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100% Pass Quiz 2025 The Best LEAD: Dump Leadership and Transformation in Supply Management Check

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ISM LEAD Exam Syllabus Topics:

Topic
Details

Topic 1

Systems Capability and Technology: This domain covers developing talent and expanding skill sets among the supply management group members.

Topic 2

Corporate Social Responsibility and Ethics: This domain covers incorporating ethical and sustainable practices into decision-making and supply chain processes.

Topic 3

Risk and Compliance: This domain covers identifying, assessing, and mitigating potential threats while ensuring adherence to regulations in supply management.

Topic 4

Strategy Development: This section covers creating and carrying out long-term supply management plans to meet organisational objectives.

Topic 5

People Development and Coaching: In this section, focus is on nurturing talent and fostering skills growth within the supply management team.

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ISM Leadership and Transformation in Supply Management Sample Questions (Q99-Q104):

NEW QUESTION # 99
After analyzing its relationships with other departments, supply management decides to revise its stocking levels and order forecasting in order to streamline processes and reduce costs. Which of the following is the BEST way for the supply management organization to introduce these changes to the departments involved?

A. Obtain endorsements from other departments
B. Use best-in-class comparisons to show how the new policies will advance the organization
C. Demonstrate the long-term savings to be realized
D. Meet with internal customers to address any changes that might impact their operations

Answer: D

Explanation:
* Introducing Changes: Revising stocking levels and order forecasting can significantly impact various departments within the organization.
* Engagement with Internal Customers: Meeting with internal customers ensures that their concerns and operational needs are addressed, facilitating smoother implementation and greater acceptance of the changes.
* Collaboration and Communication: This approach promotes transparency, builds trust, and allows for collaborative problem-solving to mitigate any negative impacts on other departments.
* Long-term Success: Engaging internal customers helps align the changes with overall organizational goals and ensures that all stakeholders are on board and supportive.
* Reference: Change management literature, such as John Kotter's "Leading Change" and resources from the Prosci Change Management Institute, emphasize the importance of stakeholder engagement and communication in successful change initiatives.

NEW QUESTION # 100
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?

A. Develop metrics with a standard method for monitoring
B. Require that the head of procurement address the policies and procedures in an upcoming staff meeting
C. Conduct general training so that employees are aware of the policies and procedures
D. Feature the policies and procedures in a monthly newsletter with a communication plan

Answer: A

Explanation:
To ensure that procurement employees follow the newly released policies and procedures, developing metrics with a standard method for monitoring is the most helpful approach. Leadership and transformation management documents emphasize the importance of establishing clear, measurable standards and monitoring compliance. This approach provides objective data on adherence to policies and procedures, allowing for timely identification and correction of any deviations. Reference highlight that effective monitoring and metrics are critical for maintaining accountability and continuous improvement in organizational processes.

NEW QUESTION # 101
Which of the following is an example of a before-the-fact management control?

A. Policies and procedures manual
B. Audit review
C. Process benchmarking
D. Internal customer survey

Answer: A

Explanation:
A policies and procedures manual is an example of a before-the-fact management control. Before-the-fact controls are proactive measures designed to guide employee actions and prevent issues before they arise. Leadership and transformation management documents stress the importance of establishing clear guidelines and procedures to ensure consistent and compliant operations. A policies and procedures manual provides detailed instructions and expectations for employees, helping to prevent deviations from standard practices. Reference emphasize that such manuals are essential tools for maintaining control over organizational processes and ensuring alignment with strategic goals.

NEW QUESTION # 102
A U.S. company wants to expand its business and market to the government. This will require government approval of a small business plan, encompassing proposed spend with several categories of small businesses. The firm's supply manager has been asked to investigate the requirements to comply with this new market. Which of the following is the BEST course of action for the supply manager to take in this situation?

A. Review Federal Acquisition Regulations Part 19
B. Contact the National Bureau of Labor Standards
C. Benchmark the best practices of several leading competitors
D. Contact the Library of Congress and use one of its small business lists

Answer: A

Explanation:
* Understanding the Requirement: To expand business and market to the government, the company must comply with federal regulations, specifically those pertaining to small business participation.
* Federal Acquisition Regulations (FAR): FAR Part 19 focuses on Small Business Programs. It provides the policies and procedures for ensuring small businesses receive a fair proportion of government contracts.
* Compliance Necessity: Reviewing FAR Part 19 will provide the supply manager with the necessary guidelines and requirements to develop an acceptable small business plan. This includes understanding the definitions, eligibility criteria, and mandatory goals for various categories of small businesses.
* Best Course of Action: By thoroughly reviewing FAR Part 19, the supply manager can ensure the company's small business plan meets all legal and regulatory requirements, increasing the likelihood of government approval.
* Reference: The Federal Acquisition Regulation (FAR) is the principal set of rules in the Federal Acquisition Regulations System. Specific information can be found in FAR Part 19, accessible through government websites and procurement training resources.

NEW QUESTION # 103
A supply management department is frequently cited by auditors for noncompliance with internal controls, even though the department continually tries to improve its performance. Which of the following should the department manager do FIRST to address this situation?

A. Ask the auditors for additional justification
B. Reevaluate policies and standard operating procedures
C. Expand employee training on policies and procedures
D. Conduct pre-audit performance reviews

Answer: B

Explanation:
* Identification of Issues: Frequent citations for noncompliance suggest systemic issues within current policies and procedures.
* Policy Reevaluation: The first step in addressing these issues is to conduct a thorough review of existing policies and standard operating procedures (SOPs) to identify any gaps or inefficiencies.
* Root Cause Analysis: Reevaluating policies allows the department to determine the root causes of noncompliance and develop targeted improvements.
* Stakeholder Involvement: Engaging with stakeholders, including auditors and staff, during the reevaluation process ensures that the revised policies address practical concerns and compliance requirements.
* Continuous Improvement: Implementing updated policies and procedures establishes a foundation for ongoing compliance and performance improvement.
* Reference: Internal control frameworks such as COSO (Committee of Sponsoring Organizations of the Treadway Commission) emphasize the importance of robust policies and procedures in maintaining compliance and operational efficiency.

NEW QUESTION # 104
......

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