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| Certification Vendor: | ISM (Institute for Supply Management) |
|---|---|
| Exam Name: | Supply Management CORe Exam |
| Exam Number: | CORE |
| Certificate Validity Period: | 5 years (requires recertification) |
| Passing Score: | 400 (on a scale of 200-800) |
| Real Exam Qty: | 165 |
| Exam Price: | USD 399 (ISM Members), USD 499 (Non-Members) |
| Related Certifications: | CPSM (Certified Professional in Supply Management) |
| Available Languages: | English, Spanish |
| Exam Format: | Multiple Response, Multiple Choice |
| Exam Duration: | 165 minutes |
| 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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Credential Preparation (CORe) is a comprehensive online program that includes three training courses: Service Analysis, Business Economics for Managers, and Financial Accounting, designed to help you become familiar with business language. It will undoubtedly expand the capabilities of widely positioned and important beliefs and add certainty to business discussions and momentum.
To obtain proof of eligibility, members must do the following:
Simplify the end-of-year exam scoring for each of the three-section courses
Demonstrate hardware mastery with an excellent module test surface
Carefully total all modules based on shared outage hours
Participate sufficiently in the circulations through reflections and new steps, for example
Our HBX CORe practice exams and HBX CORe Dumps will definitely help you understand the language of the organization. You will surely develop essential localized reasoning ability and certainty to contribute to business and dynamic discussions. The final and crucial CORe test is a three-hour closed post-assessment, with different decisions, conveyed by the HBS online course phase. The test is used for participants after a successful conclusion of the program for specific time periods after the cut-off time of the last component. The exam is divided into three areas: Organizational Analysis, Economics for Supervisors, and Financial Accounting, and you have one hour to complete each segment. Each of the 3 test locations will have 45 questions, of which a large section will be a different option or a different selection. You can complete exams in any application and it is not necessary to complete all segments at the same time. However, when you start a component, a clock will start and it will also be scanned based on the number of questions completed during that period.
NEW QUESTION # 274
A firm is developing a solicitation to purchase materials in order to meet the needs of a new product launch.
The firm anticipates that some or all of its existing suppliers will respond to the solicitation. Given this situation, which of the following is the BEST requirements gathering approach for the firm?
Answer: C
Explanation:
* Situation Context: The firm is developing a solicitation for materials for a new product launch, and existing suppliers are expected to respond.
* Collaboration Need: Joint requirements development sessions involve collaborating with key stakeholders, including existing suppliers, to gather comprehensive requirements.
* Detailed Understanding: This approach ensures a detailed and accurate understanding of the needs, leveraging the suppliers' expertise and knowledge of their capabilities.
* Alignment: It aligns the expectations of all parties involved, resulting in more precise and effective
* solicitation documents.
* Outcome: This method increases the likelihood of receiving proposals that meet the firm's exact requirements and supports a successful new product launch.
References
* ISM Professional Series: Supply Management Core
* CIPS Guide to Procurement Requirements Gathering
NEW QUESTION # 275
When developing a supplier exit strategy, which of the following is generally considered the MOST important internal consideration?
Answer: C
Explanation:
* Assess Risk: Understand the risk associated with terminating a supplier and the impact on the supply chain.
* Continuity of Supply: Ensuring that there is no disruption in the supply of critical materials or services is paramount.
* Strategic Planning: Developing a comprehensive exit strategy that includes alternative suppliers or contingency plans.
* Minimizing Impact: Minimize any negative impact on production schedules, customer commitments, and overall supply chain stability.
References
* Supplier Exit Strategies
* Risk Management in Supply Chain
* Continuity Planning Resources
NEW QUESTION # 276
Which of the following is considered the HIGHEST level in a supply chain's strategic plan?
Answer: B
Explanation:
In the context of supply chain management, the highest level in a strategic plan is the objective of the organization. This is because the objective sets the overarching goals and vision for the entire supply chain.
These objectives provide a clear direction and purpose, ensuring that all activities and strategies align with the broader goals of the organization. Commodity segmentation, supplier differentiation, and acquisition planning are more specific tactics and strategies that support the overall objectives but are not the highest level themselves.
References:
* APICS Supply Chain Council. (2017). SCOR Model.
* Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation.
NEW QUESTION # 277
Which of the following figures does an analyst need to calculate from the income statement in order to calculate free cash flows?
Answer: A
NEW QUESTION # 278
A sourcing manager is evaluating the following bids:
Quality ScoreCost
Supplier 190$100,000
Supplier 290$104,000
Supplier 3100$105,000
Supplier 4100$110,000
To score the cost attribute, the company with the lowest cost is awarded 100 points. The remaining companies lose 1 point for every 1% in higher costs. The overall weighting for the score is 50% quality and 50% cost.
Which supplier should be awarded the contract?
Answer: D
Explanation:
To determine which supplier should be awarded the contract, we need to calculate the overall score for each supplier by combining the quality score and the cost score, with each weighted at 50%.
* Calculate the cost score:
* Supplier 1: $100,000 (100 points)
* Supplier 2: $104,000 (100,000/104,000 = 96.15, so 100 - 3.85 96 points)
* Supplier 3: $105,000 (100,000/105,000 = 95.24, so 100 - 4.76 95 points)
* Supplier 4: $110,000 (100,000/110,000 = 90.91, so 100 - 9.09 91 points)
* Calculate the overall score:
* Supplier 1: (90 * 0.5) + (100 * 0.5) = 95
* Supplier 2: (90 * 0.5) + (96 * 0.5) = 93
* Supplier 3: (100 * 0.5) + (95 * 0.5) = 97.5
* Supplier 4: (100 * 0.5) + (91 * 0.5) = 95.5
Supplier 3 has the highest overall score (97.5), so Supplier 3 should be awarded the contract.
References
* Supplier Selection Criteria: Supply Chain Management Review
* Weighted Scoring Method: Procurement Best Practices from ISM
NEW QUESTION # 279
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