Free practice questions of CPSM1 exam that will make your day.

Foundation of Supply Management test Dumps

CPSM1 test Format | Course Contents | Course Outline | test Syllabus | test Objectives

This course focuses on management and improvement of supply chain processes and performance. It will be valuable for students who would like to pursue a career in consulting or take a position in operations, marketing or finance functions in a manufacturing or distribution firm. We explore important supply chain metrics, primary tradeoffs in making supply chain decisions, and basic tools for effective and efficient supply chain management, production planning and inventory control, order fulfillment and supply chain coordination. We will also investigate courses such as global supply chain design, logistics, and outsourcing, several other accurate supply chain innovations.

The class format includes lectures, case discussions, guest speakers, and simulation games. The content covers both quantitative and qualitative materials. The cases will feature high-tech companies as well as firms in more traditional industries such as apparel and manufacturing.

Institute for Supply Management® (ISM®) is the first and leading not-for-profit professional supply management
organization worldwide. Its 47,000 members in more than 90 countries around the world manage about US$1
trillion in corporate and government supply chain procurement annually. Founded in 1915 by practitioners, ISM
is committed to advancing the practice of supply management to drive value and competitive advantage for its
members, contributing to a prosperous and sustainable world. ISM empowers and leads the profession through the
ISM® Report On Business®, its highly-regarded certification and training programs, corporate services, events and
the ISM® Mastery Model®. The ISM® Report On Business®, Manufacturing and Non-Manufacturing, are two of the
most reliable economic indicators available, providing guidance to supply management professionals, economists,
analysts, and government and business leaders.

CPSM Certification Overview

The CPSM is globally recognized as the gold standard of excellence for supply management professionals, in
both the manufacturing and non-manufacturing sectors. The designation is transportable across industries, job
roles and regions, providing designation holders with flexibility and mobility.
The CPSM is for forward-thinking supply management professionals who desire to demonstrate a broad
understanding of the components of the profession. The program emphasizes the major competencies of supply
management. Those earning the CPSM will attain a greater understanding of end-to-end supply management
and be better positioned to positively impact their organization.

CPSM Eligibility Requirements

Earning a CPSM designation requires you to take and pass three exams, which can be taken in any order:

• Supply Management Core

• Supply Management Integration

• Leadership and Transformation in Supply Management

Candidates must have three years of full-time, professional supply management experience (nonclerical and
nonsupport) with a bachelors degree from a regionally accredited institution or international equivalent or five
years of full-time, professional supply management experience (nonclerical and nonsupport) without a qualified
bachelors degree.

All applicable experience must be in a professional position where the primary function is supply management.
Professional experience is usually defined as positions with decision-making authority and where independent
judgement is exercised. ISM does not require a candidate to work in all areas of supply management or be in a
management position. Proof of work experience is not required from those with a current C.P.M. certification.
ISM will evaluate work experience for candidates unsure if their current or previous positions are considered
applicable. The evaluation is optional, and there is a nominal charge.
The work-experience evaluation process allows a candidate to submit work experience documentation prior
to taking exams. ISM will return an evaluation to the candidate indicating if the experience is acceptable.
Candidates with acceptable experience should submit the evaluation with their original certification application
after they have passed the exams.

- Assess stakeholder needs and organize into sourcing plans 5

- Analyze and advise on feasibility of internal customer requests 3

- Analyze potential sources of products or services 7

- Determine methods to process requirements for goods or services based on cost, 5 timing, existing contracts and competitive bidding, as appropriate

- Conduct analyses to develop insourcing or outsourcing strategy 5

- Identify and implement technologies to support supply management 4

- Leverage spend through the identification, development and execution of 5 sourcing strategies

- Implement strategic sourcing plans aligned with organizational and stakeholder objectives 5

- Prepare solicitations for competitive bids, quotations and proposals with 6 pertinent specifications, terms and conditions

