Latest ISM CPSMB Actual Free Exam Questions & Community Discussion, Page 3

Question #31

In the Voluntary Inter-industry Commerce Solutions Association, CPFR model, sales forecasting is accomplished in which phase?

A. Strategy and analysis development.

B. Analysis and execution of operations.

C. Demand and supply management.

D. Strategy and planning preplanning.

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Correct Answer: C Vote an answer

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Question #32

The supply management professional reduces lead times, reduces costs and ensures continuity of supply in the?

A. Maturity phase of the five stages of the product life cycle.

B. Growth phase of the five stages of the product life cycle.

C. Product life cycle of the five stages of the product life cycle.

D. Maintenance phase of the five stages of the product life cycle.

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Correct Answer: A Vote an answer

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Question #33

The reporting system in the organization which ensures measurements and processes are reviewed, monitored, validated , and audited on a routine basis are referred to as __________?

A. Organizational process improvement requirements in supply management.

B. Organizational remediation requirements in supply management.

C. Organizational reporting requirements in supply management.

D. Organizational training requirements in supply management.

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Correct Answer: C Vote an answer

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Question #34

The measure of inbound revenues and outbound expenses in a time period is called?

A. Revenue flow financial measure

B. Revenue transfer financial measure

C. Cash flow financial measure

D. Cost flow financial measure

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Correct Answer: C Vote an answer

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Question #35

Which of the following is NOT one of the benefits of a well constructed supply management policy?

A. Ensures consistency in operations.

B. Steps in a process are reduced.

C. Is critical for supplier's certification.

D. Enables new supply management employees to rapidly learn operations.

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Correct Answer: B Vote an answer

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Question #36

E-design technology enables electronic sharing of product designs between manufacturers and suppliers and buying organizations and suppliers. This extends the collaborative environment so that all the following EXCEPT one can be accomplished.

A. Eliminated

B. Analyzed

C. Marked up

D. Viewed

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Correct Answer: A Vote an answer

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Question #37

Supply side collaboration requires information from the buyer and supplier on dependent and independent variables. Information from the supply side includes?

A. Only supply and demand

B. Internal schedule, storage constraints, and on-hand inventories

C. Personnel shift requirements, storage of goods, logistics schedules

D. Delivery problems and inventory levels

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Correct Answer: B Vote an answer

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Question #38

Depending on the scope of the audit, as you analyze issues in supply management, it would be MOST common for the auditor to ask for what?

A. A copy of the supplier diversity policy for the organization.

B. A list of key suppliers or internal customers.

C. All financial reports dating back seven years.

D. All environmental hazardous waste manifest dating back three years.

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Correct Answer: B Vote an answer

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Question #39

A decision to establish a strategic relationship that provides the opportunity to leverage strengths, resources, and innovations and permits long term volume commitments is referred to as?

A. A supply chain function.

B. Supplier circumstance model.

C. The supplier relationship model.

D. Strategic supply model.

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Correct Answer: C Vote an answer

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Question #40

Process maps enable the supply management professional to perform analysis of the key relationships in a process to make improvements. In addition to relationships the supply management professional also looks at? Choose the BEST response.

A. Exports and imports of the supply chain process.

B. Shipping constraints of the supply chain process.

C. Inputs and outputs of the supply chain process.

D. Cost and flows of the supply chain process.

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Correct Answer: C Vote an answer

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Question #41

There are numerous International Commercial Terms the supply management professional should be familiar with. The Incoterm EXW EX Works (named place) indicates what?

A. The buyer takes possession of the shipment at the point of origin and bears all costs and risks associated with the transportation.

B. The supplier quotes a price that includes the cost of goods and cost of transportation to a named destination.

C. The seller places goods on the loading dock and the risk of loss is transferred to the buyer.

D. The seller delivers goods which are cleared for export to the buyers designated carrier and named location.

Discussion 0

Correct Answer: A Vote an answer

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Question #42

In the growth phase the supply management professionals main responsibility is to ensure what?

A. New supply for the organization.

B. Growth of supply for the organization.

C. Continuity of supply for the organization.

D. Improved supply for the organization.

Discussion 0

Correct Answer: C Vote an answer

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Question #43

All of the following are disadvantages of supply management policies EXCEPT.

A. The problem of measuring whether policies stifle innovation.

B. The necessity to justify the cost to enforce certain policies.

C. They provide employees with an understanding of organizational values and philosophies.

D. The difficulty of actually enforcing policies.

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Correct Answer: C Vote an answer

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Question #44

Stakeholder analysis is important when leveraging spend through execution of strategy. "Determining who needs information" is a component of which part of the stakeholder analysis?

A. Evaluation of importance

B. Evaluating levels of alignment and involvement

C. Identification of the stakeholder group

D. Evaluating the relationships

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Correct Answer: D Vote an answer

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Question #45

Communication in the resolution process is managed by the supply management professional. If the resolution of a problem has a financial impact on the organization the supply management professional may?

A. Back-charge for delivery costs.

B. Choose a new supplier.

C. Withhold payment or assess liquidated damages.

D. Discontinue use of the current supplier.

Discussion 0

Correct Answer: C Vote an answer

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