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CPSM1 Actual Questions
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Foundation of Supply Management
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Which of the following is NOT the group of International Commercial Terms?
Group E
Group F
Group C
Group K
Terms where the seller is responsible for delivering the goods to a carrier named by the buyer is the:
Group E
Group F
Group C
Group K
The supply management professional may use which mean to resolve the logical conflicts?
Litigation
Negotiation
Acceptance
All of the above
When both parties end a negotiation feeling content with what they have bargained, this is referred to as:
Procurement scheme
win-win proposition
Superior intention
Disputed proposal
Organizations that perform freight auditing are called:
Traffic consultants
Auditing consultants
Transportation consultants
Service consultants
Which of the following is the area of concern to logistics?
Inventory
Transportation
Customer service
All of the above
A measure of velocity of total inventory movement through the organization, found by dividing annual sales by the average aggregate inventory value maintained during the year is called:
Inventory proceeds
Inventory turnover
Inventory yield
Inventory return
The costs of logistics services should be determined; these costs plus an added value or markup becomes the:
Transfer price
Productivity cost
Operational price
Professional supply cost
A scoreboard is simply a form of performance measurement and management that records the ratings from a performance evaluation process.
True
False