- Evaluate competitive offerings to identify the overall best offer for a product or service 5

CATEGORY MANAGEMENT

- Create a category management plan to meet the organizations key objectives 5

- Execute a category management plan 5

NEGOTIATION

- Prepare negotiation plan that aligns with organizational objectives 5

- Prepare and develop strategies and tactics for negotiations 4

- Lead, conduct and support negotiations with suppliers 5

LEGAL AND CONTRACTUAL

- Manage the preparation of contracts/purchase orders 5

- Award contracts to suppliers 3

- Administer contracts and/or purchase orders from award to completion or termination 5

- Perform or obtain legal review of contracts and other supply management documents 4

- Generate and follow supply management processes to ensure legal compliance 4

TASK TASK DESCRIPTION NUMBER OF QUESTIONS

SUPPLIER RELATIONSHIP MANAGEMENT

- Develop provider qualification plans to assure components, materials 4 and suppliers meet specified requirements

- Develop and manage effective relationships with suppliers 7

- Conduct provider performance evaluations 5

- Conduct regular business reviews with suppliers 4

- Identify opportunities and benefits for rationalizing the supply base 4

- Identify opportunities to drive provider innovation 3

- Develop and implement provider exit strategies 3

- Review provider performance against negotiated service level agreements (SLAs) 4

- Resolve invoice and payment problems 2

- Act as a liaison between suppliers and functional areas to ensure accurate 4 information, documentation and product flow

- Work with suppliers to identify constraints and implement value-added processes 3

COST AND PRICE MANAGEMENT

- Develop cost management program strategies for purchases 5

- Perform cost/benefit analyses 4

- Conduct spend analysis to determine strategies for specific categories 5

- Track and validate cost savings and cost avoidance 4

FINANCIAL ANALYSIS

- Prepare and/or administer a supply management department budget 3

- Develop financing strategies for purchases 3

- Verify that sufficient reporting exists 3

TOTAL 180 (including 15 unscored*)

* Included are 15 statistical data research questions which are unscored (not included in your final test score)

Supply Management Integration Exam

TASK TASK DESCRIPTION NUMBER OF QUESTIONS

SUPPLY CHAIN STRATEGY

- Develop and/or implement a material or service standardization program 5

- Implement requirements planning to align supply management activities 7 with organizational strategy

- Implement operations planning, scheduling and inventory control processes 6 to ensure optimum use of resources

- Structure the supply chain in support of the organizations business strategy 7

SALES AND OPERATIONS PLANNING – DEMAND PLANNING

- Incorporate the use of sales, inventory and capacity forecasts in the planning 6 of materials production to better meet strategic objectives and goals

- Conduct demand planning 4

SALES AND OPERATIONS PLANNING – FORECASTING

- Analyze and report on market conditions, benchmarks and industry 5 trends to internal stakeholders

- Develop supply forecasts in light of economic and technological trends 5

- Plan and communicate sourcing and supply strategies based on forecasted data 6

- Manage forecasted data with suppliers 5

- Calculate and report forecast accuracy 4

SALES AND OPERATIONS – PRODUCT AND SERVICE

- Participate in new product or service development in support of marketing efforts 5

- Participate in product-service ramp-up and/or ramp-down strategies and implementation 5

- Create systems and process improvements to help the organization meet sales goals 5

QUALITY MANAGEMENT

- Develop and/or administer a provider quality certification program 4

- Develop measurements for quality improvement 4

- Implement continuous improvement processes within the supply chain 6

TASK TASK DESCRIPTION NUMBER OF QUESTIONS

LOGISTICS AND MATERIAL MANAGEMENT

- Design transportation and distribution policies and procedures to 4 ensure optimum flow of materials

- Manage transportation, invoicing and documentation functions to 4 ensure regulatory compliance

- Manage the resolution of delivery/receiving problems 4

- Analyze provider transportation costs 5

- Develop and/or implement a warehouse management system 5

- Conduct network design and optimization to support the business model, 5 increase productivity and lower operating costs

