(2023) CPSM Exam Dumps, Practice Test Questions BUNDLE PACK
ISM CPSM Certification CPSM Sample Questions Reliable
Understanding functional and technical aspects of CPSM® Certified Professional in Supply Management® Manage Content/ Monitor & Maintain
The following will be discussed in ISM CPSM exam dumps:
- Track and validate cost savings and cost avoidance
- Perform cost/benefit analyses
- Conduct spend analysis to determine strategies for specific categories
- Develop cost management program strategies for purchases
NEW QUESTION # 65
The costs of logistics services should be determined; these costs plus an added value or markup becomes the:
- A. Transfer price
- B. Productivity cost
- C. Professional supply cost
- D. Operational price
Answer: A
NEW QUESTION # 66
What can be described as a precise and measurable variable that is inherently present in the characteristics of a product or service?
- A. Equipment
- B. Quality
- C. Cost
- D. Time
Answer: B
NEW QUESTION # 67
An intermediary who brings the buyer and the seller together is the:
- A. public surplus
- B. Broker
- C. their-party specialist
- D. Dealer
Answer: B
NEW QUESTION # 68
The ratio of annual operating income to the total capital put in the business is called:
- A. Return on investment
- B. Operating efficiency
- C. Profit margin
- D. Return on asset
Answer: A
NEW QUESTION # 69
A measure of velocity of total inventory movement through the organization, found by dividing annual sales by the average aggregate inventory value maintained during the year is called:
- A. Inventory yield
- B. Inventory proceeds
- C. Inventory turnover
- D. Inventory return
Answer: C
NEW QUESTION # 70
Items under review are classified in one of the following risk categories EXCEPT?
- A. Bottleneck items
- B. Leveraged items
- C. Operational items
- D. Non-critical items
Answer: C
NEW QUESTION # 71
An increasing or decreasing patterns of demand over time is considered as a:
- A. Seasonality
- B. Cycle
- C. Trend
- D. Analysis
Answer: C
NEW QUESTION # 72
A temporary endeavor undertaken to create a unique product or service is called:
- A. Enterprise
- B. Project
- C. Build
- D. Development
Answer: B
NEW QUESTION # 73
The process of developing information systems through investigation, analysis, design,
implementation and maintenance is known as_ .
Answer:
Explanation:
System Development Life Cycle
NEW QUESTION # 74
A pick module is a type of mechanized system used to:
- A. to pick only bulk items
- B. to pick only single items
- C. to pick both bulk items and single items
- D. None of the above
Answer: C
NEW QUESTION # 75
A tool used
to develop
the technical
specifications necessary
to meet customer requirements is called:
- A. Quality Matrix
- B. Quality function deployment
- C. Quality forecast
- D. House of Quality
Answer: B
NEW QUESTION # 76
Establishing an organization's consistent physical and functional characteristics for its materials is known as:
- A. Regularity
- B. Measurement
- C. Standardization
- D. Consistency
Answer: C
NEW QUESTION # 77
When an organization reduces the number and design of items it uses, this is referred to as:
- A. Simplification
- B. Generalization
- C. Bifurcation
- D. Overview discussion
Answer: A
NEW QUESTION # 78
What is used to lessen the potential biases commonly found using a jury of executive opinion?
- A. Delphi method
- B. Structured method
- C. Averaging method
- D. Series foundation forecasting method
Answer: A
NEW QUESTION # 79
What assess performance over a set period of time, most often the preceding year, and recognize accomplishments and successes?
- A. Formative evaluations
- B. Conductive evaluations
- C. Challenging evaluations
- D. Summative evaluations
Answer: D
NEW QUESTION # 80
According to the Chartered Institute of Transport and Logistics in the United Kingdom,
which of the following is NOT the type of warehouse layouts?
- A. Inverted T warehouse
- B. Through-flow warehouse
- C. Inverted U warehouse
- D. Cross-flow warehouse
Answer: C
NEW QUESTION # 81
What involves creating a visual depiction of a process, is the starting point to help understand each process and identify the sequencing of each process?
- A. Process mapping
- B. Process Planning
- C. Process flowcharting
- D. Process Equipment
Answer: A
NEW QUESTION # 82
Two back-to-back quarters of negative gross domestic product growth is referred to as:
- A. Obsolescence
- B. Nose-dive
- C. Recession
- D. Hunch
Answer: C
NEW QUESTION # 83
The purpose of is to determine whether or not an organization's financial
statements are
prepared in accordance with generally
accepted accounting principles.
- A. Financial audit
- B. Functional audit
- C. Operational audit
- D. Principal audit
Answer: A
NEW QUESTION # 84
A method of measuring an organization's activities in terms of its vision and strategies is the:
- A. Hallucination process
- B. Correlated action process
- C. Business leaderships
- D. Balanced scoreboard
Answer: D
NEW QUESTION # 85
Which of the following is NOT the element o0f a project plan?
- A. Replenishment plan
- B. Objectives
- C. Contractual agreements
- D. Resource requirements
Answer: A
NEW QUESTION # 86
According to Jason Westland, author of Project management Life Cycle, a business case should NOT include which of the following?
- A. options available to solve the problem
- B. benefits, costs, risks and feasibility for each available option
- C. a description of the problem under consideration
- D. post-recommended solution
Answer: D
NEW QUESTION # 87
......
Prepare for the Actual ISM CPSM CPSM Exam Practice Materials Collection: https://gcgapremium.pass4leader.com/ISM/CPSM-exam.html