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Foundation of Supply Management

Exam Details

  • Exam Code
    :CPSM1
  • Exam Name
    :Foundation of Supply Management
  • Certification
    :ISM CPSM
  • Vendor
    :ISM
  • Total Questions
    :128 Q&As
  • Last Updated
    :May 08, 2024

ISM ISM CPSM CPSM1 Questions & Answers

  • Question 21:

    An operations philosophy that stresses creating customer value through the elimination of waste is called:

    A. Lean operation

    B. Six sigma operation

    C. Filtered Process flow

    D. Revised operation

  • Question 22:

    A facility used for receiving, storing and distributing materials in support of organizational strategies is known as a:

    A. Warehouse

    B. Depot

    C. Terminus

    D. Commodity

  • Question 23:

    A warehouse for storing and shipping material, usually finished goods, often located apart from the manufacturing site is called:

    A. Merchandise center

    B. Distribution center

    C. Divisional center

    D. Allotment center

  • Question 24:

    The purpose of is to determine whether or not an organization's financial statements are prepared in accordance with generally accepted accounting principles.

    A. Operational audit

    B. Principal audit

    C. Financial audit

    D. Functional audit

  • Question 25:

    Which of the following is NOT the area of Sarbanes-Oxley Act?

    A. Audit committees

    B. Waiting period

    C. Leadership time

    D. Loan prohibition

  • Question 26:

    What assess performance over a set period of time, most often the preceding year, and recognize accomplishments and successes?

    A. Summative evaluations

    B. Formative evaluations

    C. Conductive evaluations

    D. Challenging evaluations

  • Question 27:

    Employees who posses a desirable knowledge, for example in the area of contract negotiations, and are hired for their mental skills are referred to as:

    A. Skilled workers

    B. knowledge workers

    C. supply management workers

    D. decision makers

  • Question 28:

    What refers to the set of electronic tools used by world-class organizations to generate, process, transfer, interpret and use information?

    A. Information technology

    B. Information transmittal

    C. Trend technology

    D. Information retrieval system

  • Question 29:

    What usually refers to a particular type of computer software package that integrates various functions within an organization?

    A. Materials resource planning

    B. Process resource planning

    C. Enterprise resource planning

    D. Information resource planning

  • Question 30:

    An inventory management program where information is submitted electronically from the customer to supplier is called:

    A. Add-on program

    B. Continuous replenishment program

    C. Front office program

    D. None of the above

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