- Oversee the day-to-day operations of a warehousing function 4

- Develop and/or implement an inventory management system 5

- Coordinate and/or monitor the movement of equipment and assets within the organization 3

- Expedite/de-expedite orders 3

- Develop and/or execute plans and metrics to reduce risk of shortages 4

- Identify cost-effective packaging that meets requirements 3

- Conduct investment recovery activities for surplus/obsolete materials 4

PROJECT MANAGEMENT

- Perform project management activities 8

TOTAL 165 (including 15 unscored*)

100% Money Back Pass Guarantee

CPSM1 PDF sample Questions

CPSM1 sample Questions

CPSM1 Dumps
CPSM1 Braindumps
CPSM1 Real Questions
CPSM1 Practice Test
CPSM1 actual Questions
ISM
CPSM1
Foundation of Supply Management
https://killexams.com/pass4sure/exam-detail/CPSM1
QUESTION: 120
Which of the following is NOT the group of International Commercial Terms?
A. Group E
B. Group F
C. Group C
D. Group K
Answer: D
QUESTION: 121
Terms where the seller is responsible for delivering the goods to a carrier named by the buyer
is the:
A. Group E
B. Group F
C. Group C
D. Group K
Answer: B
QUESTION: 122
The supply management professional may use which mean to resolve the logical conflicts?
A. Litigation
B. Negotiation
C. Acceptance
D. All of the above
Answer: D
QUESTION: 123
When both parties end a negotiation feeling content with what they have bargained, this is
referred to as:
38
A. Procurement scheme
B. win-win proposition
C. Superior intention
D. Disputed proposal
Answer: B
QUESTION: 124
Organizations that perform freight auditing are called:
A. Traffic consultants
B. Auditing consultants
C. Transportation consultants
D. Service consultants
Answer: A
QUESTION: 125
Which of the following is the area of concern to logistics?
A. Inventory
B. Transportation
C. Customer service
D. All of the above
Answer: D
QUESTION: 126
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 proceeds
B. Inventory turnover
39
C. Inventory yield
D. Inventory return
Answer: B
QUESTION: 127
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. Operational price
D. Professional supply cost
Answer: A
QUESTION: 128
A scoreboard is simply a form of performance measurement and management that records the
ratings from a performance evaluation process.
A. True
B. False
Answer: A
40
6$03/( 48(67,216
7KHVH TXHVWLRQV DUH IRU GHPR SXUSRVH RQO\ )XOO YHUVLRQ LV
XS WR GDWH DQG FRQWDLQV DFWXDO TXHVWLRQV DQG DQVZHUV
.LOOH[DPV FRP LV DQ RQOLQH SODWIRUP WKDW RIIHUV D ZLGH UDQJH RI VHUYLFHV UHODWHG WR FHUWLILFDWLRQ
H[DP SUHSDUDWLRQ 7KH SODWIRUP SURYLGHV DFWXDO TXHVWLRQV H[DP GXPSV DQG SUDFWLFH WHVWV WR
