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Understanding functional and technical aspects of CPSMî Certified Professional in Supply Managementî Identify Requirements
The following will be discussed in ISM CPSM dumps:
- Develop financing strategies for purchases
- Prepare and/or administer a supply management department budget
- Verify that sufficient reporting exists
NEW QUESTION 42
Terms where the seller is responsible for delivering the goods to a carrier named by the
buyer is the:
- A. Group E
- B. Group F
- C. Group K
- D. Group C
Answer: B
NEW QUESTION 43
New product ideas fall into following categories except:
- A. Incremental ideas
- B. Derivative ideas
- C. Production ideas
- D. Breakthrough ideas
Answer: C
NEW QUESTION 44
By using which process, the financial services provider improved an established sourcing process to convey clear expectations to service providers?
- A. DMAIC (define, measure, analyze, improve, control)
- B. DMATM (define, manage, analyze, test, maintenance)
- C. DMMDV (develop, measure, manage, distribute, maintenance)
- D. DMADV (define, measure, analyze, design, verify)
Answer: A
NEW QUESTION 45
A temporary endeavor undertaken to create a unique product or service is called:
- A. Build
- B. Enterprise
- C. Development
- D. Project
Answer: D
NEW QUESTION 46
Which of the following is NOT the element o0f a project plan?
- A. Replenishment plan
- B. Objectives
- C. Contractual agreements
- D. Resource requirements
Answer: A
NEW QUESTION 47
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 48
An increasing or decreasing patterns of demand over time is considered as a:
- A. Cycle
- B. Trend
- C. Analysis
- D. Seasonality
Answer: B
NEW QUESTION 49
An inventory management program where information is submitted electronically from the customer to supplier is called:
- A. None of the above
- B. Front office program
- C. Add-on program
- D. Continuous replenishment program
Answer: D
NEW QUESTION 50
What usually refers to a particular type of computer software package that integrates various functions within an organization?
- A. Process resource planning
- B. Information resource planning
- C. Enterprise resource planning
- D. Materials resource planning
Answer: C
NEW QUESTION 51
A relatively small amount of the population controlled the majority of the wealth, this is known as:
- A. Controlled analysis
- B. Ratio analysis
- C. Statistical analysis
- D. Pareto analysis
Answer: D
NEW QUESTION 52
According to Juran, which of the following three management processes are essential for all organizations?
- A. Quality management, quality improvement and resource planning
- B. Variation control, resource improvement and quality planning
- C. Quality control, quality improvement and quality planning
- D. Quality assurance, process improvement and resource planning
Answer: C
NEW QUESTION 53
which mean to resolve the logical
When both parties end a negotiation feeling content with what they have bargained, this is referred to as:
- A. Procurement scheme
- B. win-win proposition
- C. Superior intention
- D. Disputed proposal
Answer: B
NEW QUESTION 54
confirms that a change has occurred in the economy and tends to follow changes in the economy.
- A. Production indicator
- B. Economy test indicator
- C. Lagging indicator
- D. Leading indicator
Answer: C
NEW QUESTION 55
A project manager is assigned to a project, either full-time or part-time, depending on the size of the project, and then must negotiate for the services of individual team members with each appropriate functional manager in:
- A. Control Organization
- B. Project Organization
- C. Matrix Organization
- D. Functional Organization
Answer: C
NEW QUESTION 56
Third parties who act as intermediaries between buyer and seller are known as:
- A. Dealer
- B. Agent
- C. Negotiator
- D. Brokers
Answer: D
NEW QUESTION 57
A chart that captures all the possible causes of a problem in a format designed to show their relationships to the problem and to each other is known as:
- A. Integration progress chart
- B. Performance-biased diagram
- C. Fishbone diagram
- D. Root cause chart
Answer: C
NEW QUESTION 58
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 59
A one-way system with incoming goods flowing to the left of the entry and into one of the three storage areas, depending on usage is the:
- A. Inverted T warehouse
- B. Through-flow warehouse
- C. Inverted U warehouse
- D. Cross-flow warehouse
Answer: D
NEW QUESTION 60
What help supply management personnel develop an appropriate sourcing strategy for items purchased, based on profit impact and supply risk?
- A. Two-by-Two portfolio matrix
- B. Mutual commodity-based matrix
- C. Bilateral alternative matrix
- D. Two-by-Two Indexing matrix
Answer: A
NEW QUESTION 61
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 62
A set of systematic procedures to apply critical thinking to information, data and experience for the purpose of solving problems, making decisions, anticipating future problems and appraising situations is known as:
- A. Rational process analysis
- B. Lucidity analysis
- C. Prioritization matrix analysis
- D. Coherent analysis
Answer: A
NEW QUESTION 63
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 64
Postproduction inspections to ensure the quality of a good or service, and end of process activity to control quality is referred to as:
- A. Quality improvement
- B. Quality assurance
- C. Quality control
- D. Quality management
Answer: C
NEW QUESTION 65
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Salary of CPSMî Certified Professional in Supply Managementî certified professionals
The salary of CPSMî Certified Professional in Supply Managementî certified professionals varies from $102K to $156K depending on the years of experience.
ISM CPSM Exam Syllabus Topics:
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