VALID LEAD TEST TOPICS - LEAD EXAM COLLECTION PDF

Valid LEAD Test Topics - LEAD Exam Collection Pdf

Valid LEAD Test Topics - LEAD Exam Collection Pdf

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ISM LEAD Exam Syllabus Topics:

TopicDetails
Topic 1
  • Stakeholder Engagement: The section covers cooperating and communicating effectively with internal and external stakeholders impacted by supply chain choices.
Topic 2
  • Systems Capability and Technology: This domain covers developing talent and expanding skill sets among the supply management group members.
Topic 3
  • People Development and Coaching: In this section, focus is on nurturing talent and fostering skills growth within the supply management team.
Topic 4
  • Strategy Development: This section covers creating and carrying out long-term supply management plans to meet organisational objectives.
Topic 5
  • Risk and Compliance: This domain covers identifying, assessing, and mitigating potential threats while ensuring adherence to regulations in supply management.

>> Valid LEAD Test Topics <<

LEAD Exam Collection Pdf - Valid LEAD Exam Syllabus

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ISM Leadership and Transformation in Supply Management Sample Questions (Q104-Q109):

NEW QUESTION # 104
The supply manager for a decentralized supply management organization is looking to transition the department's current buyers into category managers. The supply manager wishes to make these changes with minimal organizational disruption. Which of the following arrangements would BEST accomplish this goal?

  • A. A matrix organization, whereby each category manager reports to both the head of the location and the supply manager
  • B. A decentralized reporting structure, where the supply manager controls processes through annual goals and objectives assigned to each category manager
  • C. A project organization, where category managers are assigned by priorities based on greatest aggregate spend and business
  • D. A center-led purchasing organization, with the new category managers reporting to the supply manager and assigned to their original locations

Answer: D

Explanation:
To transition the department's current buyers into category managers with minimal organizational disruption, adopting a center-led purchasing organization is the best approach. In this arrangement, new category managers report to the supply manager while remaining at their original locations. Leadership and transformation management documents highlight the benefits of a center-led structure, which combines the advantages of centralized control and decentralized execution. This structure allows for consistent strategy and policy implementation across the organization while maintaining the flexibility of decentralized operations. Reference from these documents emphasize that this hybrid approach minimizes disruption and ensures a smooth transition by leveraging existing relationships and local knowledge.


NEW QUESTION # 105
DEF, Inc. is finalizing a contract to have its head office refurbished. Within its budget of $1.2 million there is a general risk fund of $30,000. The building is old, and the electrical wiring drawings do not appear up to date. The total project bid from Supplier X is $1 million. This includes a fee of $20,000 for updating electrical wiring drawings and the contractors' risk fund of $100,000, half of which is for building-related issues, and half of which is for electrical issues.
DEF decides to assume the risk of electrical issues. What is the contract price paid to Supplier X?

  • A. $900,000
  • B. 5950,000
  • C. 51,000,000
  • D. $930,000

Answer: A

Explanation:
DEF, Inc. decides to assume the risk of electrical issues, which means they will deduct the portion of the contractor's risk fund allocated for electrical issues from the total project bid. Supplier X's total bid is $1 million, including $100,000 for the contractor's risk fund (half for building issues and half for electrical issues). Since DEF assumes the electrical risk, the contract price should be reduced by the $50,000 allocated for electrical issues:
Contract price=$1,000,000-$50,000=$950,000text{Contract price} = $1,000,000 - $50,000 = $950,000Contract price=$1,000,000-$50,000=$950,000 However, the question might have a typo. Correcting it for clarity:
The general risk fund of $30,000 mentioned is part of the $1.2 million budget and doesn't affect the contractor's bid directly. Therefore, the contract price paid to Supplier X should indeed be:
$1,000,000-$50,000=$950,000$1,000,000 - $50,000 = $950,000$1,000,000-$50,000=$950,000 Thus, the correct contract price, assuming no other deductions, is $950,000.


