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ISM INTE Exam - Topic 3 Question 20 Discussion

Actual exam question for ISM's INTE exam
Question #: 20
Topic #: 3
[All INTE Questions]

A company develops long range material forecasts, analyzes industry trends, determines commodities for value analysis, and assesses supplier capabilities to assure continual economic supply of goods and services. This company is engaged in

Show Suggested Answer Hide Answer
Suggested Answer: C

Parts that were used for maintenance of equipment sold in the previous year but cannot be used on current equipment are best described as obsolete. Obsolete inventory refers to items that are no longer usable or saleable due to advancements in technology or changes in market demand. These parts should be identified and removed from active inventory to free up space and reduce carrying costs. Reference:

* Heizer, J., Render, B., & Munson, C. (2017). Operations Management: Sustainability and Supply Chain Management. Pearson.

* Chopra, S., & Meindl, P. (2015). Supply Chain Management: Strategy, Planning, and Op-eration. Pearson.


Contribute your Thoughts:

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Serita
3 months ago
Inventory control doesn't fit here at all.
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Harris
3 months ago
Wait, are they really doing all that? Seems too good to be true.
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Twana
4 months ago
Definitely early supplier involvement!
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Sue
4 months ago
I think it's more about supply chain mapping.
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Jamal
4 months ago
Sounds like market intelligence to me.
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Ollie
4 months ago
Inventory control seems off for this question; it’s more about managing stock levels, right?
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Dorsey
4 months ago
Early supplier involvement sounds familiar, but I feel like that’s more about collaboration than just analyzing capabilities.
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Keneth
5 months ago
I'm not entirely sure, but I remember something about supply chain mapping focusing more on logistics rather than trends.
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Rebbeca
5 months ago
I think this might be related to market intelligence since it involves analyzing trends and forecasts.
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Gladys
5 months ago
This is right up my alley! The company is doing all the classic supply chain management activities, so the answer has to be B - market intelligence.
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Lili
5 months ago
I'm a bit confused by all the details in the question. I'll need to re-read it carefully and think through each answer option to make sure I don't miss anything.
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Brittni
5 months ago
Okay, I've got this. The company is clearly engaged in strategic supply chain management, so the answer has to be B - market intelligence.
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Trinidad
5 months ago
Hmm, this is a tricky one. The question mentions a lot of different supply chain activities, so I'll need to carefully consider how they all fit together.
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Brock
5 months ago
This seems like a straightforward supply chain management question. I'll focus on the key activities described and match them to the answer choices.
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Fernanda
10 months ago
If this company's forecasts are as long-range as the material they're procuring, they must be using a crystal ball or a time machine!
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Cheryll
9 months ago
D) inventory control
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Adell
9 months ago
C) early supplier involvement
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Karan
9 months ago
B) market intelligence
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Selma
10 months ago
A) supply chain mapping
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Kathrine
10 months ago
Haha, inventory control? Really? Option D is just way off the mark. This company is clearly focusing on strategic supply chain management, not just inventory.
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Bernardo
11 months ago
This is a tough one, but I think Option A is the best answer. Supply chain mapping is the core activity described in the question.
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Lindsey
10 months ago
I think market intelligence could also play a role in analyzing industry trends and forecasting materials.
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Nida
10 months ago
I agree, supply chain mapping is crucial for ensuring a steady supply of goods and services.
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Loren
11 months ago
I'm leaning towards Option C. Early supplier involvement is crucial for the company to assess supplier capabilities and assure economic supply.
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Titus
11 months ago
Option B seems to be the most accurate. The company is gathering market intelligence to ensure a continuous supply of goods and services.
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Cyril
9 months ago
Inventory control is essential for managing stock levels and avoiding shortages.
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Jesus
10 months ago
Early supplier involvement can help in building strong relationships and securing supply chains.
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Helene
10 months ago
Supply chain mapping could also be important in this scenario to optimize the flow of materials.
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Rashida
10 months ago
I agree, market intelligence is crucial for ensuring a continuous supply of goods and services.
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Cherry
11 months ago
I agree with Candida, it's definitely early supplier involvement.
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Candida
11 months ago
I believe it's early supplier involvement because they assess supplier capabilities.
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Jesusita
11 months ago
I think the company is engaged in market intelligence.
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