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 31:

    Services provided from third parties fall into which of the following area?

    A. Consulting

    B. Customization

    C. Maintenance/ Support

    D. All of the above

  • Question 32:

    A managerial and organizational approach used to integrate the supply management functions in an organization is referred to as:

    A. Purchasing management

    B. Procurement management

    C. Materials management

    D. Production management

  • Question 33:

    The ratio of annual operating income to the total capital put in the business is called:

    A. Return on investment

    B. Return on asset

    C. Profit margin D. Operating efficiency

  • Question 34:

    What help supply management personnel develop an appropriate sourcing strategy for items purchased, based on profit impact and supply risk?

    A. Two-by-Two Indexing matrix

    B. Bilateral alternative matrix

    C. Two-by-Two portfolio matrix

    D. Mutual commodity-based matrix

  • Question 35:

    Items under review are classified in one of the following risk categories EXCEPT?

    A. Non-critical items

    B. Operational items

    C. Leveraged items

    D. Bottleneck items

  • Question 36:

    The process of accessing progress toward achieving predetermined goals is called:

    A. Efficiency evaluation

    B. Performance measurement

    C. Support center

    D. Professional development

  • Question 37:

    Which system was designed to align individual, unit and organizational efforts with the strategic goals set for the organization?

    A. Performance evaluation system

    B. Interrelationship of Measurements systems

    C. Performance effectiveness management system

    D. Internal business systems

  • Question 38:

    What is used to establish a relationship between the cost, schedule and technical aspects of a project?

    A. Cost Lead system

    B. Earned value management system

    C. Resource management system

    D. Key performance indicator systems

  • Question 39:

    A method of measuring an organization's activities in terms of its vision and strategies is the:

    A. Balanced scoreboard

    B. Business leaderships

    C. Correlated action process

    D. Hallucination process

  • Question 40:

    Which of the following are the three types of supplier audits?

    A. Systems audit, Performance audit and Product audit

    B. Performance audit, process audit and Timely audit

    C. Business audit, Performance audit and Product audit

    D. Systems audit, process audit and Product audit

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