LEAD VALID TEST ANSWERS & LEAD LATEST TEST PREP

LEAD Valid Test Answers & LEAD Latest Test Prep

LEAD Valid Test Answers & LEAD Latest Test Prep

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Tags: LEAD Valid Test Answers, LEAD Latest Test Prep, LEAD Braindumps, LEAD Question Explanations, Brain LEAD Exam

Have you ever noticed that people who prepare themselves for ISM LEAD certification exam do not need to negotiate their salaries for a higher level, they just get it after they are ISM LEAD Certified? The reason behind this fact is that they are considered the most deserving candidates for that particular job.

Nowadays the competition in the society is fiercer and if you don’t have a specialty you can’t occupy an advantageous position in the competition and may be weeded out. Passing the Leadership and Transformation in Supply Management test certification can help you be competent in some area and gain the competition advantages in the labor market. If you buy our LEAD Study Materials you will pass the test smoothly. With a high pass rate as 98% to 100%, you will know that our LEAD practice engine can provide you with the best pass percentage.

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LEAD Latest Test Prep, LEAD Braindumps

As we all know, it is a must for all of the candidates to pass the exam if they want to get the related LEAD certification which serves as the best evidence for them to show their knowledge and skills. If you want to simplify the preparation process, here comes a piece of good news for you. Our LEAD Exam Question has been widely praised by all of our customers in many countries and our company has become the leader in this field. Now I would like to give you some detailed information about the advantages of our LEAD guide torrent.

ISM LEAD Exam Syllabus Topics:

TopicDetails
Topic 1
  • Risk and Compliance: This domain covers identifying, assessing, and mitigating potential threats while ensuring adherence to regulations in supply management.
Topic 2
  • Strategy Development: This section covers creating and carrying out long-term supply management plans to meet organisational objectives.
Topic 3
  • Stakeholder Engagement: The section covers cooperating and communicating effectively with internal and external stakeholders impacted by supply chain choices.
Topic 4
  • Systems Capability and Technology: This domain covers developing talent and expanding skill sets among the supply management group members.

ISM Leadership and Transformation in Supply Management Sample Questions (Q146-Q151):

NEW QUESTION # 146
A company's human resources manager feels that the HR department can obtain indirect services efficiently and that centralizing their purchases through supply management adds no value. Which is of the following is the BEST response supply management can make to these claims?

  • A. Validate procurement efficiency metrics with finance
  • B. Eliminate bottlenecks at critical processes
  • C. Quantify procurement's indirect spend savings
  • D. Implement an earned value management system

Answer: C

Explanation:
* Addressing the Concern: The HR manager believes that centralizing purchases through supply management adds no value. To counter this perception, it is essential to demonstrate the tangible benefits that supply management can bring.
* Quantifying Savings: By quantifying the savings achieved through procurement's management of indirect spend, supply management can provide concrete evidence of its value. This includes cost reductions, efficiency improvements, and better contract terms.
* Data-Driven Argument: Presenting data on cost savings and efficiency gains helps build a strong, fact-based argument that can be more persuasive than subjective opinions.
* Collaboration with HR: This approach also shows a willingness to work with HR to improve processes and outcomes, rather than simply defending existing practices.
* Reference: This strategy is supported by procurement best practices and strategic sourcing principles outlined in resources such as the Chartered Institute of Procurement & Supply (CIPS) and the Institute for Supply Management (ISM).


NEW QUESTION # 147
A supply manager conducts an audit of a supplier for a proprietary material and finds safety deficiencies in the supplier's plant. Which of the following is the FIRST course of action the supply manager should take?

  • A. Work with the supplier to improve working conditions
  • B. Notify the supplier of the contract breach and provide a thirty day period to cure
  • C. Source a substitute product for the proprietary material
  • D. Qualify an alternate supplier to manufacture the proprietary material

Answer: A

Explanation:
When safety deficiencies are found in a supplier's plant, the first course of action should be to work with the supplier to improve working conditions. This collaborative approach helps address safety issues while maintaining the supplier relationship and ensuring continuity of supply. Leadership and transformation management principles advocate for working with suppliers to achieve mutual improvements and fostering long-term partnerships. This approach not only helps rectify the immediate issues but also strengthens the overall supply chain by promoting better practices and compliance with safety standards. Reference from transformation management documents highlight the importance of cooperation and continuous improvement in supplier management to enhance overall supply chain resilience and performance.
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NEW QUESTION # 148
A supply management department is frequently cited by auditors for noncompliance with internal controls, even though the department continually tries to improve its performance. Which of the following should the department manager do FIRST to address this situation?

  • A. Conduct pre-audit performance reviews
  • B. Reevaluate policies and standard operating procedures
  • C. Ask the auditors for additional justification
  • D. Expand employee training on policies and procedures

Answer: B

Explanation:
* Identification of Issues: Frequent citations for noncompliance suggest systemic issues within current policies and procedures.
* Policy Reevaluation: The first step in addressing these issues is to conduct a thorough review of existing policies and standard operating procedures (SOPs) to identify any gaps or inefficiencies.
* Root Cause Analysis: Reevaluating policies allows the department to determine the root causes of noncompliance and develop targeted improvements.
* Stakeholder Involvement: Engaging with stakeholders, including auditors and staff, during the reevaluation process ensures that the revised policies address practical concerns and compliance requirements.
* Continuous Improvement: Implementing updated policies and procedures establishes a foundation for ongoing compliance and performance improvement.
* Reference: Internal control frameworks such as COSO (Committee of Sponsoring Organizations of the Treadway Commission) emphasize the importance of robust policies and procedures in maintaining compliance and operational efficiency.


NEW QUESTION # 149
Which of the following requires a working knowledge of payback and net present value?

  • A. Direct materials and services budget
  • B. Indirect (MRO) budget
  • C. Purchasing and supply operating budget
  • D. Capital expenditures budget

Answer: D

Explanation:
A working knowledge of payback and net present value (NPV) is required for managing a capital expenditures budget. These financial concepts are essential for evaluating the profitability and financial viability of capital projects. Leadership and transformation management documents emphasize the importance of financial acumen in making informed decisions about significant investments. Understanding payback periods and NPV helps supply managers assess the return on investment and make strategic decisions that align with the organization's long-term goals. Reference highlight that proficiency in these financial tools is critical for managing capital expenditures effectively.
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NEW QUESTION # 150
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. Work with the finance department to set more challenging goals for the procurement team
  • B. Conduct a 360-degree feedback survey to measure the level of employee engagement and job satisfaction
  • C. Verify with internal customers that team members goals are aligned with business goals
  • D. Review the job descriptions for each procurement role to validate that the descriptions are accurate

Answer: C

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 # 151
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