NEW QUESTION # 106
Smith is a supervisor in a supply management department. Other employees in the department have complained that Smith often makes derogatory comments and inappropriate remarks towards a particular cultural group. The department director meets several times with Smith to discuss these issues. Smith responds by becoming increasingly upset and retaliating against employees rumored to be making complaints. The situation continues to deteriorate, to the point that another manager reports concerns to human resources. Disciplinary action against Smith is then initiated.
Which of the following is the MOST serious issue described in this scenario?

  • A. The negative effects of the rumor mill and workplace infighting
  • B. The lack of documentation to support allegations
  • C. The director's failure to follow through with a corrective action plan
  • D. Smith's perception of the manager as uncaring or ineffectual

Answer: C

Explanation:
The most serious issue in this scenario is the director's failure to follow through with a corrective action plan. Leadership and transformation management documents emphasize the importance of addressing inappropriate behavior promptly and effectively to maintain a positive workplace culture and prevent escalation. The director's repeated meetings with Smith without implementing a corrective action plan allowed the situation to deteriorate further, leading to retaliation and increased workplace tension. Reference highlight that effective leadership involves not only identifying and discussing issues but also taking decisive actions to resolve them, ensuring that organizational policies are upheld and a respectful work environment is maintained. Documenting actions and maintaining clear communication with HR are also essential steps in managing such situations effectively.
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NEW QUESTION # 107
DEF, Inc. is a large global manufacturer. Two of DEF's supply managers, who are located in offices in different countries, are assigned to lead a new product development team. The team is to be comprised of two stakeholders from each of the supply managers' locations. The supply managers, as well as their respective departments, have had some friction between them in the past, and there is concern they will not be able to work together effectively on this project. Of the following, the BEST approach for assigning stakeholders to the team would be for the supply managers to

  • A. ask senior management to intervene in making the stakeholder assignments
  • B. select stakeholders from their own locations
  • C. create a list of stakeholders from each location and make the selections together
  • D. select stakeholders from each other's locations

Answer: C

Explanation:
* Conflict Resolution: Given the history of friction between the supply managers and their departments, a collaborative approach is necessary to prevent further conflict and ensure effective teamwork.
* Joint Decision Making: By creating a list of stakeholders from each location and making the selections together, the supply managers can ensure that the team is balanced and that all perspectives are considered. This collaborative approach fosters a sense of shared ownership and mutual respect.
* Stakeholder Involvement: Involving both managers in the selection process ensures that the chosen stakeholders are acceptable to both parties, reducing the likelihood of bias and increasing the commitment of all team members.
* Building Trust: Working together to select stakeholders can help build trust and improve the working relationship between the supply managers, setting a positive tone for the project.
* Reference: This approach aligns with best practices in team building and conflict resolution as discussed in leadership and management literature, including works like "The Five Dysfunctions of a Team" by Patrick Lencioni and guidelines from the Project Management Institute (PMI).


NEW QUESTION # 108
When prioritizing a supply management department's goals and objectives for the coming year, the department should place the MOST emphasis on which of the following?

  • A. Ways in which the department can support the organization
  • B. Goals that will have greatest impact on the department
  • C. Key items identified by the business unit planning process
  • D. First priorities in the functional planning process

Answer: A

Explanation:
* Alignment with Organizational Goals: The supply management department's goals and objectives should align with and support the overall strategic goals of the organization.
* Impact on Business Success: Prioritizing ways the department can support the organization ensures that supply management activities directly contribute to the company's success and competitive advantage.
* Functional Integration: This approach fosters better integration and collaboration between the supply management department and other business units, leading to more cohesive and effective operations.
* Strategic Focus: Emphasizing organizational support ensures that the department's goals are strategic rather than merely operational or departmental, driving broader business impact.
* Reference: Strategic management literature, including "Strategic Management: Concepts and Cases" by Fred R. David and resources from the Balanced Scorecard Institute, support the importance of aligning departmental goals with organizational objectives.


NEW QUESTION # 109
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