Free ISM LEAD Practice Test & Real Exam Questions

In order to ensure that employee performance measures are aligned with the overall business model and the strategic direction of the organization, the supply management department's goals and objectives should be

A legal hold order prohibits the deletion or destruction of

A service manager is reviewing the operational risk of communicating with field engineers on site. The reliability of each component is as follows:
Engineers' cellular phone reliability: 85%
Cellular network reliability: 97%
Service manager's cellular phone reliability: 85%
What is the reliability of the communications?

A company determines it may be subject to potential loss of intellectual property in several supplier contracts. This can be BEST described as what type of risk?

JKL Company's procurement staff has a history of inefficient business practices and poor communications with stakeholders, which the firm attributes to ineffective leadership. The firm hires an experienced executive to lead the department. Which of the following should the executive focus on to make the staff accountable, while simultaneously assuring them that the executive is ultimately responsible for the duties being fulfilled?

Which of the following is typically viewed by management as the MOST important benefit of succession planning?

A supply manager is concerned that not all procurement employees are following the newly released policies and procedures. Which of the following would be MOST helpful in ensuring that the policies and procedures are being followed?

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?

An assistant contract administrator has been promoted to a newly-created contract management position in charge of sourcing a new product line. The position will work closely with other departments. The new manager is familiar with the firm's general procedures and organization but needs to expand skills in areas related to the increased responsibilities of the new position.
Which of the following will be MOST effective in this situation?