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ISM CPSMB Exam Syllabus Topics:

ISM CPSM Bridge Sample Questions:

1. The supply manager and organizational management are arguing whether an internal audit is suited for the organization. All of the following are reasons to use an internal audit EXCEPT.

A) Auditors already exist and may be used from another department.
B) The auditors have an understanding of the organization.
C) The ease of flexibility and scheduling.
D) An external audit is biased.

2. Which "item characteristic" includes adequate supplier capacity for on-time deliveries?

A) Product application
B) Global sourcing
C) Cost
D) Availability of supply

3. If a supply management professional were developing a forecast. What two sets of information are the basis for their creation?

A) Planned and orchestrated
B) Deterministic and probabilistic
C) Future and current
D) Determined and planned

4. Correlation and regression analysis is most useful in what?

A) Determining a reduction in force
B) Determining supply management cost
C) Supply management forecasting
D) Determining historical cost

5. Which of the following price strategies would one use if they allow the seller to charge an hourly rate for labor plus the cost of materials and allowable expenses?

A) Market based approach
B) Time and material contracts
C) Loss leader pricing
D) Market demand pricing

Solutions: