CPSMB by ISM Actual Free Exam Questions And Answers

Question 1

As the supply management professional executes strategic sourcing plans and is performing a market analysis and risk benefit analysis, using the risk benefit quadrant formula a factor which is STRATEGIC would have which level of risk and benefit?

A. High risk, low benefit

B. Low risk, high benefit

C. High risk, high benefit

D. Low risk, low benefit

Discussion 0

Correct Answer: C Vote an answer

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Question 2

The capacity utilization technique which is best suited to minimize cost and maximize customer service would be?

A. The bull whip effect utilization technique.

B. Flow manufacturing utilization technique.

C. Implementation schedule utilization technique.

D. Sales forecast utilization technique.

Discussion 0

Correct Answer: D Vote an answer

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Question 3

The supply management professional may encounter very complex arrangements of authority. This may be in the form of actual authority, apparent authority, express or implied authority. The type of authority used to describe job description authority and is contained in a written formal statement such as an employment contract is?

A. Implied authority

B. Apparent authority

C. Actual authority

D. Expressed authority

Discussion 0

Correct Answer: D Vote an answer

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Question 4

Which "market characteristic" includes reducing costs by using suppliers in low cost countries where risk is greater in currency fluctuations?

A. Price Uncertainty

B. Global sourcing

C. Number of qualified suppliers

D. Capacity constraints

Discussion 0

Correct Answer: B Vote an answer

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Question 5

Developing, implementing, in managing a risk profile is a complex part of the supply management professionals daily obligations. Which of the following is not a supply chain stakeholder in terms of risk management?

A. Internal stakeholders of the organization

B. External stakeholders of the organization

C. Prospective suppliers of the organization

D. First responders of the organization

Discussion 0

Correct Answer: C Vote an answer

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Question 6

Ramping down one supplier while ramping up a new supplier in an effort to cause the least disruption is called?

A. Supplier reduction ramp down.

B. De-sloping form of ramping down.

C. Gradual transition ramp down.

D. Strategic reduction ramp down.

Discussion 0

Correct Answer: C Vote an answer

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Question 7

If quality is the key objective the suppliers quality control methods, process averages, quality data, and
__________ are important? Choose the BEST response.

A. Prior performance in awarded contracts

B. Previous sales in markets and for contracts awarded

C. Error rate for products they produce.

D. Sigma level for processes or the products they produce.

Discussion 0

Correct Answer: A Vote an answer

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Question 8

Which type of transportation is ideal for large volume movement of low value commodities?

A. Trucking and transport companies.

B. Pipeline

C. Water or waterway shipping

D. Rail transportation

Discussion 0

Correct Answer: D Vote an answer

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Question 9

Attempts to predict future activities with sufficient accuracy to use for planning initiatives are?

A. Operating plan

B. Forecasts

C. Business continuity planning

D. Policies and procedures manuals

Discussion 0

Correct Answer: B Vote an answer

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Question 10

The concept which guides the extent to which the supply management professional may want to charge the supplier for delivery problems is called?

A. Probability comparisons to the very short-term benchmark .

B. Reverse action comparisons to the very short-term benchmark.

C. Reasonableness comparisons to the very short-term benchmark.

D. Responsibility comparisons to the very short-term benchmark.

Discussion 0

Correct Answer: C Vote an answer

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Question 11

In the growth phase the supply management professionals main responsibility is to ensure what?

A. Improved supply for the organization.

B. New supply for the organization.

C. Continuity of supply for the organization.

D. Growth of supply for the organization.

Discussion 0

Correct Answer: C Vote an answer

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Question 12

How does the supply management professional fit into the organization to help provide value to external customers? Which of the following is NOT a correct answer?

A. In distribution this might include cost control, adequate facilities, quality of warehousing and transportation.

B. In service you could include cost control, quality, satisfaction of service and necessary equipment.

C. In product development could include cost control, quality assurance, and meeting technical requirements.

D. In manufacturing, supply managements role could include cost control, assurance of product quality and delivery.

Discussion 0

Correct Answer: C Vote an answer

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