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A supply manager is part of a ramp-up team for a new product line. The supply manager's role will include finding and evaluating new sources and obtaining commitments to support the volume projected by marketing.
In recent campaigns, sales forecasts have been considerably higher than actual demand, and the supply manager wants to minimize the risk of such a situation happening again. Which of the following arguments made by the supply manager will MOST likely influence the team to re-examine product launch expectations?

• A."The company may experience involuntary down time if suppliers cannot keep up with production needs."
• B."An overly optimistic forecast may result in costly excess inventory and obligations."
• C."Supplier quality problems could mean the company misses the critical time-to-market window."
• D."Cost overruns on unfamiliar materials might cause suppliers to raise prices. '

A firm engaging in low-cost country sourcing wants to assume the least amount of risk when importing goods into its own country. Which of the following Incoterms 2020 rules would be MOST useful in achieving this goal7

• A.DAP
• B.EXW
• C.CFR
• D.CPT

XYZ, Inc. notices that one of its suppliers has been failing to achieve on-time delivery, even though XYZ sends it a 6-month projected order forecast every month. The supplier claims that it takes nine months to receive important raw materials, and that this causes the poor delivery performance. Nevertheless, XYZ must continue purchasing from this supplier, as it is a sole supplier. Given this situation, which of following is the BEST course of action for XYZ to take?

• A.Request that the supplier submit an open order report on a weekly basis with details on the latest shipment status
• B.Send the 6-month forecast data weekly instead of monthly to the supplier, and request it purchase raw materials based on the projections
• C.Discuss the issue with engineering to determine if the firm can use different raw materials to manufacture the product
• D.Extend the forecast timeline from six months to one year, and request the supplier purchase raw materials based on the projections

A manufacturer has facilities around the world and purchases steel from various global markets. The firm uses decentralized purchasing, with a procurement team in each of its various markets. Management would like to see a corporate approach to steel procurement. Which of the following should the firm's supply manager recommend?

• A.A corporate steering committee to advise on strategy and act as a liaison with major suppliers
• B.A sourcing committee with a representative from each market, to facilitate global steel strategy
• C.Regional procurement groups that focus on steel negotiations and strategies for each market
• D.A lead business unit for steel, to interface and handle procurement and strategy for each market

Selection of a supplier takes place during which of the following phases of the project management process?

• A.Project initiation
• B.Project execution
• C.Project monitoring and control
• D.Project planning