[Sep 14, 2021] CPSM Dumps Full Questions - Exam Study Guide [Q45-Q69]

[Sep 14, 2021] CPSM Dumps Full Questions - Exam Study Guide

ISM CPSM Free Certification Exam Material from 2Pass4sure with 128 Questions

NEW QUESTION 45
Each forecast is weighted by a given decimal value, known as ,
which is the difference between the most recent actual demand and the forecast.

A. Alpha constant
B. Smoothing constant
C. Demand constant
D. Exponential constant

Answer: B

NEW QUESTION 46
The process which begins by understanding the product such as its value, its physical characteristics such as length, height, width, and weight and its fragility is called:

A. Packaging optimization
B. Product optimization
C. Flood flow gain
D. Process Throughput

Answer: A

NEW QUESTION 47
which mean to resolve the logical
When both parties end a negotiation feeling content with what they have bargained, this is referred to as:

A. Disputed proposal
B. Procurement scheme
C. win-win proposition
D. Superior intention

Answer: C

NEW QUESTION 48
A project manager is assigned to a project, either full-time or part-time, depending on the size of the project, and then must negotiate for the services of individual team members with each appropriate functional manager in:

A. Functional Organization
B. Project Organization
C. Control Organization
D. Matrix Organization

Answer: D

NEW QUESTION 49
Terms where the seller is responsible for delivering the goods to a carrier named by the
buyer is the:

A. Group F
B. Group C
C. Group E
D. Group K

Answer: A

NEW QUESTION 50
The underlying assumption is that a forecast can be created based on which of the following patterns observed within the time series data?

A. Vertical Seasonality, Trend and Cycle
B. Vertical, Seasonality, Variation and Smoothing
C. Horizontal, Averaging, Variation and Smoothing
D. Horizontal, Seasonality, Trend and Cycle

Answer: D

NEW QUESTION 51
What refers to the set of electronic tools used by world-class organizations to generate,
process, transfer, interpret and use information?

A. Trend technology
B. Information technology
C. Information transmittal
D. Information retrieval system

Answer: B

NEW QUESTION 52
A temporary endeavor undertaken to create a unique product or service is called:

A. Build
B. Project
C. Development
D. Enterprise

Answer: B

NEW QUESTION 53
Third parties who act as intermediaries between buyer and seller are known as:

A. Dealer
B. Brokers
C. Agent
D. Negotiator

Answer: B

NEW QUESTION 54
With what an organization's inventory values are kept continuously in line with its actual inventory on hand?

A. Services inventory control system
B. Periodic inventory control system
C. Temporary inventory control system
D. Perpetual inventory control system

Answer: D

NEW QUESTION 55
According to the Chartered Institute of Transport and Logistics in the United Kingdom,
which of the following is NOT the type of warehouse layouts?

A. Inverted U warehouse
B. Inverted T warehouse
C. Through-flow warehouse
D. Cross-flow warehouse

Answer: A

NEW QUESTION 56
Downtime during testing, losses in productivity, resistance to change and new manuals are all description of:

A. Logical assets
B. External suppliers
C. Project participants
D. Internal organization

Answer: D

NEW QUESTION 57
The inventory reporting measures format is typically presented
in which
of the following way?

A. All of the above
B. inventory turnover
C. weeks of supply
D. average aggregate inventory

Answer: A

NEW QUESTION 58
An operations philosophy that stresses creating customer value through the elimination of
waste is called:

A. Lean operation
B. Filtered Process flow
C. Revised operation
D. Six sigma operation

Answer: A

NEW QUESTION 59
A large number of suppliers who are all capable of supplying the same product, and the dollars in:

A. Non-critical items
B. Operational items
C. Leveraged items
D. Bottleneck items

Answer: C

NEW QUESTION 60
The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as:

A. Rearrange Materials logistics
B. Reverse logistics
C. Multichannel logistics
D. Switch State art logistics

Answer: B

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
Which of the following is NOT the type of budget that the supply management budget includes?

A. Purchased materials
B. Capital budget
C. Expense budget
D. Maintenance budget

Answer: C

NEW QUESTION 63
Which system was designed to align individual, unit and organizational efforts with the strategic goals set for the organization?

A. Internal business systems
B. Interrelationship of Measurements systems
C. Performance evaluation system
D. Performance effectiveness management system

Answer: D

NEW QUESTION 64
Which of the following are the three types of supplier audits?

A. Systems audit, process audit and Product audit
B. Performance audit, process audit and Timely audit
C. Business audit, Performance audit and Product audit
D. Systems audit, Performance audit and Product audit

Answer: A

NEW QUESTION 65
A tool used
to develop
the technical
specifications necessary
to meet customer requirements is called:

A. Quality function deployment
B. Quality forecast
C. Quality Matrix
D. House of Quality

Answer: A

NEW QUESTION 66
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?