KHOS LQGLYLGXDOV SUHSDUH IRU YDULRXV FHUWLILFDWLRQ H[DPV ZLWK FRQILGHQFH +HUH DUH VRPH NH\
IHDWXUHV DQG VHUYLFHV RIIHUHG E\ .LOOH[DPV FRP
$FWXDO ([DP 4XHVWLRQV .LOOH[DPV FRP SURYLGHV DFWXDO H[DP TXHVWLRQV WKDW DUH H[SHULHQFHG
LQ WHVW FHQWHUV 7KHVH TXHVWLRQV DUH XSGDWHG UHJXODUO\ WR HQVXUH WKH\ DUH XS WR GDWH DQG
UHOHYDQW WR WKH ODWHVW H[DP V\OODEXV %\ VWXG\LQJ WKHVH DFWXDO TXHVWLRQV FDQGLGDWHV FDQ
IDPLOLDUL]H WKHPVHOYHV ZLWK WKH FRQWHQW DQG IRUPDW RI WKH UHDO H[DP
([DP 'XPSV .LOOH[DPV FRP RIIHUV H[DP GXPSV LQ 3') IRUPDW 7KHVH GXPSV FRQWDLQ D
FRPSUHKHQVLYH FROOHFWLRQ RI TXHVWLRQV DQG DQVZHUV WKDW FRYHU WKH H[DP WRSLFV %\ XVLQJ WKHVH
GXPSV FDQGLGDWHV FDQ HQKDQFH WKHLU NQRZOHGJH DQG LPSURYH WKHLU FKDQFHV RI VXFFHVV LQ WKH
FHUWLILFDWLRQ H[DP
3UDFWLFH 7HVWV .LOOH[DPV FRP SURYLGHV SUDFWLFH WHVWV WKURXJK WKHLU GHVNWRS 9&( H[DP
VLPXODWRU DQG RQOLQH WHVW HQJLQH 7KHVH SUDFWLFH WHVWV VLPXODWH WKH UHDO H[DP HQYLURQPHQW DQG
KHOS FDQGLGDWHV DVVHVV WKHLU UHDGLQHVV IRU WKH DFWXDO H[DP 7KH SUDFWLFH WHVWV FRYHU D ZLGH
UDQJH RI TXHVWLRQV DQG HQDEOH FDQGLGDWHV WR LGHQWLI\ WKHLU VWUHQJWKV DQG ZHDNQHVVHV
*XDUDQWHHG 6XFFHVV .LOOH[DPV FRP RIIHUV D VXFFHVV JXDUDQWHH ZLWK WKHLU H[DP GXPSV 7KH\
FODLP WKDW E\ XVLQJ WKHLU PDWHULDOV FDQGLGDWHV ZLOO SDVV WKHLU H[DPV RQ WKH ILUVW DWWHPSW RU WKH\
ZLOO UHIXQG WKH SXUFKDVH SULFH 7KLV JXDUDQWHH SURYLGHV DVVXUDQFH DQG FRQILGHQFH WR LQGLYLGXDOV
SUHSDULQJ IRU FHUWLILFDWLRQ H[DPV
8SGDWHG &RQWHQW .LOOH[DPV FRP UHJXODUO\ XSGDWHV LWV TXHVWLRQ EDQN DQG H[DP GXPSV WR
HQVXUH WKDW WKH\ DUH FXUUHQW DQG UHIOHFW WKH ODWHVW FKDQJHV LQ WKH H[DP V\OODEXV 7KLV KHOSV
FDQGLGDWHV VWD\ XS WR GDWH ZLWK WKH H[DP FRQWHQW DQG LQFUHDVHV WKHLU FKDQFHV RI VXFFHVV
7HFKQLFDO 6XSSRUW .LOOH[DPV FRP SURYLGHV IUHH [ WHFKQLFDO VXSSRUW WR DVVLVW FDQGLGDWHV
ZLWK DQ\ TXHULHV RU LVVXHV WKH\ PD\ HQFRXQWHU ZKLOH XVLQJ WKHLU VHUYLFHV 7KHLU FHUWLILHG H[SHUWV
DUH DYDLODEOH WR SURYLGH JXLGDQFH DQG KHOS FDQGLGDWHV WKURXJKRXW WKHLU H[DP SUHSDUDWLRQ
MRXUQH\
'PS .PSF FYBNT WJTJU IUUQT LJMMFYBNT DPN WFOEPST FYBN MJTU
.LOO \RXU H[DP DW )LUVW $WWHPSW *XDUDQWHHG

Killexams VCE test Simulator 3.0.9

Download Killexams-Exam-Simulator-3.0.9.rar

Killexams has introduced Online Test Engine (OTE) that supports iPhone, iPad, Android, Windows and Mac. CPSM1 Online Testing system will helps you to study and practice using any device. Our OTE provide all features to help you memorize and VCE test mock test while you are travelling or visiting somewhere. It is best to Practice CPSM1 test Questions so that you can answer all the questions asked in test center. Our Test Engine uses Questions and Answers from actual Foundation of Supply Management exam.

