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2025 Realistic LEAD Reliable Exam Testking - ISM Leadership and Transformation in Supply Management Valid Dumps Questions 100% Pass

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ISM LEAD Exam Syllabus Topics:

Topic
Details

Topic 1

People Development and Coaching: In this section, focus is on nurturing talent and fostering skills growth within the supply management team.

Topic 2

Systems Capability and Technology: This domain covers developing talent and expanding skill sets among the supply management group members.

Topic 3

Stakeholder Engagement: The section covers cooperating and communicating effectively with internal and external stakeholders impacted by supply chain choices.

Topic 4

Risk and Compliance: This domain covers identifying, assessing, and mitigating potential threats while ensuring adherence to regulations in supply management.

Topic 5

Corporate Social Responsibility and Ethics: This domain covers incorporating ethical and sustainable practices into decision-making and supply chain processes.

ISM Leadership and Transformation in Supply Management Sample Questions (Q85-Q90):

NEW QUESTION # 85
XYZ, Inc. is in the due diligence phase of an upcoming merger. The team is involved in assessing the cost synergies that can be realized from the merger. Which of the following can be regarded as potential cost synergies?
I . Reduced competition
II . Sharing of marketing channels
III . Increased purchasing power
IV . Elimination of redundancies

A. I, II, III and IV
B. III and IV only
C. II and III only
D. I and IV only

Answer: B

Explanation:
* Cost Synergies in Mergers: Cost synergies refer to the potential cost savings and efficiencies that can be achieved when two companies merge. This typically includes increased purchasing power and the elimination of redundancies.
* Increased Purchasing Power: By merging, the companies can combine their purchasing volumes, leading to better negotiation power with suppliers and reduced procurement costs.
* Elimination of Redundancies: The merger allows the companies to eliminate duplicate functions, systems, and processes, leading to significant cost savings.
* Not Potential Synergies: Reduced competition is not a cost synergy; it's a market effect. Sharing marketing channels is more of a revenue synergy than a cost synergy.
* Reference: This categorization is supported by merger and acquisition literature, including studies from the Harvard Business Review and the Institute of Mergers, Acquisitions, and Alliances (IMAA).

NEW QUESTION # 86
RST, Inc. has the following mission statement:
"RST seeks to provide the optimum combination of value pricing and consistent quality for its customers through innovative production processes.
Which of the following elements of RST's supply management department's strategic plan will BEST support this mission statement?

A. "Supplier-generated defect rates will be less than 0.1 percent."
B. "Sourcing will facilitate first-to-market readiness."
C. "Inventory levels will ensure on-time order fulfillment while minimizing carrying costs."
D. "Supplier transportation charges will be continuously monitored for potential savings."

Answer: B

Explanation:
The mission statement of RST, Inc. focuses on providing value pricing and consistent quality through innovative production processes. To support this mission, the strategic plan element "Sourcing will facilitate first-to-market readiness" is most aligned. Ensuring first-to-market readiness leverages innovative production processes to deliver products quickly and efficiently, aligning with the company's goals of value and quality. Leadership and transformation management documents emphasize the importance of strategic sourcing in achieving competitive advantage through innovation and speed to market. Reference highlight how effective sourcing strategies contribute to operational excellence and market leadership, thereby supporting the company's mission.

NEW QUESTION # 87
A company wants to employ an enterprise resource planning (ERP) system in order to coordinate an expanded global supply base for an innovative new product line. The company has never used such technology in the past. Which of the following should be the FIRST step in implementing this project?

A. Seek advice from commodity councils
B. Review current supplier capabilities
C. Schedule demonstrations of top-rated planning systems
D. Determine organizational functional requirements

Answer: D

Explanation:
Understanding ERP Implementation: Implementing an ERP system involves integrating various business processes to streamline operations and improve efficiency.
First Step in ERP Implementation:
Determining Organizational Functional Requirements: This step involves identifying the specific needs and functionalities required by the organization to support its operations.
This ensures the selected ERP system aligns with the company's goals and processes, avoiding potential mismatches and ensuring the system meets all necessary criteria.
Other Steps (for context):
Scheduling Demonstrations: Useful but should follow the identification of requirements to ensure relevant systems are evaluated.
Reviewing Supplier Capabilities: Important for the selection process but secondary to understanding internal needs.
Seeking Advice from Commodity Councils: Can provide valuable insights but should be done after defining the organizational requirements.
Conclusion: Defining the organizational functional requirements is the foundational step that guides the entire ERP selection and implementation process.
Reference:
"ERP: Making It Happen: The Implementers' Guide to Success with Enterprise Resource Planning" by Thomas F. Wallace and Michael H. Kremzar Articles on ERP implementation best practices from CIO.com and Gartner

NEW QUESTION # 88
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. Ask questions of senior leadership to better understand their P2P needs
B. Locate a mentor from another company with experience in P2P
C. Review third-party research on current P2P solutions
D. Recommend the P2P system used at the supply manager's previous company

Answer: C

Explanation:
For a new supply manager with little experience in procure-to-pay (P2P) systems, reviewing third-party research on current P2P solutions is the best course of action. This approach provides an objective overview of available options, features, and industry best practices. Leadership and transformation management documents stress the importance of informed decision-making and leveraging external expertise when evaluating new systems. By consulting third-party research, the supply manager can gain insights into the strengths and weaknesses of different P2P systems, ensuring a well-informed recommendation. Reference emphasize the value of using independent research to support strategic procurement decisions.

NEW QUESTION # 89
Which of the following is the FIRST step that a supply manager should take to ensure proper social responsibility in the management of regulated materials?

A. Select only certified suppliers for sourcing events
B. Determine the relevant regulatory agency criteria to follow
C. Embed contract language with criteria to handle disposal of regulated materials
D. Implement a proactive approach when considering regulated materials

Answer: B

Explanation:
The first step a supply manager should take to ensure proper social responsibility in the management of regulated materials is to determine the relevant regulatory agency criteria to follow. Leadership and transformation management documents stress the importance of compliance with regulatory requirements as the foundation for responsible management practices. Understanding the specific criteria set by regulatory agencies ensures that all actions related to the handling, storage, and disposal of regulated materials meet legal and safety standards. Reference emphasize the necessity of being well-informed about regulatory guidelines to implement effective and compliant practices in supply management.
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NEW QUESTION # 90
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