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ISM CPSMB Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compliance and Performance Management | - Ethics and compliance in procurement - Continuous improvement practices - Supplier performance measurement |
| Topic 2: Supply Management Core Knowledge | - Supply chain integration and operations - Category management principles - Procurement and sourcing fundamentals |
| Topic 3: Sourcing and Category Strategy | - Supplier evaluation and selection - Strategic sourcing processes - Contracting and negotiation strategies |
| Topic 4: Leadership and Business Acumen | - Leadership in supply management - Risk management and decision-making - Financial and business analysis |
ISM CPSM Bridge Sample Questions:
Technology and application tools which standardize strategic sourcing procedures include all the following EXCEPT.
- A. SPSS
- B. ANSI-X12
- C. Minitab
- D. Adobe
Correct Answer: D 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
Supply management functions are increasingly important in relation to organizational budgeting, objectives, staffing, and policy. Supply management professionals must include the elements of organizational composition which include all of the following EXCEPT.
- A. Staffing, which includes effective deployment of staff.
- B. Policy development processes which represent a broad statement of the direction of the organization.
- C. Financial, which includes all assets, depreciation, and inventory on order and on hand.
- D. Objectives, which represent organizational success factors.
Correct Answer: C 🗳️
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Goals of organizations implementing ERP include all of the following EXCEPT.
- A. Improved operational efficiency
- B. Cost savings
- C. Better customer service
- D. Better links to buyers
Correct Answer: D 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
Exchange rates may change over time in response to different forces, which choice is not a prominent force for exchange rates?
- A. Changes in the Gross Domestic Product (GDP).
- B. Domestic inflation rates compared to foreign inflation rates.
- C. International movements of capitals and incomes.
- D. Commercial policies of government that are barriers to trade such as tariffs.
Correct Answer: A 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
The cost the organization would incur if a supplier does not perform on time or within specifications is?
- A. Opportunity costs due to non performance.
- B. Loss of delivery costs due to non performance.
- C. Incurred damages in supply transfer.
- D. Liquidated damages of supply management.
Correct Answer: D 🗳️
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