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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
    :

ISM ISM CPSM CPSM1 Questions & Answers

  • Question 41:

    What promote the use and development of small businesses including minority-owned and womenowned organizations?

    A. Supplier diversity programs

    B. Supplier development programs

    C. Compliance metrics

    D. Supply Management programs

  • Question 42:

    At which level, rudimentary contract management processes exist with some informal documentation but there is no accountability for not following the standards and processes?

    A. Initial

    B. Ad hoc

    C. Structured

    D. Integrated

  • Question 43:

    A performance measurement and management document that records the ratings from an evaluation process is known as:

    A. Mark-board

    B. Scorecard

    C. Groove box

    D. None of the above

  • Question 44:

    What involves selected practices and measurements that are compared from one organization to another?

    A. Benchmarking

    B. Flowcharting

    C. Process assessment

    D. Cultural reviews

  • Question 45:

    What defines work scope, sets the expectations and defines the relationship between the organization and the service provider?

    A. Technology agreements

    B. Service level agreement

    C. Process level agreements

    D. Counterfeit analysis agreements

  • Question 46:

    The implementation of a measurement-based strategy aimed at reducing variances and improving processes is the objective of:

    A. Quality model

    B. Six sigma

    C. Performance specification

    D. Performance life cycle

  • Question 47:

    By using which process, the financial services provider improved an established sourcing process to convey clear expectations to service providers?

    A. DMAIC (define, measure, analyze, improve, control)

    B. DMATM (define, manage, analyze, test, maintenance)

    C. DMADV (define, measure, analyze, design, verify)

    D. DMMDV (develop, measure, manage, distribute, maintenance)

  • Question 48:

    Establishing an organization's consistent physical and functional characteristics for its materials is known as:

    A. Regularity

    B. Measurement

    C. Consistency

    D. Standardization

  • Question 49:

    When an organization reduces the number and design of items it uses, this is referred to as:

    A. Bifurcation

    B. Generalization

    C. Simplification

    D. Overview discussion

  • Question 50:

    A useful tool for summarizing and displaying the distribution of a process data set is called:

    A. Histogram

    B. Portfolio

    C. Circulatory bias

    D. None of the above

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