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ISM CPSM Bridge Sample Questions:
1. It is important that the supply management professional works closely with internal departments. The marketing department may spend a great deal of advertising and promotion on products. It is the supply management professionals' responsibility to do what?
A) Ensure that pricing is competitive and the service level agreements are being met.
B) Ensure customer requirements are met.
C) Ensure the organizational goals are achieved.
D) Ensure that the lowest cost is achieved.
2. The function of the Occupational Safety and Health Review Commission (OSHRC) is to?
A) Develop new safety regulations.
B) Review EMS Standards
C) Decide contents of citations and penalties resulting form OSHA workplace inspections.
D) Review new Occupational Health and Safety Standards.
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) Determined and planned
C) Deterministic and probabilistic
D) Future and current
4. Lose-Lose or confrontational negotiation philosophy is used when?
A) Both parties already know they win in a negotiation.
B) Both negotiators have a low degree of concern for their own and the others outcomes.
C) Both parties lose the contract in a negotiation.
D) Both parties require no negotiation.
5. Competition between supply chains makes reducing costs a critical success factor, which of the following cost removal targets involves a one-time savings or continuing savings gained from paying less than was previously paid?
A) Process improvement
B) Collaborative cost takeout efforts
C) Loss leader pricing
D) Cost savings
Solutions:
Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |