ISM CPSM Bridge : CPSMB

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ISM CPSMB Exam Syllabus Topics:

ISM CPSM Bridge Sample Questions:

1. Several key statistics are used to evaluate the accuracy of a prediction using regression analysis. Which type of regression analysis descriptor BEST fits p-Value?

A) Measures the standard deviation of variation of the observed value from the predictive value and determines error.
B) Represents a decreasing index of the reliability of the calculated result. It proves the 95% confidence level.
C) Compares the estimated and actual values of the Y dependent variable ranging from a value of 0 to 1.
D) Test for the accuracy of the regression equation. It represents the significance level at which the user would reject the regression as inaccurate.

2. There are numerous International Commercial Terms the supply management professional should be familiar with. The Incoterm FCA Free Carrier (named place) indicates what?

A) The seller places goods on the loading dock and the risk of loss is transferred to the buyer.
B) The buyer takes possession of the shipment at the point of origin and bears all costs and risks associated with the transportation.
C) The supplier quotes a price that includes the cost of goods and cost of transportation to a named destination.
D) The seller delivers goods which are cleared for export to the buyers designated carrier and named location.

3. The Collaborative Planning Forecasting and Replenishment initiative allows for collaboration in all processes across the supply chain. The CPFR was developed by what organization?

A) Voluntary Inter-industry Commerce Standards Association
B) International Standards Organization
C) International Standards Common
D) Voluntary commodity standards board

4. In order to effectively manage risks, the supply management professional must conduct risk planning which includes confirming the current state of the organization as well as conducting impact assessments.
If the supply management professional was exploring immediate problems and their effects on second and third tier events which step of risk planning are they performing?

A) The probability estimation phase of risk planning
B) The scope phase of risk planning
C) The Identification phase of risk planning
D) Valuation phase of risk planning

5. The most cost effective way to dispose of inventory is?

A) Landfill disposal of excess supply management material.
B) Sell it back to the supplier.
C) Recycling through recycle entities.
D) Donation of excess supply management material.

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