ISM CPSMB Exam : CPSM Bridge Exam

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ISM CPSMB Exam Syllabus Topics:

ISM CPSM Bridge Sample Questions:

1. Which of the following can BEST improve operations flexibility and help achieve a fast entry strategy?

A) Use of factory Kanban
B) Introduction of Taguchi principles.
C) Computer aided design or computer aided manufacturing.
D) Introduction of Lean Six Sigma

2. What is required for an effective commodity market?

A) Fair trade and equality of business volume.
B) Commodities must be regulated.
C) Weights and measures must be verified.
D) The commodity must be graded accurately and the market must be large enough no single buyer or seller can influence it.

3. 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) Loss leader pricing
C) Time and material contracts
D) Market demand pricing

4. Costs associated with having inventory available are called?

A) Holding costs of the supply management operations.
B) Overhead costs of the supply management operations.
C) Carrying costs of the supply management operations.
D) Nontransferable costs of the supply management operations.

5. An important instrument to ensure a supplier is not surprised about an organizations decision to exit the relationship is?

A) Communication from other suppliers.
B) Regular performance reviews.
C) The suppliers participation in selection of a new supplier.
D) Internet postings of the impending action.

Solutions: