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ISM CPSMB Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compliance and Performance Management | - Supplier performance measurement - Ethics and compliance in procurement - Continuous improvement practices |
| Topic 2: Supply Management Core Knowledge | - Supply chain integration and operations - Category management principles - Procurement and sourcing fundamentals |
| Topic 3: Leadership and Business Acumen | - Financial and business analysis - Leadership in supply management - Risk management and decision-making |
| Topic 4: Sourcing and Category Strategy | - Contracting and negotiation strategies - Strategic sourcing processes - Supplier evaluation and selection |
ISM CPSM Bridge Sample Questions:
Which "market characteristic" includes markets where only a few suppliers produce a certain item or provide a service which is negatively impacted if one or more suppliers can no longer supply?
- A. Number of qualified suppliers
- B. Capacity constraints
- C. Global sourcing
- D. Price Uncertainty
Correct Answer: B 🗳️
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Supply management risk management and response planning generally involves a five step approach. In the "defining alternatives" step, the supply management professional is typically doing what?
- A. Selecting supply chain and network contingencies
- B. Identifying major threats, vulnerabilities, and key risks
- C. Validating business continuity plans
- D. Gaining an understanding of the state of operations and cataloging assets through interviews with risk management, insurance, and finance as well as stakeholders.
Correct Answer: A 🗳️
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In benchmarking a project or process the planning stage involves 10 steps which step happens fifth?
- A. Communicate benchmark findings and gain acceptance.
- B. Establish functional goals.
- C. Develop action plans.
- D. Project future performance levels.
Correct Answer: D 🗳️
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When dealing in foreign markets your objective is to maintain the profit margin in the event the exchange rate varies. Typically to do this you will hedge on the exchange rate or by ______________________ ?
- A. Use economies of scale
- B. Negotiating the contract in the purchasers currency.
- C. Utilizing a hedge fund management company.
- D. Negotiating in the sellers currency
Correct Answer: B 🗳️
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The acceptability of a corrective action plan is negotiated between the lead auditor and the affected management authority. The corrective action plan normally has to be constructed within?
- A. 15 days of the issuance of the final audit report.
- B. 90 days of the issuance of the final audit report.
- C. 30 days of the issuance of the final audit report.
- D. 45 days of the issuance of the final audit report.
Correct Answer: C 🗳️
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