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ISM CPSM Bridge Sample Questions:

1. Which of the following is NOT a method a supply management professional would use to measure forecast accuracy for future supply needs?

A) Mean square error of the square of errors.
B) Chi-square calculations for regression
C) Standard error rates of the distribution.
D) The mean percentage error or forecast error.

2. A supply management method a supply management professional may use which provides them the right to buy goods elsewhere should a supplier fail to deliver and bill them for the goods and cost of sourcing the additional supplier is called?

A) Guaranteed delivery of products.
B) Additional sourcer clause invoking.
C) Guaranteed supplier modification of delivery.
D) Supplier forced modification for delivery.

3. Which "item characteristic" includes price increases due to poor planning?

A) Cost
B) Product application
C) Global sourcing
D) Availability of supply

4. A formal contingency plan in the event of unforeseen events implemented should a dissolution be needed is referred to as a/an?

A) Release strategy for a supply management organization.
B) Business continuity of operations for a supply management organization.
C) Exit strategy for a supply management organization.
D) Broker merchant plan for a supply management organization.

5. Service level agreements are most commonly used with application service providers. All of the following are elements of the service level agreement EXCEPT.

A) Intellectual rights, non-disclosure and security
B) Customer roles and responsibilities.
C) Conflict management
D) Supply distribution locations

Solutions: