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Exam Topics for CPSM® Certified Professional in Supply Management®
The following will be discussed in ISM CPSM exam dumps:
- Supply Management Integration
- Leadership and Transformation in Supply Management
- Supply Management Core
NEW QUESTION 51
Which of the following essentially translate an organization's business plan into an operation plan?
- A. Services resources
- B. Requirement plan
- C. Capital investment plan
- D. Staffing plan
Answer: D
NEW QUESTION 52
Any material, component or product that is held for use at a later time is known as:
- A. Asset
- B. Inventory
- C. Record
- D. Cash
Answer: B
NEW QUESTION 53
A macro-level evaluation of an organization's internal and external forces is called:
- A. Functional analysis
- B. Expert analysis
- C. SWOT analysis
- D. Paradox analysis
Answer: C
NEW QUESTION 54
A form of network diagram that graphically portray the sequential relationships and interdependence between the project tasks is called:
- A. Development Method
- B. Critical Path Method
- C. Steps Forward Method
- D. Evolutionary Method
Answer: B
NEW QUESTION 55
Which system was designed to align individual, unit and organizational efforts with the strategic goals set for the organization?
- A. Performance evaluation system
- B. Interrelationship of Measurements systems
- C. Performance effectiveness management system
- D. Internal business systems
Answer: C
NEW QUESTION 56
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. Online scheduling
- C. Inventory scheduling
- D. Just-in-time scheduling
Answer: A
NEW QUESTION 57
The mean of at least two recent periods of demand data is the basis for the next period's demand forecast is the description of which quantitative forecast method?
- A. Weighted moving average
- B. Simple moving average
- C. Exponential smoothing forecast
- D. Naive forecast
Answer: B
NEW QUESTION 58
According
to the supply management, one of the most useful ways to develop is to begin with an inventory report listing all items in descending order of dollar spent.
- A. Slope classification
- B. Gradient classification
- C. Top-down classification
- D. ABC classification
Answer: D
NEW QUESTION 59
The process of coordinating the organization, planning, scheduling, controlling, monitoring and evaluating of activities so that the objectives of a project are met is known as:
- A. Project Organization
- B. Project Executive
- C. Project Life cycle
- D. Project Management
Answer: D
NEW QUESTION 60
With what an organization's inventory values are kept continuously in line with its actual inventory on hand?
- A. Services inventory control system
- B. Temporary inventory control system
- C. Perpetual inventory control system
- D. Periodic inventory control system
Answer: C
NEW QUESTION 61
A value that allows data to be measured over time in terms of some base period is known as:
- A. Deflator
- B. Implicit indicator
- C. Adjusted indexing
- D. Balance of inflation
Answer: A
NEW QUESTION 62
Which of the following is NOT the type of budget that the supply management budget includes?
- A. Purchased materials
- B. Expense budget
- C. Capital budget
- D. Maintenance budget
Answer: B
NEW QUESTION 63
A scoreboard is simply a form of performance measurement and management that records the ratings from a performance evaluation process.
- A. False
- B. True
Answer: B
NEW QUESTION 64
According to Juran, which of the following three management processes are essential for all organizations?
- A. Quality assurance, process improvement and resource planning
- B. Quality management, quality improvement and resource planning
- C. Variation control, resource improvement and quality planning
- D. Quality control, quality improvement and quality planning
Answer: D
NEW QUESTION 65
What is expressed in a way that indicates price changes over time?
- A. Inflation
- B. Discrepancy
- C. Index
- D. Variance
Answer: C
NEW QUESTION 66
Which of the following are the three types of supplier audits?
- A. Performance audit, process audit and Timely audit
- B. Systems audit, Performance audit and Product audit
- C. Business audit, Performance audit and Product audit
- D. Systems audit, process audit and Product audit
Answer: D
NEW QUESTION 67
Which of the following is NOT the component
used to calculate the inventory holding costs?
- A. Obsolescence
- B. Released rates
- C. Invested funds
- D. Shrinkage
Answer: B
NEW QUESTION 68
What promote the use and development of small businesses including minority-owned and women-owned organizations?
- A. Supplier development programs
- B. Supply Management programs
- C. Supplier diversity programs
- D. Compliance metrics
Answer: C
NEW QUESTION 69
What can be described as a precise and measurable variable that is inherently present in the characteristics of a product or service?
- A. Equipment
- B. Cost
- C. Quality
- D. Time
Answer: C
NEW QUESTION 70
What is used to establish a relationship between the cost, schedule and technical aspects of a project?
- A. Earned value management system
- B. Resource management system
- C. Cost Lead system
- D. Key performance indicator systems
Answer: A
NEW QUESTION 71
The amount of reserve capacity that a firm maintains to handle sudden increases in demand or temporary losses of production capacity is called:
- A. Capacity staffing
- B. Capacity cushion
- C. Capacity capability
- D. Capacity board
Answer: B
NEW QUESTION 72
A valid concept of connectedness that allows an organization to maintain a high level of confidence in its distribution system is the:
- A. Commodity warehouse
- B. Allocation warehouse
- C. Implicit warehouse
- D. Virtual warehouse
Answer: D
NEW QUESTION 73
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 Equipment
- C. Process flowcharting
- D. Process Planning
Answer: A
NEW QUESTION 74
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