INTE Reliable Exam Tutorial & Test INTE Dates

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Free PDF Quiz Pass-Sure ISM - INTE - Supply Management Integration Reliable Exam Tutorial

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ISM INTE Exam Syllabus Topics:

Topic	Details
Topic 1	Project Management: This section covers applying project management principles to supply management activities.
Topic 2	Supply Chain Strategy: This section deals with how to develop and implement material or service standardization programs and implement requirements planning to align supply management activities with organizational strategy.
Topic 3	Logistics and Materials Management: This section covers knowledge of transportation modes, warehousing, and inventory management practices.
Topic 4	Sales and Operations Planning (SOP): This section covers sales and Operations Planning, Demand Planning, and Forecasting.
Topic 5	Quality Management: This section covers understanding and applying quality management principles throughout the supply chain.

ISM Supply Management Integration Sample Questions (Q123-Q128):

NEW QUESTION # 123
Consider the following data comparing actual demand versus forecast demand:
MonthActual DemandForecast Demand
January100,00080,000
February105,00090,000
March110,000100,000
April70,000100,000
May90,000110,000
June100,00090,000
What is the Mean Annual Percent Error (MAPE) for the six months of data?

A. 15%
B. 25%
C. 20%
D. 10%

Answer: C

Explanation:
To calculate the Mean Absolute Percentage Error (MAPE), we follow these steps:
1.Find the absolute error for each month.
2.Convert the absolute error to a percentage of the actual demand for each month.
3.Find the average of these percentage errors over the six-month period.
Here's the calculation:
*January: 100,00080,000100,000×100=20%left| frac{100,000 - 80,000}{100,000} right| times 100 =
20%100,000100,00080,000×100=20%
*February: 105,00090,000105,000×100=14.29%left| frac{105,000 - 90,000}{105,000} right| times 100 =
14.29%105,000105,00090,000×100=14.29%
*March: 110,000100,000110,000×100=9.09%left| frac{110,000 - 100,000}{110,000} right| times 100 =
9.09%110,000110,000100,000×100=9.09%
*April: 70,000100,00070,000×100=42.86%left| frac{70,000 - 100,000}{70,000} right| times 100 =
42.86%70,00070,000100,000×100=42.86%
*May: 90,000110,00090,000×100=22.22%left| frac{90,000 - 110,000}{90,000} right| times 100 =
22.22%90,00090,000110,000×100=22.22%
*June: 100,00090,000100,000×100=10%left| frac{100,000 - 90,000}{100,000} right| times 100 =
10%100,000100,00090,000×100=10%
MAPE=(20+14.29+9.09+42.86+22.22+10)6=19.41%20%MAPE = frac{(20 + 14.29 + 9.09 + 42.86 + 22.22 +
10)}{6} = 19.41% approx 20%MAPE=6(20+14.29+9.09+42.86+22.22+10)=19.41%20% Thus, the MAPE for the six months of data is approximately 20%. References:
*Chase, R. B., Jacobs, F. R., & Aquilano, N. J. (2006). Operations Management for Compet-itive Advantage.
McGraw-Hill/Irwin.
*Hyndman, R. J., & Athanasopoulos, G. (2018). Forecasting: principles and practice. OTexts.

NEW QUESTION # 124
A supply manager receives four bids for a special piece of equipment. The equipment is large and does not fit into a normal sea container. The bids are as follows:
Supplier 1Supplier 2Supplier 3Supplier 4
Bid$2,110,000$2,105,000$2,110,000$2,115,000
Incoterms 2020 RuleGIFDPUFCAFAS
The costs of transportation, included within each bid price, are as follows:
Responsibility for Payment to CarrierTransfer of Risk to BuyerCost of Transportation Supplier, before goods are loaded onto vessel: purchaser thereafterAlongside vessel nominated by purchaser$50,000 Supplier to named port of destination: purchaser thereafterOnce goods have been loaded onto the vessel$55,000 Supplier to named place of destination once unloaded: purchaser thereafterOnce goods have been unloaded at named place of destination540,000 PurchaserWhere goods are loaded onto the collecting vehicle$30,000 The supply manager has taken account the firm's risk profile and wishes to use FCA for its Incoterms 2020 rules. Adjusting the pricing in the tenders to reflect this, which supplier should be awarded the contract (based on the lowest price)?

A. Supplier 4
B. Supplier 2
C. Supplier 1
D. Supplier 3

Answer: D

Explanation:
Using FCA Incoterms means the buyer assumes responsibility at the point where goods are loaded onto the transport. Adjusting for transportation costs, Supplier 3, with a lower base bid price and assuming buyer's responsibility earlier, results in the lowest adjusted total cost. This selection balances cost and risk, aligning with the buyer's preferred Incoterm.

NEW QUESTION # 125
Which of the following refers to a procedure whereby data are collected and compared to requirements in order to make an acceptance decision?

A. Internal audit
B. Inspection
C. Peer review
D. Process mapping

Answer: B

Explanation:
Inspection is the procedure where data is collected and compared to requirements to make an acceptance decision. This process ensures that products meet specified quality standards before acceptance, playing a critical role in quality control and compliance.

NEW QUESTION # 126
How long after the delivery date must a freight claim on a motor carriage shipment be presented and filed with the carrier in the United States'

A. 120 days
B. 30 days
C. 9 months
D. 3 months

Answer: C

Explanation:
In the United States, freight claims for motor carriage shipments must be filed within nine months of the delivery date. This timeframe is mandated by regulations to allow shippers and carriers to address disputes over transportation damages or losses.

NEW QUESTION # 127
In preparation for a new product launch, a company reviews the production capabilities of several regional plants in comparison with anticipated demand. Plant A is expected to have the highest demand, but consistent supply of parts is less reliable there than in other locations. The firm locates a supplier near the plant, which, although qualified, currently does not have enough space to store the large volume of finished parts Plant A will need for production. However, this supplier plans to expand.
To support plant operations during new product ramp-up, which of the following is MOST likely to be effective?

A. Procure additional safety stock at another plant and ship to Plant A
B. Engage a warehouse provider near Plant A to hold safety stock
C. Contract with multiple suppliers to support Plant A's operations
D. Expand Plant A's warehouse space so it can maintain higher safety stock levels

Answer: B

Explanation:
Engaging a warehouse provider near Plant A to hold safety stock is the most effective solution. This approach allows for immediate access to necessary inventory without straining Plant A's space, ensuring continuous production during ramp-up. It also mitigates risks associated with the supplier's current storage limitations.
Reference: Inventory management and logistics strategies.

NEW QUESTION # 128
......

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INTE Reliable Exam Tutorial & Test INTE Dates

Free PDF Quiz Pass-Sure ISM - INTE - Supply Management Integration Reliable Exam Tutorial

ISM INTE Exam Syllabus Topics:

ISM Supply Management Integration Sample Questions (Q123-Q128):

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