Online Access Free LEAD Exam Questions

A new supply manager with little experience in procure-to-pay (P2P) systems is looking to evaluate software options for the company. Which of the following is the BEST course of action for the supply manager to take?

• A.Review third-party research on current P2P solutions
• B.Locate a mentor from another company with experience in P2P
• C.Recommend the P2P system used at the supply manager's previous company
• D.Ask questions of senior leadership to better understand their P2P needs

A supply manager for CDE Inc. hires several young supply management professionals. The new staff members are eager to gain experience and use their technological skills. Some staff members, however, are planning to retire, and the supply manager does not want to lose their expertise and perspective. Given this situation, which of the following is the BEST course of action for the supply manager to take?

• A.Offer the new staff members opportunities to work on special projects
• B.Facilitate hands-on training and internal workshops for the new staff members
• C.Use functional rotation to expand the new employees' skills
• D.Match new employees with experienced employees in mentoring relationships

UVW, Inc. and Supplier Y have enjoyed a healthy long-term relationship. The two organizations routinely share information and jointly support continuous improvement.
In recent months, UVW and Supplier Y's sales, supply management, and engineering teams have been co-developing a new product that would position them uniquely in their market segment. Price and terms have been agreed upon, and the contract is now in its final stages. However, when UVW's team presents the finalized deal to its senior management, they express displeasure with Supplier Y, and the deal is put on hold until further evaluation.
Which of the following is the MOST likely reason this occurred?

• A.The co-developed product had not been adequately researched.
• B.Supplier Y is not a preferred supplier.
• C.Executive-level support was not obtained in the beginning stages.
• D.The terms of the agreement were not favorable to UVW.

An internal audit at FGH, Inc. reveals that a long-term supplier is charging labor rates not aligned with current contractual pricing. FGH has a significant amount of trust in this supplier and does not believe the supplier intended to act unethically. In this situation, which of the following should be the FIRST step pursued by FGH to correct the discrepancy?

• A.Review the prioritization plan
• B.Perform a validation process
• C.Establish a time frame for recovery
• D.Conduct a cost/benefit analysis

As part of a firm's global cost reduction strategy, a supply manager has been asked to lead a team of purchasing professionals from several different countries. Because of the wide variety of cultures represented on the team, it will be MOST important for the supply manager to

• A.schedule calls at times convenient for all members
• B.focus on selecting team members of similar ages
• C.implement a cloud-based collaboration tool
• D.determine and focus on the need for the team