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Preparations of CPSM Exam 2021 ISM CPSM Unlimited 128 Questions
NEW QUESTION 61
Employees who posses a desirable knowledge, for example in the area of contract negotiations, and are hired for their mental skills are referred to as:
- A. Skilled workers
- B. supply management workers
- C. knowledge workers
- D. decision makers
Answer: C
NEW QUESTION 62
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 63
Which of the following essentially translate an organization's business plan into an operation plan?
- A. Staffing plan
- B. Services resources
- C. Requirement plan
- D. Capital investment plan
Answer: A
NEW QUESTION 64
A practice that involves purchasing professional in the new product or service development process from its inception is called:
- A. Early purchasing Improvement
- B. Initializing consent
- C. Statement of work flow
- D. Service level professionalism
Answer: A
NEW QUESTION 65
Seasonality can be forecast using a multiplicative model to create a seasonal index.
- A. True
- B. False
Answer: A
NEW QUESTION 66
A relatively small amount of the population controlled the majority of the wealth, this is known as:
- A. Statistical analysis
- B. Pareto analysis
- C. Ratio analysis
- D. Controlled analysis
Answer: B
NEW QUESTION 67
According to Jason Westland, author of Project management Life Cycle, a business case should NOT include which of the following?
- A. a description of the problem under consideration
- B. post-recommended solution
- C. options available to solve the problem
- D. benefits, costs, risks and feasibility for each available option
Answer: B
NEW QUESTION 68
A professional tool that organizations use to measure, investigate and control price and cost changes within their own organizations as:
- A. Supply professionalism
- B. Custom indexing
- C. None of the above
- D. Panel trading
Answer: B
NEW QUESTION 69
To find a mathematical formula that will approximately generate the historical demand patterns in a time series is the goal of:
- A. Arithmetical model
- B. Box-Jenkins method
- C. Statistical analysis method
- D. Numerical smoothing analysis
Answer: B
NEW QUESTION 70
An inventory management program where information is submitted electronically from the customer to supplier is called:
- A. Add-on program
- B. Continuous replenishment program
- C. None of the above
- D. Front office program
Answer: B
NEW QUESTION 71
The process of developing information systems through investigation, analysis, design,
implementation and maintenance is known as_ .
Answer:
Explanation:
System Development Life Cycle
NEW QUESTION 72
Who
measures the
market value of final
goods
and services produced by
labor or property in the United States,
including goods that are added to or subtracted from inventories?
- A. International Economic and Service Provider Conference
- B. United States Act of Condolence
- C. Bureau of Economic Analysis
- D. Bureau of inventories
Answer: C
NEW QUESTION 73
A valid concept of connectedness that allows an organization to maintain a high level of confidence in its distribution system is the:
- A. Allocation warehouse
- B. Virtual warehouse
- C. Implicit warehouse
- D. Commodity warehouse
Answer: B
NEW QUESTION 74
A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:
- A. Cycle counting
- B. Continuous inventory
- C. Reconciliation
- D. None of the above
Answer: A
NEW QUESTION 75
Which of the following is NOT the component
used to calculate the inventory holding costs?
- A. Released rates
- B. Invested funds
- C. Obsolescence
- D. Shrinkage
Answer: A
NEW QUESTION 76
What is used to establish a relationship between the cost, schedule and technical aspects of a project?
- A. Earned value management system
- B. Cost Lead system
- C. Resource management system
- D. Key performance indicator systems
Answer: A
NEW QUESTION 77
distributing materials
in support
of
A warehouse for storing and shipping material, usually finished goods, often located apart from the manufacturing site is called:
- A. Allotment center
- B. Merchandise center
- C. Distribution center
- D. Divisional center
Answer: C
NEW QUESTION 78
What is used to obtain general information about products, services or suppliers and is information request, not binding on either the supplier or the purchaser?
- A. Procurement document
- B. Target market
- C. Solicitation document
- D. Qualified product description
Answer: C
NEW QUESTION 79
A useful tool for summarizing and displaying the distribution of a process data set is called:
- A. Portfolio
- B. Histogram
- C. None of the above
- D. Circulatory bias
Answer: B
NEW QUESTION 80
A standard
of point
of reference
used in measuring or judging an organization's performance according to selected criteria is called:
- A. Performance assessment
- B. Benchmarking
- C. None of the above
- D. Process revelation
Answer: B
NEW QUESTION 81
The implementation of a measurement-based strategy aimed at reducing variances and improving processes is the objective of:
- A. Performance specification
- B. Performance life cycle
- C. Six sigma
- D. Quality model
Answer: C
NEW QUESTION 82
happens when one or more existing competitors realize an opportunity to improve their position or when they are responding to the pressure from other competitors
- A. Rivalry
- B. Business Conflict
- C. Antagonism
- D. Substitute bargaining
Answer: A
NEW QUESTION 83
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