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ISM CPSMB Exam Syllabus Topics:

ISM CPSM Bridge Sample Questions:

1. Which of the following price strategies would one use if the seller determines demand and prices at a level that meets customer expectations and provides an acceptable profit?

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

2. If price is a key objective the supply management professional will want to know as much as possible about what? Choose the BEST response.

A) The supplier's cost and expense distribution.
B) The suppliers financial Strengths, Weaknesses, Opportunities, Threats and Trends (SWOTT)
C) The suppliers pricing methodology for their product or service.
D) The suppliers net value or net worth of their organization.

3. If the supply management professional was developing a value statement all of the following are critical areas to be considered with the exception of what? This includes treatment of suppliers, treatment of employees and?

A) Resource allocation capital vs. labor
B) Performance measurement
C) Hiring practices
D) The allocation of scarce resources.

4. Supply management risk management and response planning generally involves a five step approach. In the "implementing readiness" step, the supply management professional is typically doing what?

A) Validating business continuity plans
B) Gaining an understanding of the state of operations and cataloging assets through interviews with risk management, insurance, and finance as well as stakeholders.
C) Identifying major threats, vulnerabilities, and key risks
D) Selecting supply chain and network contingencies

5. Supply management best practices are broken into five stages. These stages include 1) define the scope
2 ) benchmark and gap identification and, all of the following EXCEPT.

A) Developing an operating plan
B) Sustain benchmarks
C) Eliminate gaps
D) Measure performance management

Solutions: