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| Certification Vendor: | ISM (Institute for Supply Management) |
|---|---|
| Exam Name: | Supply Management CORe Exam |
| Exam Number: | CORE |
| Available Languages: | English, Spanish |
| Related Certifications: | CPSM (Certified Professional in Supply Management) |
| Exam Format: | Multiple Response, Multiple Choice |
| Real Exam Qty: | 165 |
| Exam Duration: | 165 minutes |
| Exam Price: | USD 399 (ISM Members), USD 499 (Non-Members) |
| Certificate Validity Period: | 5 years (requires recertification) |
| Passing Score: | 400 (on a scale of 200-800) |
| Sample Questions: | ISM CORe Sample Questions |
| Exam Way: | Computer-based testing at Pearson VUE testing centers worldwide. Remote proctoring option may be available. |
| Pre Condition: | Candidates must have a bachelor's degree from a regionally accredited college/university (or international equivalent) and 3 years of full-time, professional supply management experience (non-clerical, non-support). OR Candidates without a bachelor's degree must have 5 years of full-time, professional supply management experience. |
| Official Syllabus URL: | https://www.ismworld.org/certification-and-training/certification/cpsm/ |
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HBX CORe (Credential of Readiness) is an online program offered by Harvard Business School that is designed to teach participants the fundamentals of business. The program is comprised of three courses: Business Analytics, Economics for Managers, and Financial Accounting. By completing the program, participants gain a strong foundation in business concepts and skills that are essential for success in a variety of industries.
To prepare for the HBX CORe Final Examination, students are encouraged to review all of the material presented in the course. This includes reviewing the online lectures, reading the course materials, and completing the various assignments and quizzes. Students are also encouraged to participate in the online discussion forums, where they can ask questions and receive guidance from their peers and the course instructors.
NEW QUESTION # 191
A company's sales have increased from $100 million to $105 million over the past year. The company has a
10% profit margin before taxes and spends 50% of total product costs on materials. To match the resulting profit increase, what percentage reduction in material costs would be needed?
Answer: A
Explanation:
To match the profit increase resulting from a sales increase of $5 million (from $100 million to $105 million) with a 10% profit margin, the profit increase is $0.5 million. Given that 50% of product costs are spent on materials, the material cost reduction needed to achieve the same profit increase can be calculated as follows:
* Current materials cost = 50% of $100 million = $50 million.
* Desired profit increase = $0.5 million.
* Required material cost reduction = ($0.5 million / $50 million) x 100 = 1%. Therefore, a 1% reduction in material costs is needed to match the profit increase. References: Financial management textbooks and principles, cost reduction strategies, and profit margin analysis.
NEW QUESTION # 192
A company's internal ordering system for indirect spend generally works well, though one group of products is often ordered under the wrong commodity codes, making spend history inaccurate. Which of the following will MOST likely improve data accuracy?
Answer: D
Explanation:
* Context: The internal ordering system is mostly effective, but misclassification of one product group under incorrect commodity codes is an issue.
* Problem: Incorrect commodity codes lead to inaccurate spend history.
* Solution: Introducing a drop-down menu helps users select the correct item categories, reducing errors.
* User-Friendliness: A drop-down menu simplifies the selection process, minimizing the chance of incorrect entries.
* Accuracy Improvement: Automating and guiding the selection process ensures data accuracy.
* Conclusion: This approach is likely to improve data accuracy without requiring extensive training or procedural changes.
References
* Data Management for Procurement by CIPS.
* Best practices in spend analysis and data classification.
NEW QUESTION # 193
Which of the following formulas is used to calculate operating income on the income statement of a manufacturing company?
Answer: C
NEW QUESTION # 194
The standard deviation of a given population is 3.5 with a mean of 26. Assuming the population follows a normal distribution, approximately what percentage of the population will fall between 15.5 and 36.5?
Answer: D
NEW QUESTION # 195
XYZ, Inc. currently has a transactional relationship with suppliers, but would like to work strategically with them. The firm wants to initially focus attention on the most critical suppliers. To do this, they should FIRST reach out to
Answer: A
NEW QUESTION # 196
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