ISM Leadership and Transformation in Supply Management LEAD Question # 13 Topic 2 Discussion
LEAD Exam Topic 2 Question 13 Discussion:
Question #: 13
Topic #: 2
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
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.
References:
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)
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