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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:
Nov 23, 2024
Exam Status:
Stable
ISM CORE

CORE: CPSM Exam 2024 Study Guide Pdf and Test Engine

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Supply Management Core Exam Questions and Answers

Question 1

A director of supply management is tasked with determining where savings can be found in indirect cost categories. If needed, the company will consider hiring additional staff to negotiate and administer contracts. Which of the following is the FIRST step the supply manager should take?

Options:

A.

Assess skills already available in supply management

B.

Identify a cross-functional team to brainstorm solutions

C.

Develop a new supplier relationship model

D.

Establish a baseline using current spend data

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Question 2

DEF, Inc. is a multinational oil company expanding into a new geographic region. The firm's policy is to purchase locally for its operations whenever possible. Thus, DEF needs to find sources of materials, basic equipment, and standard bulk items within the new region. Which of the following should DEF do FIRST?

Options:

A.

Issue a Request for Quotation (RFQ)

B.

Conduct a suppliers' conference

C.

Issue a Request for Information (RFI)

D.

Issue a Request for Proposal (RFP)

Question 3

A supply manager seeks bids on a new piece of capital equipment. The equipment is budgeted at $115,000. Three suppliers send in bids of $110,000, $114,000 and 5135,000. After receiving the bids, additional negotiations with the low bidder result in a final cost of $105,000. In this situation, what should the baseline value be for calculating cost avoidance?

Options:

A.

$114,000

B.

$135,000

C.

$110,000

D.

$115,000