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ISM CORE Exam With Confidence Using Practice Dumps

Exam Code:
CORE
Exam Name:
Supply Management Core Exam
Certification:
Vendor:
Questions:
312
Last Updated:
Feb 26, 2025
Exam Status:
Stable
ISM CORE

CORE: CPSM Exam 2025 Study Guide Pdf and Test Engine

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Supply Management Core Exam Questions and Answers

Question 1

A company's accounting department implements a new system to track liabilities for capital assets. The reports developed by this system exclude some important indirect procurement data (e.g., transactions related to test equipment), as this information is tracked by another system. Which of the following is the BEST course of action for the firm to take in this situation?

Options:

A.

Estimate the total debts and assets being tracked outside the system and correct any large variances on a quarterly basis

B.

Notify senior management that reports from the new system may understate the company's debts and assets

C.

Notify the entire organization of the issue during the next iteration of the tool

D.

Take no action, as the aggregate numbers reported to shareholders will not be severely affected

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Question 2

FGH, Inc. has purchased components from Supplier A for many years. The supplier's performance has been very good, with reliable deliveries and consistently high quality. As contract renewal approaches, Supplier A informs FGH's supply manager that a significant price increase is anticipated, based primarily on the costs of building a new production facility. The supply manager has been directed to negotiate a new contract with Supplier A only if it agrees to maintain current pricing. Which of the following is the BEST way for the supply manager to prepare for negotiations with Supplier A?

Options:

A.

Determine if the parts made by Supplier A can be produced elsewhere

B.

Discuss alternate product designs with engineering

C.

Enlist FGH's executive management to participate in negotiations

D.

Research into whether Supplier A's recent expansion costs are reasonable

Question 3

A supply manager is planning to conduct negotiations with three potential suppliers, one of which will be selected to provide components for a new product line. A number of internal stakeholders have asked to participate in the negotiations. However, most of the stakeholders have not been involved with the sourcing process up to this point. In this situation, which of the following would be the BEST approach for the supply manager to take?

Options:

A.

Limit the negotiations to a few persons who can add feedback at designated points in the negotiation

B.

Ask the stakeholders' managers to decide who should participate in the negotiations and who should not

C.

Refuse to allow any of the stakeholders to participate in the negotiations

D.

Permit all interested stakeholders to participate in the negotiations