ISM Exam LEAD Topic 6 Question 20 Discussion

Actual exam question for ISM's LEAD exam

Question #: 20
Topic #: 6

[All LEAD Questions]

A retail chain is looking to gain a competitive edge in the market. The firm wants to allow visibility throughout the company and enhance supply performance regarding demand forecasting, inventory management, and transportation. In this situation, which of following will be MOST effective?

AInternal collaboration

BE-Systems integration

CPerformance monitoring

DValue chain and supply mapping

Show Suggested Answer

Suggested Answer: C

Risk Assessment Overview: The sole source supplier has a single database location, creating a risk for the supply of an integral component.

Long-term Solution: Reducing the component's uniqueness to allow for alternate sources is a strategic approach. It mitigates the risk associated with dependency on a single supplier and enhances supply chain resilience.

Collaborative Approach: Working with engineering to modify the component design ensures compatibility with multiple suppliers, broadening the supplier base and reducing supply chain vulnerability.

Importance of Alternative Sources: Diversifying the supplier base is crucial in risk management to avoid disruptions caused by supplier-specific issues.

Reference: Supply chain risk management literature, such as 'The Resilient Enterprise' by Yossi Sheffi and guidelines from the Institute for Supply Management (ISM), supports the strategy of reducing dependency on single suppliers through component standardization.

by Rosita at Feb 06, 2025, 02:12 PM

Limited Time Offer

25%

Off

Get Premium LEAD Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jani

1 months ago

E-Systems integration? More like E-Zystems integration, am I right? Get it, guys? Eh, tough crowd.

upvoted 0 times

Vilma

3 days ago

B: I think E-Systems integration could really streamline things.

upvoted 0 times

...

Nan

15 days ago

A: Internal collaboration sounds like the way to go.

upvoted 0 times

...

Lavonda

1 months ago

Value chain and supply mapping? Sounds like a lot of work. I'd just go with E-Systems integration and call it a day. Less hassle, more efficiency.

upvoted 0 times

Broderick

1 days ago

True, but performance monitoring can also help identify areas for improvement.

upvoted 0 times

...

Glory

3 days ago

But value chain and supply mapping can provide a comprehensive view of the entire supply chain.

upvoted 0 times

...

Izetta

1 months ago

I agree, E-Systems integration can definitely streamline processes.

upvoted 0 times

...

Verlene

2 months ago

Performance monitoring is good, but it's not going to solve the visibility and supply chain issues. E-Systems integration is the way to go, hands down.

upvoted 0 times

Denny

10 days ago

Internal collaboration is important too, but E-Systems integration will have the biggest impact on gaining a competitive edge.

upvoted 0 times

...

Melina

12 days ago

I agree, E-Systems integration can really help streamline operations and improve efficiency.

upvoted 0 times

...

Alecia

17 days ago

D: Value chain and supply mapping could be useful too, but E-Systems integration is the top choice.

upvoted 0 times

...

Shawnda

18 days ago

E-Systems integration is definitely the best option for improving visibility and supply chain performance.

upvoted 0 times

...

Deja

23 days ago

C: Internal collaboration could also be beneficial, but E-Systems integration seems more effective.

upvoted 0 times

...

Anjelica

1 months ago

B: I agree, it will definitely help with visibility and supply chain management.

upvoted 0 times

...

Minna

1 months ago

A: I think E-Systems integration is the best option.

upvoted 0 times

...

Georgene

2 months ago

Internal collaboration is important, but I think E-Systems integration is the way to go. That'll really help streamline the processes and get everyone on the same page.

upvoted 0 times

Merissa

24 days ago

Internal collaboration is important too, but E-Systems integration seems like the best choice.

upvoted 0 times

...

Olga

1 months ago

Value chain and supply mapping could provide valuable insights into the overall process.

upvoted 0 times

...

Elvera

2 months ago

Performance monitoring could also be helpful to track progress and make adjustments.

upvoted 0 times

...

Jannette

2 months ago

I agree, E-Systems integration can definitely improve efficiency.

upvoted 0 times

...

Ma

2 months ago

E-Systems integration seems like the most logical choice here. Connecting the company's systems will definitely improve visibility and performance across the supply chain.

upvoted 0 times

...