[Nov-2021] CPSM Pre-Exam Practice Tests | Exam Questions and Answers for ISM CPSM Study Guide
Certified Professional in Supply Management (CPSM) Certification Sample Questions
Understanding functional and technical aspects of CPSMî Certified Professional in Supply Managementî Identify Requirements
The following will be discussed in ISM CPSM dumps:
- Analyze expected wellsprings of items or administrations
- Analyze and educate on achievability with respect to inward client demands
- Implement key sourcing plans lined up with authoritative and partner goals
- Survey partner needs and sort out into sourcing plans
- Leverage spend through the ID, advancement and execution of sourcing techniques
- Identify and carry out advances to help supply the board
- Determine techniques to handle necessities for merchandise or administrations dependent on cost, timing, existing agreements and serious offering, as proper
- Conduct investigations to create embracing or re-appropriating system
- Evaluate serious contributions to recognize the general best proposal for an item or administration
- Prepare sales for cutthroat offers, citations and proposition with appropriate details, terms and conditions
NEW QUESTION 65
At which level, rudimentary contract management processes exist with some informal documentation but there is no accountability for not following the standards and processes?
- A. Integrated
- B. Initial
- C. Ad hoc
- D. Structured
Answer: C
NEW QUESTION 66
and are two
examples of organizations that operate in projectized structure environment.
- A. Small accounting firms and construction organizations
- B. Large Procurement firms and production organizations
- C. Large accounting firms and assembly organizations
- D. Large accounting firms and construction organizations
Answer: D
NEW QUESTION 67
The implementation of a measurement-based strategy aimed at reducing variances and improving processes is the objective of:
- A. Performance specification
- B. Performance life cycle
- C. Quality model
- D. Six sigma
Answer: D
NEW QUESTION 68
A useful tool for summarizing and displaying the distribution of a process data set is called:
- A. None of the above
- B. Portfolio
- C. Circulatory bias
- D. Histogram
Answer: D
NEW QUESTION 69
The time that elapses from placement of an order until receipt of the order is called:
- A. Central time
- B. Control time
- C. Lead time
- D. Follow up time
Answer: C
NEW QUESTION 70
An appraisal process developed to measure and improve an organization's critical core capabilities is called:
- A. Supply Management Performance
- B. Acquisition Validation Model
- C. Capability Maturity Model Integration
- D. Capability Maturity Model
Answer: D
NEW QUESTION 71
According to Project Management Institute,
which of the following is NOT the process group of project?
- A. Closing
- B. Executing
- C. Initiating
- D. Organizing
Answer: D
NEW QUESTION 72
The process of accessing progress toward achieving predetermined goals is called:
- A. Professional development
- B. Performance measurement
- C. Efficiency evaluation
- D. Support center
Answer: B
NEW QUESTION 73
happens when one or more existing competitors realize an opportunity to improve their position or when they are responding to the pressure from other competitors
- A. Antagonism
- B. Substitute bargaining
- C. Business Conflict
- D. Rivalry
Answer: D
NEW QUESTION 74
The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as:
- A. Reverse logistics
- B. Multichannel logistics
- C. Rearrange Materials logistics
- D. Switch State art logistics
Answer: A
NEW QUESTION 75
Applying the value of existing equipment against the purchase of new is referred to as:
- A. Action
- B. Bidding
- C. Trade-in
- D. Equipment sales
Answer: C
NEW QUESTION 76
A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:
- A. None of the above
- B. Reconciliation
- C. Cycle counting
- D. Continuous inventory
Answer: C
NEW QUESTION 77
What involves creating a visual depiction of a process, is the starting point to help understand each process and identify the sequencing of each process?
- A. Process mapping
- B. Process flowcharting
- C. Process Equipment
- D. Process Planning
Answer: A
NEW QUESTION 78
Forecasters also estimate bias by using a , which is a ratio of the running sum of forecast errors to the cumulative Mean Absolute Deviation (MAD).
- A. Tracking signal
- B. Key pointer
- C. Single period method
- D. Mean square error method
Answer: A
NEW QUESTION 79
Which of the following is NOT the group of International Commercial Terms?
- A. Group E
- B. Group C
- C. Group K
- D. Group F
Answer: C
NEW QUESTION 80
A large number of suppliers who are all capable of supplying the same product, and the dollars in:
- A. Leveraged items
- B. Non-critical items
- C. Bottleneck items
- D. Operational items
Answer: A
NEW QUESTION 81
Services provided from third parties fall into which of the following area?
- A. All of the above
- B. Maintenance/ Support
- C. Consulting
- D. Customization
Answer: A
NEW QUESTION 82
According to Jason Westland, author of Project management Life Cycle, a business case should NOT include which of the following?
- A. post-recommended solution
- B. benefits, costs, risks and feasibility for each available option
- C. options available to solve the problem
- D. a description of the problem under consideration
Answer: A
NEW QUESTION 83
A term used to describe a 'one piece flow' business strategy that allows an organization to establish a continuous sequencing of product, within a flow process is known as:
- A. Flow manufacturing
- B. Just-in-time scheduling
- C. Online scheduling
- D. Inventory scheduling
Answer: A
NEW QUESTION 84
A facility used
for
receiving, storing
and
organizational strategies is known as a:
- A. Warehouse
- B. Depot
- C. Terminus
- D. Commodity
Answer: A
NEW QUESTION 85
Seasonality can be forecast using a multiplicative model to create a seasonal index.
- A. True
- B. False
Answer: A
NEW QUESTION 86
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