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Test ISM LEAD Guide, Vce LEAD Format

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Vce LEAD Format, Associate LEAD Level Exam

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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	Corporate Social Responsibility and Ethics: This domain covers incorporating ethical and sustainable practices into decision-making and supply chain processes.
Topic 3	Strategy Development: This section covers creating and carrying out long-term supply management plans to meet organisational objectives.

ISM Leadership and Transformation in Supply Management Sample Questions (Q131-Q136):

NEW QUESTION # 131
A manufacturing company has been experiencing a number of human resource problems. Many employees feel they are underutilized given their skill sets. The firm is concerned that if it loses some key leaders, it will be at risk. The company is looking to attract and retain more employees that embody the company's values. Given all these factors, which of the following is the BEST course of action for the firm to take?

A. Establish a mentor program
B. Conduct a gap analysis of all job functions
C. Employ an outside recruitment firm
D. Create a corporation-wide succession plan

Answer: D

Explanation:
Given the human resource problems, the best course of action for the firm is to create a corporation-wide succession plan.
Succession Planning: This involves identifying and developing internal people with the potential to fill key business leadership positions in the company. It ensures continuity and stability within the organization.
Employee Development: A succession plan helps in recognizing and nurturing the skills and potential of current employees, addressing the issue of underutilization and preparing them for future roles.
Risk Mitigation: By planning for succession, the company reduces the risk associated with losing key leaders, ensuring that there are qualified and prepared candidates ready to step into critical roles.
Reference:
Rothwell, W.J. (2010). Effective Succession Planning: Ensuring Leadership Continuity and Building Talent from Within. AMACOM.
Charan, R., Drotter, S., & Noel, J. (2010). The Leadership Pipeline: How to Build the Leadership Powered Company. John Wiley & Sons.

NEW QUESTION # 132
DEF Company acquires MNO, Incorporated. The new firm's chief procurement officer (CPO) is tasked with consolidating duplicate components under one supplier for the lowest total cost. The CPO plans to use the firms' combined cognitive procurement system to complete this task. Which of the following will this system MOST likely yield in order to aid the CPO?

A. The financial strength of the suppliers providing the components
B. The demand for the components for both DEF and MNO
C. The level of risk posed by each supplier based on location and disaster recovery plans
D. The price, quality, performance and reliability of the components and the suppliers

Answer: D

NEW QUESTION # 133
A firm's supply manager surveys stakeholders to rate the performance of supply management along several key factors and to determine what factors matter most to the stakeholders. The results of the survey (with scale values ranging from 1 for Low to 5 for High), are as follows:
Factors Rating Priority
Speed of order processing 4 2
Supply management knowledge 4 3
Quality 2 4
On-time delivery 4 3
Supplier innovation 4 4
Product and market awareness 2 5
Cost control 4 2
Which of the following conclusions is MOST strongly supported by the survey results?

A. Product and market awareness need more emphasis.
B. Cost control efforts are valued by internal customers.
C. Order processing time should be streamlined.
D. Supplier innovation is less important than on-time delivery.

Answer: B

Explanation:
The survey results indicate that cost control is highly rated (4) and given a high priority (2), suggesting that internal customers place significant value on cost control efforts. Leadership and transformation management principles underline the need to align supply management activities with stakeholder priorities. The survey results reveal that stakeholders prioritize cost control, speed of order processing, and supply management knowledge, with cost control being particularly valued. Reference from leadership documents emphasize the importance of understanding and responding to stakeholder needs to ensure that supply management efforts are focused on areas that provide the most value to the organization.

NEW QUESTION # 134
When evaluating the performance of supply management employees, which of the following types of input will be MOST comprehensive?

A. 360 degree input
B. Stakeholder input
C. Customer input
D. Peer input

Answer: A

Explanation:
Types of Input for Performance Evaluation:
Customer Input: Feedback from external customers or clients.
Peer Input: Feedback from colleagues at the same level within the organization.
360 Degree Input: Comprehensive feedback collected from an employee's subordinates, peers, and supervisors, as well as a self-evaluation.
Stakeholder Input: Feedback from all parties interested in or affected by the employee's performance.
Comprehensiveness of 360 Degree Input:
This method includes a full spectrum of feedback sources, covering supervisors (managerial perspective), peers (collegial perspective), subordinates (leadership perspective), and self-assessment (personal perspective).
This approach ensures a holistic view of the employee's performance, identifying strengths and areas for improvement from multiple viewpoints.
Conclusion: The 360 degree input is the most comprehensive type of feedback as it encompasses evaluations from all levels of interaction, providing a well-rounded understanding of an employee's performance.
Reference:
Harvard Business Review articles on performance management
Society for Human Resource Management (SHRM) guidelines on performance evaluation

NEW QUESTION # 135
The supply manager for a decentralized supply management organization is looking to transition the department's current buyers into category managers. The supply manager wishes to make these changes with minimal organizational disruption. Which of the following arrangements would BEST accomplish this goal?

A. A center-led purchasing organization, with the new category managers reporting to the supply manager and assigned to their original locations
B. A matrix organization, whereby each category manager reports to both the head of the location and the supply manager
C. A project organization, where category managers are assigned by priorities based on greatest aggregate spend and business
D. A decentralized reporting structure, where the supply manager controls processes through annual goals and objectives assigned to each category manager

Answer: A

Explanation:
To transition the department's current buyers into category managers with minimal organizational disruption, adopting a center-led purchasing organization is the best approach. In this arrangement, new category managers report to the supply manager while remaining at their original locations. Leadership and transformation management documents highlight the benefits of a center-led structure, which combines the advantages of centralized control and decentralized execution. This structure allows for consistent strategy and policy implementation across the organization while maintaining the flexibility of decentralized operations. Reference from these documents emphasize that this hybrid approach minimizes disruption and ensures a smooth transition by leveraging existing relationships and local knowledge.

NEW QUESTION # 136
......

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Ron Ward Ron Ward

Biography

Test ISM LEAD Guide, Vce LEAD Format

Vce LEAD Format, Associate LEAD Level Exam

ISM LEAD Exam Syllabus Topics:

ISM Leadership and Transformation in Supply Management Sample Questions (Q131-Q136):

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Ron Ward Ron Ward

Biography

Test ISM LEAD Guide, Vce LEAD Format

Vce LEAD Format, Associate LEAD Level Exam

ISM LEAD Exam Syllabus Topics:

ISM Leadership and Transformation in Supply Management Sample Questions (Q131-Q136):

LIBERA TU POTENCIAL, CRECE MÁS ALLÁ DE LOS LÍMITES.

Necesitas ayuda?

Atajos

Postulate o Contactanos

Seguinos en

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