Online Access Free INTE Exam Questions

Which of the following refers to the percentage of order requirements met through stock that is present on the shelf?

• A.Fill rate
• B.Inventory turnover
• C.Buffer stock
• D.Lead time

A company is designing a new warehousing strategy. The firm wants to hire the most qualified personnel, utilize the best technology, and minimize the repetition of inventory across operations. Which of the following warehousing strategies will be BEST suited toward attaining the organization's goals?

• A.Decentralized
• B.Third-party
• C.Hub and spoke
• D.Centralized

The supply manager for a semiconductor company receives an emergency phone call from the firm's factory manager, who states that the manufacturing equipment is down and that a replacement part is needed as soon as possible. The supply manager checks the stock for this part but finds nothing. In this situation, the supply manager should do which of the following?

• A.Perform a cost analysis to examine if it is better to expedite the part or wait for the part's scheduled arrival date
• B.Contact the equipment supplier and ask it to coordinate an expedited delivery of the part as soon as possible
• C.Ask the factory manager to perform an equipment failure analysis in order to understand the root cause of the equipment failure
• D.Verify with the warehouse manager if there is an extra spare part in stock that was not correctly registered in the stock database system

Which of the following is the MOST important reason for establishing and maintaining a supplier quality certification program?

• A.Certification programs keep suppliers focused on quality elements important to the customer.
• B.Quality champions from both the buyer and seller will have better opportunities to communicate.
• C.Supplier payments should be closely tied to maintaining quality standards.
• D.A supplier quality certification program is necessary for the development of a supplier scorecard.

Which of the following refers to the practice of buying a commodity on the open market for immediate delivery?

• A.Forward buying
• B.Speculative buying
• C.Spot buying
• D.Hedging