Killexams Online Test Engine Test Screen

Killexams Online Test Engine Progress Chart

Killexams Online Test Engine Test History Graph

Killexams Online Test Engine Performance History

Killexams Online Test Engine Result Details

Online Test Engine maintains performance records, performance graphs, explanations and references (if provided). Automated test preparation makes much easy to cover complete pool of questions in fastest way possible. CPSM1 Test Engine is updated on daily basis.

Download links for Exam dumps to pass CPSM1 exam

If you are concerned about passing your ISM CPSM1 test on the first attempt, we recommend using killexams.com's ISM Foundation of Supply Management Exam Braindumps and Study Guide to enhance your knowledge. Our CPSM1 Question Bank are complete and valid, and our ISM CPSM1 PDF documents provide an exact copy of the real test mock test that you will see on the test screen.

Latest 2024 Updated CPSM1 Real test Questions

Numerous companies offer PDF Download services online, but the majority of them sell outdated dumps. It is crucial to find a reliable and trustworthy provider of CPSM1 Questions and Answers online. You can either study on your own or trust killexams.com for your preparation. However, it is essential to ensure that your research does not turn out to be a waste of time and money. We suggest that you visit killexams.com directly and obtain the complimentary set of CPSM1 Dumps to assess the sample questions. If you are satisfied with the quality, you can register for a three-month account to access the latest and valid CPSM1 Real test Questions, which includes real test questions and answers. You should also acquire the CPSM1 VCE test simulator for practice.

Killexams Review | Reputation | Testimonials | Customer Feedback

killexams.com's materials cover every aspect of the CPSM1 exam, which is essential for those new to it. I needed to Improve my understanding of CPSM1, and killexams.com's braindumps helped me a lot. I passed the CPSM1 test with their assistance and have been recommending their services to my friends and colleagues.
Martin Hoax [2024-5-18]

The Killexams package was instrumental in helping me pass the CPSM1 exam. Without their comprehensive study material and established method, I am not sure if I would have achieved my certification. The package covers a vast range of topics, which can be overwhelming if you prepare for the test by yourself. With Killexams, however, everything is covered, and since they use real test questions, passing the CPSM1 test is much less difficult. The explanations provided were also very useful, making the whole experience with Killexams an enjoyable one.
Martin Hoax [2024-5-28]

I was in search of EC test dumps that would cater to my specific needs and requirements, and that's when I stumbled upon killexams.com. Within a brief period of time, their dumps cleared all my doubts. For the first time in my career, I appeared for the EC test with the best education dump and managed to succeed with awesome marks. I am certainly glad, and the reason why I am here is to congratulate you on the extraordinary help you provided in the shape of the test material.
Richard [2024-4-11]

More CPSM1 testimonials...

CPSM1 Management Free test PDF

CPSM1 Management Free test PDF :: Article Creator

References

Frequently Asked Questions about Killexams Braindumps

Do I need course books with killexams CPSM1 dumps?
Killexams recommend these CPSM1 questions to memorize before you go for the actual test because this CPSM1 dumps collection contains an up-to-date and 100% valid CPSM1 dumps collection with a new syllabus. Killexams has provided the shortest CPSM1 dumps for busy people to pass CPSM1 test without studying massive course books. If you go through these CPSM1 questions, you are more than ready to take the test. We recommend taking your time to study and practice CPSM1 test dumps until you are sure that you can answer all the questions that will be asked in the actual CPSM1 exam. For a full version of CPSM1 braindumps, visit killexams.com and register to obtain the complete dumps collection of CPSM1 test braindumps. These CPSM1 test questions are taken from actual test sources, that\'s why these CPSM1 test questions are sufficient to read and pass the exam. Although you can use other sources also for improvement of knowledge like textbooks and other aid material these CPSM1 dumps are sufficient to pass the exam.

