purchases and flows without the need for significant inventory levels7
Correct : A
Buying to requirements involves planning purchases based on actual needs, minimizing inventory levels. This strategy supports lean inventory practices and reduces carrying costs, aligning procurement with just-in-time principles to enhance efficiency and responsiveness in supply chain operations.
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Question 2
An ERP purchasing module indicates a gross requirement of 100 units for part number A123. There is an open purchase order for 55 units. The item master for this supplier shows an order lot size of 30 units each. In this situation, how many units of this part will the exception report indicate should be ordered7
Correct : C
With a gross requirement of 100 units and an open order for 55 units, 45 additional units are needed. Given the lot size of 30 units, the exception report would indicate ordering 45 units to meet the requirements.
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Question 3
A firm has a 50% chance of receiving its daily purchases of fresh bread from a supplier in the event a regional flooding incident. The supply manager approaches two suppliers in geographic locations less likely to be disrupted by the event, and both agree to be ad-hoc suppliers. Their likelihoods of supplying in the event of the flood incident are 75% and 80% respectively. If the flooding event occurs, purchases would be sought from all three companies. Based on this information, what is the probability of the firm being supplied fresh bread during a major regional flooding event'
Correct : D
The probability of receiving supplies from at least one supplier is calculated by considering the complementary probabilities of not receiving from each. The formula used is 1 - (1 - 0.5) (1 - 0.75) (1 - 0.8), resulting in a 99.5% probability of supply during the event.
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Question 4
A cell phone retailer experiences excess inventory of a particular model due to errors in demand forecasting. In addition, remorse returns of this model are greater than anticipated. Which of the following is the BEST course of action the company can take to recover value from these assets?
Correct : A
Conducting an online auction is an effective strategy for rapidly liquidating excess inventory and remorse returns. This approach maximizes recovery value by reaching a broad audience of potential buyers in the secondary market, addressing inventory concerns promptly and efficiently.
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Question 5
A graph of a firm's inventory replenishment system reveals the following:
Which of the following is TRUE'
Correct : D
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. Reference:
* 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.
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