CPSM Exam Training Practice Tests (ISM Certified Professional in Supply Management (CPSM))]

Question 1

The
demand forecast
for
all
products and services then is used to create a _, which breaks down all labor and material requirements, usually by quarter.

A. aggregate plan B. aggregate forecast C. scheduling forecast D. Top-down strategy

Correct Answer: A

Question 2

A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:

A. Reconciliation B. Cycle counting C. Continuous inventory D. None of the above

Correct Answer: B

Question 3

A progressive approach to control inventory is called:

A. Supplier-managed inventory B. Delays in production approach C. Materials inventory D. Depleted control approach

Correct Answer: A

Question 4

Applying the value of existing equipment against the purchase of new is referred to as:

A. Equipment sales B. Action C. Trade-in D. Bidding

Correct Answer: C

Question 5

According to Juran, which of the following three management processes are essential for all organizations?

A. Quality assurance, process improvement and resource planning B. Variation control, resource improvement and quality planning C. Quality control, quality improvement and quality planning D. Quality management, quality improvement and resource planning

Correct Answer: C

Question 6

A chart that captures all the possible causes of a problem in a format designed to show their relationships to the problem and to each other is known as:

A. Integration progress chart B. Fishbone diagram C. Performance-biased diagram D. Root cause chart

Correct Answer: B

Question 7

Which of the following is NOT the type of statement of work (SOW)?

A. Level of effort SOW B. Project SOW C. Performance SOW D. Design SOW

Correct Answer: D

Question 8

An appraisal process developed to measure and improve an organization's critical core capabilities is called:

A. Capability Maturity Model Integration B. Acquisition Validation Model C. Supply Management Performance D. Capability Maturity Model

Correct Answer: D

Question 9

A term used to describe a 'one piece flow' business strategy that allows an organization to establish a continuous sequencing of product, within a flow process is known as:

A. Flow manufacturing B. Online scheduling C. Just-in-time scheduling D. Inventory scheduling

Correct Answer: A

Question 10

Which of the following is NOT the group of International Commercial Terms?

A. Group C B. Group E C. Group F D. Group K

Correct Answer: D

ISM Certified Professional in Supply Management (CPSM) - CPSM Exam Practice Test