Is there New Syllabus of CPSM1 test at killexams?
Yes, Killexams provide CPSM1 dumps collection of the new syllabus. You need the latest CPSM1 questions of the new syllabus to pass the CPSM1 exam. These latest CPSM1 braindumps are taken from real CPSM1 test question bank, that\'s why these CPSM1 test questions are sufficient to read and pass the exam. Although you can use other sources also for improvement of knowledge like textbooks and other aid material these CPSM1 dumps are sufficient to pass the exam.

Is it sufficient to read these CPSM1 test questions?
These CPSM1 test questions are taken from actual test sources, that\'s why these CPSM1 test questions are sufficient to read and pass the exam. Although you can use other sources also for improvement of knowledge like textbooks and other aid material these CPSM1 dumps are sufficient to pass the exam.

Is Killexams.com Legit?

You bet, Killexams is 100% legit as well as fully trustworthy. There are several features that makes killexams.com reliable and respectable. It provides updated and totally valid test dumps that contains real exams questions and answers. Price is minimal as compared to many of the services on internet. The mock test are up to date on ordinary basis using most accurate brain dumps. Killexams account build up and supplement delivery is incredibly fast. Computer file downloading can be unlimited and intensely fast. Service is available via Livechat and E-mail. These are the characteristics that makes killexams.com a strong website that include test dumps with real exams questions.

Other Sources

Which is the best dumps site of 2024?

There are several mock test provider in the market claiming that they provide Real test Questions, Braindumps, Practice Tests, Study Guides, cheat sheet and many other names, but most of them are re-sellers that do not update their contents frequently. Killexams.com is best website of Year 2024 that understands the issue candidates face when they spend their time studying obsolete contents taken from free pdf obtain sites or reseller sites. That is why killexams update test mock test with the same frequency as they are updated in Real Test. test Dumps provided by killexams.com are Reliable, Up-to-date and validated by Certified Professionals. They maintain dumps collection of valid Questions that is kept up-to-date by checking update on daily basis.

If you want to Pass your test Fast with improvement in your knowledge about latest course contents and topics, We recommend to obtain PDF test Questions from killexams.com and get ready for actual exam. When you feel that you should register for Premium Version, Just choose visit killexams.com and register, you will receive your Username/Password in your Email within 5 to 10 minutes. All the future updates and changes in mock test will be provided in your obtain Account. You can obtain Premium test Dumps files as many times as you want, There is no limit.

Killexams.com has provided VCE VCE test Software to Practice your test by Taking Test Frequently. It asks the Real test Questions and Marks Your Progress. You can take test as many times as you want. There is no limit. It will make your test prep very fast and effective. When you start getting 100% Marks with complete Pool of Questions, you will be ready to take actual Test. Go register for Test in Test Center and Enjoy your Success.

100% Money Back Pass Guarantee

Back to List

Social Profiles

Foundation of Supply Management test Dumps

CPSM1 test Format | Course Contents | Course Outline | test Syllabus | test Objectives

100% Money Back Pass Guarantee

CPSM1 PDF sample Questions

CPSM1 sample Questions

Killexams VCE test Simulator 3.0.9

Download links for Exam dumps to pass CPSM1 exam

Latest 2024 Updated CPSM1 Real test Questions

Tags

Killexams Review | Reputation | Testimonials | Customer Feedback

CPSM1 Management Free test PDF

References

Frequently Asked Questions about Killexams Braindumps

Is Killexams.com Legit?

Other Sources

Which is the best dumps site of 2024?

Important Braindumps Links

100% Money Back Pass Guarantee

Social Profiles