Free Preparation Discussions
MENU
ISM LEAD Exam Questions
- Topic 1: Strategy Development: This section covers creating and carrying out long-term supply management plans to meet organisational objectives.
- Topic 2: Stakeholder Engagement: The section covers cooperating and communicating effectively with internal and external stakeholders impacted by supply chain choices.
- Topic 3: People Development and Coaching: In this section, focus is on nurturing talent and fostering skills growth within the supply management team.
- Topic 4: Systems Capability and Technology: This domain covers developing talent and expanding skill sets among the supply management group members.
- Topic 5: Risk and Compliance: This domain covers identifying, assessing, and mitigating potential threats while ensuring adherence to regulations in supply management.
- Topic 6: Corporate Social Responsibility and Ethics: This domain covers incorporating ethical and sustainable practices into decision-making and supply chain processes.
Free ISM LEAD Exam Actual Questions
Note: Premium Questions for LEAD were last updated On Apr. 06, 2025 (see below)
In global sourcing, for which of the following areas is verifying compliance likely to be MOST difficult?
Verifying compliance in the area of social responsibility is likely to be the most difficult in global sourcing. Ensuring that suppliers adhere to social responsibility standards, such as fair labor practices, human rights, and ethical sourcing, can be challenging due to varying regulations, cultural differences, and lack of transparency. Leadership and transformation management documents emphasize the complexities of managing social responsibility in global supply chains. Reference highlight that social audits, certifications, and continuous monitoring are essential but can be resource-intensive and difficult to enforce consistently across different regions.
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?
Using the firms' combined cognitive procurement system, the CPO is most likely to yield information on the price, quality, performance, and reliability of the components and the suppliers. This data is crucial for consolidating duplicate components under one supplier for the lowest total cost.
Cognitive Procurement Systems: These systems utilize artificial intelligence and data analytics to provide comprehensive insights into procurement activities. They help in assessing various parameters such as cost, quality, and supplier performance.
Decision-Making: Having detailed information on price, quality, performance, and reliability allows the CPO to make informed decisions about which suppliers to consolidate, ensuring that the best overall value is achieved.
Optimization: This approach helps in optimizing the supply chain by selecting suppliers that offer the best combination of cost efficiency and reliability, ultimately reducing total procurement costs.
Handfield, R.B., & Nichols, E.L. (1999). Introduction to Supply Chain Management. Prentice Hall.
Monczka, R.M., Handfield, R.B., Giunipero, L.C., & Patterson, J.L. (2015). Purchasing and Supply Chain Management. Cengage Learning.
Which of the following requires a working knowledge of payback and net present value?
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.
Top of Form
Bottom of Form
A retail chain is looking to gain a competitive edge in the market. The firm wants to allow visibility throughout the company and enhance supply performance regarding demand forecasting, inventory management, and transportation. In this situation, which of following will be MOST effective?
For a retail chain looking to gain a competitive edge by enhancing visibility and supply performance, E-Systems integration is the most effective solution. E-Systems integration involves the use of advanced technology systems to integrate various functions of the supply chain, such as demand forecasting, inventory management, and transportation. This integration facilitates real-time data sharing, improved coordination, and better decision-making, leading to enhanced efficiency and responsiveness. Leadership and transformation management principles emphasize the role of technology in transforming supply chain operations, highlighting the benefits of integrated e-systems in achieving competitive advantage and operational excellence. Reference from these documents demonstrate how integrated systems lead to better visibility and performance across the supply chain.
CDE, Inc. designates a team comprised of finance and procurement professionals to develop and implement a "No PO/No Pay'' policy for the organization. The goal is for the firm to have 100% purchase order (PO) usage. The team spends twelve months re-structuring processes, defining metrics, and conducting employee training sessions on the policy. However, six months after launch, the level of PO adoption shows only a modest increase from 9% to 12%. Which of the following could the team have done to BEST ensure greater success in this initiative?
To ensure greater success in implementing the 'No PO/No Pay'' policy, the team should have included stakeholders on the initial project team to foster buy-in and promote ownership. Leadership and transformation management documents emphasize the importance of stakeholder engagement in change management initiatives. By involving stakeholders from the beginning, the team can gain valuable insights, address concerns, and build a sense of ownership among those affected by the policy. This approach increases the likelihood of successful adoption and compliance. Reference highlight that stakeholder involvement is crucial for overcoming resistance to change and ensuring that new policies are effectively integrated into organizational practices.
- Select Question Types you want
- Set your Desired Pass Percentage
- Allocate Time (Hours : Minutes)
- Create Multiple Practice tests with Limited Questions
- Customer Support
Novella
4 days agoDerrick
20 days agoOmega
25 days agoBenedict
1 months agoDulce
2 months agoBrandon
2 months agoJosphine
2 months agoClarence
3 months agoFelix
3 months agoDarrin
3 months agoTitus
3 months agoShawna
4 months agoLovetta
4 months agoLashunda
4 months agoPamella
4 months agoMollie
4 months agoBong
5 months agoGail
5 months agoJesusita
5 months agoLuisa
5 months agoAlfreda
5 months agoLacey
6 months agoElfriede
6 months agoShaunna
6 months agoMerrilee
6 months agoCorinne
6 months agoMacy
7 months agoStefania
7 months agoBoris
7 months agoLeonardo
7 months agoKrystal
7 months agoMicaela
8 months ago