Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

ISM LEAD Exam - Topic 6 Question 40 Discussion

A category manager for an electronics firm is tasked with building a strategy for wiring harnesses for the coming year. Which of the following is the BEST course of action for the category manager to take?
A) Engage relevant stakeholders in order to craft a plan that includes multiple viewpoints
B) Engage senior management to determine what they want from the category in question
C) Ask suppliers to provide sealed bids to determine which one will be the most aggressive in reducing price
D) Focus on suppliers with which the firm spends the most money

ISM LEAD Exam - Topic 6 Question 40 Discussion

Actual exam question for ISM's LEAD exam
Question #: 40
Topic #: 6
[All LEAD Questions]

A category manager for an electronics firm is tasked with building a strategy for wiring harnesses for the coming year. Which of the following is the BEST course of action for the category manager to take?

Show Suggested Answer Hide Answer
Suggested Answer: A

Task Definition: Building a strategy for wiring harnesses requires a comprehensive approach that considers multiple factors and perspectives.

Importance of Stakeholder Engagement:

Ensures the strategy is aligned with the overall business objectives and meets the needs of all departments.

Involves input from those directly affected by or involved in the procurement and usage of wiring harnesses, leading to a more informed and effective strategy.

Best Course of Action:

Engaging Relevant Stakeholders: Gathering input from engineering, production, quality control, and other relevant departments ensures the strategy is robust and addresses all critical aspects.

Creates a sense of ownership and commitment among stakeholders, facilitating smoother implementation.

Outcome:

A well-rounded strategy that considers all necessary viewpoints, leading to better decision-making and successful implementation.


Stakeholder engagement practices from PMI's ''A Guide to the Project Management Body of Knowledge (PMBOK Guide)''

Best practices in category management from the Chartered Institute of Procurement & Supply (CIPS)

Contribute your Thoughts:

0/2000 characters
William
1 day ago
Wait, are we really just going to ignore stakeholder input?
upvoted 0 times
...
Therese
6 days ago
D) makes sense, but it shouldn't be the only focus.
upvoted 0 times
...
Tiera
12 days ago
C) seems risky, sealed bids can lead to poor quality.
upvoted 0 times
...
Dexter
17 days ago
I disagree, B) might be better to align with management goals.
upvoted 0 times
...
Sean
22 days ago
A) is definitely the best choice! Collaboration is key.
upvoted 0 times
...
Nieves
27 days ago
I feel like asking for sealed bids could lead to a race to the bottom. It might not be the best long-term strategy, but I’m not completely confident about that.
upvoted 0 times
...
Daisy
1 month ago
I practiced a similar question where focusing on supplier relationships was key. But I wonder if just looking at spending is enough?
upvoted 0 times
...
Sophia
1 month ago
I’m not entirely sure, but I think engaging senior management could be crucial too. They might have insights that could shape the strategy effectively.
upvoted 0 times
...
Glenna
1 month ago
I remember discussing the importance of stakeholder engagement in class. Option A seems like a solid choice since it involves multiple perspectives.
upvoted 0 times
...

Save Cancel