A measure of velocity of total inventory movement through the organization, found by dividing annual sales by the average aggregate inventory value maintained during the year is called:
A. Inventory proceeds
B. Inventory turnover
C. Inventory yield
D. Inventory return
The costs of logistics services should be determined; these costs plus an added value or markup becomes the:
A. Transfer price
B. Productivity cost
C. Operational price
D. Professional supply cost
A scoreboard is simply a form of performance measurement and management that records the ratings from a performance evaluation process.
A. True
B. False
The supply management professional may use which mean to resolve the logical conflicts?
A. Litigation
B. Negotiation
C. Acceptance
D. All of the above
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
Organizations that perform freight auditing are called:
A. Traffic consultants
B. Auditing consultants
C. Transportation consultants
D. Service consultants
Which of the following is the area of concern to logistics?
A. Inventory
B. Transportation
C. Customer service
D. All of the above
Who retain experts in global shipping to assist smaller organizations that do not have the necessary experience or expertise?
A. Global trade fleet
B. Global third parties
C. Foreign freight forwarders
D. Global shipping and inspections
Which of the following is NOT the group of International Commercial Terms?
A. Group E
B. Group F
C. Group C
D. Group K
Independent organizations that design and manage some or all of an organization's logistical needs are known as:
A. Third-party logistics
B. Freight forward logistics
C. Maintenance logistics
D. Global logistics
Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only ISM exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your CPSM1 exam preparations and ISM certification application, do not hesitate to visit our Vcedump.com to find your solutions here.