LEAD ONLINE TEST | LEAD FREE EXAM DUMPS

LEAD Online Test | LEAD Free Exam Dumps

LEAD Online Test | LEAD Free Exam Dumps

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Getting the Leadership and Transformation in Supply Management (LEAD) certification is the way to go if you're planning to get into ISM or want to start earning money quickly. Success in the Leadership and Transformation in Supply Management (LEAD) exam of this credential plays an essential role in the validation of your skills so that you can crack an interview or get a promotion in an ISM company. Many people are attempting the ISM LEAD test nowadays because its importance is growing rapidly.

ISM Leadership and Transformation in Supply Management Sample Questions (Q47-Q52):

NEW QUESTION # 47
RST Petroleum and Fuel, Inc. ensures that its refineries follow all OSHA regulations, particularly with regard to personal protection and safety training. RST's Safety Data Sheets (SDS) are accessible on the intranet for all employees to view.
RST hires a new janitorial service to clean all of its offices, restrooms and showers. The janitorial service insists on supplying its own cleaning products. RST agrees to this, but wants the service to provide the SDS for its products, to be posted on the RST intranet site. Although the janitorial service has been working at RST for three months and has been doing an excellent job, it fails to provide RST with the requested information.
Given this situation, which of the following should RST do?

  • A. Cancel the contract with the janitorial services firm for breach
  • B. Notify the janitorial service that it is in breach of contract
  • C. Ignore the situation, as the OSHA regulations do not pertain to a contractor's materials
  • D. Discontinue work with the janitorial services firm until the SDS are provided

Answer: D

Explanation:
* Regulatory Compliance: OSHA regulations mandate that Safety Data Sheets (SDS) must be accessible for all hazardous chemicals used in the workplace. This requirement applies to all materials, including those used by contractors.
* Employee Safety: Ensuring SDS are available for all chemicals used on-site is crucial for maintaining a safe working environment. Employees must be aware of potential hazards and how to handle chemicals safely.
* Risk Management: Continuing operations without the necessary SDS poses a risk to employee safety and exposes the company to regulatory penalties.
* Corrective Action: Discontinuing work with the janitorial services firm until the SDS are provided is a proactive measure to mitigate this risk.
* Contractual Obligation: The janitorial service is in breach of the safety requirements agreed upon. Immediate cessation of their services until compliance is achieved is necessary.
* Reference: OSHA's Hazard Communication Standard (29 CFR 1910.1200) and industry best practices for contractor management support this approach.


NEW QUESTION # 48
A firm's human resources (HR) department would like to expand a successful training program but does not have funding to do so. The firm's supply manager believes that strategic sourcing of other HR spend categories can reduce costs to provide funding for the training program. Which of the following influencing tactics should the supply manager use FIRST in order to convince HR to employ strategic sourcing?

  • A. Emotion
  • B. Logic
  • C. Cooperation
  • D. Liking

Answer: B

Explanation:
The supply manager should use logic first to convince HR to employ strategic sourcing. Here's a detailed explanation:
Using Logic:
Data-Driven Argument: Presenting logical, data-supported arguments can effectively demonstrate how strategic sourcing can reduce costs. Logical reasoning appeals to the analytical nature of business decisions.
Cost-Benefit Analysis: Providing a clear cost-benefit analysis showing the potential savings and reallocation of funds to the training program can persuade HR of the practical benefits.
Why Not Other Options?
Liking (A): While building rapport is important, it is less impactful than a logical, data-driven argument in this context.
Cooperation (B): Cooperation is essential but should follow a logical presentation of the benefits.
Emotion (D): Emotional appeals may be less persuasive in a business context focused on financial and operational efficiency.
Reference:
Effective influencing tactics in leadership and management (Cialdini, R.B., Influence: The Psychology of Persuasion, 2006).
Strategic sourcing and its impact on cost management (Monczka, R., Handfield, R., Giunipero, L., Patterson, J., Purchasing and Supply Chain Management, 2015).


NEW QUESTION # 49
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. Delivery to schedule
  • B. Inventory turns
  • C. Purchase price
  • D. Total cost

Answer: D

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 # 50
Two gourmet food companies merge, and the combined entity attains an increase in its market share. The firm is considering an expansion of its product line, but material costs have risen and stock shortages are creating problems which need to be resolved before any expansion takes place. The firm's supply managers find that no clear definition of responsibilities was outlined during the merger process for several commodity categories. Which of the following did executive management fail to address?

  • A. Competitive trends in the marketplace
  • B. Internal customer needs
  • C. Changes in the scope of the business
  • D. Supply chain configuration

Answer: D

Explanation:
Understanding the Situation:
Two gourmet food companies have merged, leading to increased market share and the potential for product line expansion.
Challenges: Rising material costs, stock shortages, and unclear responsibilities for commodity categories.
Key Considerations in a Merger:
Competitive Trends: Monitoring the market to understand competitive positioning.
Scope of Business: Changes due to the merger, including product lines and market coverage.
Internal Customer Needs: Ensuring that internal stakeholders are satisfied with the new operations.
Supply Chain Configuration: Defining roles, responsibilities, and processes within the supply chain to ensure efficient operations.
What Was Missed:
Executive management failed to address Supply Chain Configuration: Properly defining responsibilities, roles, and processes within the new combined supply chain structure.
Conclusion: Addressing supply chain configuration is crucial for resolving material costs and stock shortage issues, ensuring a smooth integration and efficient operation post-merger.
Reference:
"Supply Chain Management: Strategy, Planning, and Operation" by Sunil Chopra and Peter Meindl Articles on post-merger integration from Harvard Business Review and McKinsey & Company


NEW QUESTION # 51
A supply management department has recently received resignations from several important staff members. Exit interviews indicate that the primary reason for the staff members' departure was frustration over their expertise not being valued. They also viewed their work as repetitive and not an efficient use of their time or effort. Which of the following would be the BEST way for the department manager to improve this situation?

  • A. Discuss the situation with counterparts in other departments and brainstorm solutions
  • B. Convene a staff meeting to explain why current tasks are important to the company
  • C. Revise performance evaluation criteria to reward initiative
  • D. Consider motivational dimensions and redesign job descriptions where possible

Answer: D

Explanation:
* Identify the core issue: The resignations were due to staff members feeling their expertise was undervalued and their work was repetitive.
* Best practice in leadership: According to leadership and transformation management principles, addressing motivational dimensions and job design is crucial. Theories like Herzberg's Two-Factor Theory emphasize the importance of job enrichment to enhance job satisfaction.
* Redesign job descriptions: This involves analyzing and altering job roles to make them more engaging and utilize employees' skills effectively. Techniques such as job rotation, job enlargement, and job enrichment can be employed.
* Empower employees: Giving employees a sense of purpose and ensuring their work is meaningful aligns with transformational leadership principles.
* Reference: "Motivation and Personality" by Abraham Maslow and "Work and Motivation" by Victor Vroom highlight the need for job redesign to improve motivation and productivity.


NEW QUESTION # 52
......

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