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ISM CPSMB Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: CPSM Bridge Exam Content Areas | - Supply Management Core Principles
|
ISM CPSM Bridge Sample Questions:
The price gap between the highest priced suppliers and the lowest priced suppliers narrows during an auction as supplier's compete against one another. This process is termed?
- A. Real time supplier evaluation
- B. Price compression
- C. Price validation
- D. Price transparency
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The shippers export declaration does what?
- A. Declares export intentions for the shipper.
- B. Compiles trade statistics and prevents illegal exports
- C. Declares the contents of the shipment
- D. Is a list of container contents
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Which contemporary E-sourcing tool is an electronic request involving the information, proposal, quote, or tender?
- A. e-RFx
- B. Reverse auctions
- C. EDI
- D. Purchase order systems
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Supply management goals and organizational goals do not exactly match. When proposing to organizational management a supply management change or initiative the MOST important issue is?
- A. The show that the proposal is innovative.
- B. To show how the proposal will support the achievement of organizational goals and objectives.
- C. To show that the proposal is of least cost.
- D. To show that a SWOT analysis has been performed on the proposal.
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There are numerous International Commercial Terms the supply management professional should be familiar with. The Incoterm FCA Free Carrier (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 delivers goods which are cleared for export to the buyers designated carrier and named location.
- D. The seller places goods on the loading dock and the risk of loss is transferred to the buyer.
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