Vce LEAD Torrent & Certification LEAD Test Questions

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ISM Leadership and Transformation in Supply Management Sample Questions (Q130-Q135):

NEW QUESTION # 130
In order for a succession plan to be effective, it should

A. consider employee input and interests
B. be owned by the named successor
C. stay independent of the strategic business plan
D. allow for subjective candidate assessments

Answer: A

Explanation:
For a succession plan to be effective, it should consider employee input and interests. Engaging employees in the succession planning process ensures that potential successors are not only capable but also motivated and aligned with the organization's goals. Leadership and transformation management documents highlight the importance of aligning succession planning with individual career aspirations and development needs. This approach increases the likelihood of a successful transition and promotes employee engagement and retention. Reference emphasize that considering employee input fosters a sense of ownership and commitment, which is crucial for the plan's success.

NEW QUESTION # 131
A company restructures its supply management department by creating commodity management teams with representatives from procurement, engineering, quality and production. These new teams have complete responsibility for their assigned commodities, including sourcing, quality, inventory planning and risk/cost management. Six months later, there is significant progress in a few commodity areas, but some teams are still not working smoothly together. To assess the impact of the commodity teams, which of the following measurements will offer the MOST useful information?

A. Total cost
B. Inventory turns
C. Delivery to schedule
D. Purchase price

Answer: A

Explanation:
* Comprehensive Metric: Total cost is a comprehensive metric that includes all aspects of cost management, such as purchase price, inventory costs, quality costs, and logistics costs.
* Assessing Team Impact: Evaluating total cost allows the organization to assess the overall impact of the commodity management teams on the company's cost structure and financial performance.
* Holistic View: Unlike individual metrics like inventory turns, purchase price, or delivery schedules, total cost provides a holistic view of the efficiency and effectiveness of the commodity teams.
* Continuous Improvement: Monitoring total cost helps identify areas for improvement across the entire supply chain, facilitating continuous improvement initiatives and cost-saving strategies.
* Reference: The importance of total cost measurement is emphasized in supply chain management literature and best practices, such as those outlined in "Supply Chain Management: Strategy, Planning, and Operation" by Sunil Chopra and Peter Meindl, and guidelines from the Institute for Supply Management (ISM).

NEW QUESTION # 132
A supply manager is scheduled to make a presentation at an upcoming management conference. The supply manager wants to present supply management as a key team member and an important contributor. Which of the following is the BEST approach for the supply manager to take in order to get a favorable reception?

A. Include technical definitions and specific process mapping
B. Discuss supply management in a light manner without appearing frivolous
C. Present results and challenge other departments to match them
D. Demonstrate how accomplishments support organizational goals

Answer: D

Explanation:
When a supply manager aims to present supply management as a key team member and an important contributor at a management conference, the most effective approach is to demonstrate how the department's accomplishments support the overall organizational goals. This aligns with leadership and transformation management principles that emphasize the importance of illustrating the strategic impact of supply management.
Strategic Alignment: Demonstrating accomplishments in the context of organizational goals helps in showcasing how supply management contributes to the broader success of the company. This approach highlights the department's relevance and importance within the organization's strategic framework.
Building Credibility: Presenting tangible results tied to organizational goals builds credibility with the audience, as it shows that supply management is not just a support function but a critical component of the company's success.
Engagement: By focusing on accomplishments that support organizational goals, the presentation will likely engage the audience more effectively. Other departments and senior management are more inclined to listen and appreciate contributions that directly benefit the organization.
Reference:
Kotter, J.P. (1996). Leading Change. Harvard Business Review Press.
Northouse, P.G. (2019). Leadership: Theory and Practice. Sage Publications.

NEW QUESTION # 133
MNO Company's code of conduct severely restricts employee volunteer and charitable activities. MNO's supply manager is concerned that these restrictions could conflict with the ISM Principles of Sustainability and Social Responsibility. What should the supply manager do to address these concerns?

A. The supply manager should offer examples of how the company can help the community and seek to ease limitations.
B. The supply manager should request an opinion from human resources on whether employee rights are being violated.
C. As there is no legal mandate for community action, the supply manager should not be concerned.
D. The supply manager should follow a positive course by encouraging staff to be active in their neighborhoods.

Answer: A

Explanation:
Understanding the Conflict:
MNO Company's restrictive code of conduct may conflict with the ISM Principles of Sustainability and Social Responsibility, which emphasize community involvement and ethical practices.
Addressing the Concerns:
Offering Examples: Demonstrates how community engagement aligns with company values and can enhance the company's reputation and employee satisfaction.
Providing concrete examples and benefits can help persuade company leadership to ease the limitations, aligning company practices with sustainability and social responsibility principles.
Rationale:
Proactive engagement and providing evidence-based examples foster a positive dialogue.
Aligns company policies with industry best practices and ethical standards without disregarding existing policies outright.
Conclusion: By offering examples of community engagement and its benefits, the supply manager can advocate for easing restrictions, promoting sustainability and social responsibility in alignment with ISM principles.
Reference:
ISM Principles of Sustainability and Social Responsibility
"Corporate Social Responsibility: Doing the Most Good for Your Company and Your Cause" by Philip Kotler and Nancy Lee

NEW QUESTION # 134
As an initiative to support environmental sustainability, a bank's supply manager wants to change to buying recycled paper. How can supply management ensure that the recycled paper is produced sustainably?

A. By sourcing recycled paper that is Forest Stewardship Council (FSC) certified
B. By using the Global Reporting Initiative (GRI) to identify responsible sources of recycled paper
C. By sourcing from suppliers that are ISO 14001:2015 certified
D. As recycled paper is environmentally sustainable by definition, no further action needs to be taken

Answer: A

Explanation:
To ensure that the recycled paper is produced sustainably, the supply manager should source paper that is Forest Stewardship Council (FSC) certified. FSC certification guarantees that the paper comes from responsibly managed forests and verified recycled sources. Leadership and transformation management documents highlight the importance of certification in verifying sustainable practices and ensuring environmental responsibility. By choosing FSC-certified products, the bank can be confident that its procurement practices support environmental sustainability. Reference emphasize that FSC certification is widely recognized and trusted as a benchmark for sustainable forest management and recycled products.

NEW QUESTION # 135
......

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Vce LEAD Torrent & Certification LEAD Test Questions

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ISM Leadership and Transformation in Supply Management Sample Questions (Q130-Q135):

100% Pass-Rate ISM Vce LEAD Torrent Offer You The Best Certification Test Questions | Leadership and Transformation in Supply Management

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