INTE Exam Questions & Answers
Supply Management Integration • ISM
100% money-back guarantee
Sample INTE Questions
Practice with real exam-style questions, each with the verified correct answer and explanation.
A firm has a 50% chance of receiving its daily purchases of fresh bread from a supplier in the event a regional flooding incident. The supply manager approaches two suppliers in geographic locations less likely to be disrupted by the event, and both agree to be ad-hoc suppliers. Their likelihoods of supplying in the event of the flood incident are 75% and 80% respectively. If the flooding event occurs, purchases would be sought from all three companies. Based on this information, what is the probability of the firm being supplied fresh bread during a major regional flooding event'
The probability of receiving supplies from at least one supplier is calculated by considering the complementary probabilities of not receiving from each. The formula used is 1 - (1 - 0.5) (1 - 0.75) (1 - 0.8), resulting in a 99.5% probability of supply during the event.
A company moves its warehouse operations to a new location. Soon after, the company experiences higher shipping costs and delays in meeting delivery dates. Which of the following is the MOST likely cause of these increased costs and delays?
Access issues at the new warehouse can lead to increased delivery times and shipping costs, as drivers may face delays or require alternative routes. Resolving access problems is crucial for restoring efficient operations.
Which of the following refers to the percentage of order requirements met through stock that is present on the shelf?
The fill rate refers to the percentage of customer order requirements met directly from stock on hand. It measures the effectiveness of inventory management in fulfilling customer demand without delays, thus indicating the availability of products on the shelf.
Which of the following refers to the practice of buying a commodity on the open market for immediate delivery?
Spot buying refers to the purchase of commodities on the open market for immediate delivery. This practice is typically used to meet urgent needs or take advantage of favorable market conditions. It contrasts with forward buying, which involves purchasing for future delivery to lock in prices or quantities.
GHI, Inc. is a U.S.-based company with an expanding product line. GHI widens its sourcing of components to global suppliers, including suppliers in countries which are not included in trading blocs or bilateral agreements with the United States. Compliance with which of the following will MOST likely reduce GHI's administrative burden of cargo inspections on materials imported from these sources?
GHI, Inc. would benefit most from compliance with the Customs-Trade Partnership Against Terrorism (C-TPAT) (Option D). This initiative helps reduce the administrative burden of cargo inspections by establishing security guidelines and facilitating faster customs processing for participating companies. By aligning with C-TPAT, GHI can ensure smoother import procedures, even when dealing with countries outside of specific trading blocs. Reference: U.S. Customs and Border Protection information on C-TPAT.
Get access to all 167 verified questions with detailed answers.
Unlock All INTE Questions