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 Standard Error?

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

2. Supply management goals and organizational goals do not exactly match. When proposing to organizational management a supply management change or initiative the MOST important issue is?

A) To show that the proposal is of least cost.
B) To show how the proposal will support the achievement of organizational goals and objectives.
C) To show that a SWOT analysis has been performed on the proposal.
D) The show that the proposal is innovative.

3. In benchmarking a project or process the planning stage involves 10 steps which step happens second?

A) Identify what needs to be benchmarked.
B) Determine the performance gap.
C) Determine data collection methods and collect data.
D) Identify comparative organizations.

4. The required government form to track exports for statistical purposes is the?

A) Export bill of lading.
B) Dock receipt of statistical report.
C) Consular invoice export document.
D) Export declaration document.

5. Which supply management replenishment tool would a supply manager utilize if they were trying to reduce the order cost with lean principles?

A) Fixed order quantity - based on order consumption.
B) The fixed order period - which reviews scheduled periodic.
C) Buffer or safety stock - using the standard deviation.
D) Kanban - Japanese system signaling replenishment times

Solutions: