CPSM Diagnostic Practice Exam Questions and Answers
A supply manager issues a (A) Call and email the suppliers of the change, tell them
request to when the new specifications will be available, and ask
proposal for engineering
for immediate notification if additional time will be
services. In order to provide
required.
clarification on the
specification on the
specifications, the company
holds a question-and-
answer session for
interested suppliers.
Shortly after the question-
and- answer session is
held and before any
proposals are actually
received, the firm's
engineering department
revises the
specifications. Given this
situation, which of the
following should the
supply manager do
FIRST?
(A) Call and email the
suppliers of the change,
tell them when the
new
specifications will be
available, and ask for
immediate notification if
additional time will be
required.
(B) Write a letter to each
supplier advising of the
change, tell each supplier
,when the new specifications
will be available, and ask for
immediate notification if
additional time will be
required.
(C) Hold an interim pre-bid
meeting withal suppliers to
discuss and clarify the
revised specifications, and
ask for immediate
notification if additional item
will be required.
(D) Prepare and distribute a
brand-new request for
proposal package to be sent
to each supplier.
Which of the following (A) Marketing
should have the MOST
influence in determining
end
product specifications, so
as to minimize the
potential for returns?
(A) Marketing
(B) Supply management
(C) Engineering
(D) Manufacturing
,When developing (D) I, II, III and IV
specifications, a buyer
may consider information
from which of the following?
I. Suppliers
II. Industry Standards
III. Professional Organizations
IV. Competitors
(A) I and IV only
(B) II and III only
(C) I, II and III only
(D) I, II, III and IV
A supply manager completes (A) Lotting strategy
a category profile and
identifies services provided
through multiple suppliers. A
market and industry analysis
shows that the service
provides are growing their
businesses by
acquiring competitors, thus
enabling them to provide a
greater range of services.
Which of the following
techniques will BEST enable
the supply manager to
leverage market
competition?
(A) Lotting strategy
(B) Market-basket model
(C) Market segmentation
(D) Sole sourcing
, A supply manager (A) confidential information is protected
implements a system
whereby the potential supplier
names are
hidden until final contract
awards are made. This
example is BEST described
as ensuring
(A) confidential information is
protected
(B) diversity initiatives are met
(C) total costs are minimized
(D) collusion will not occur
A supply manager for a (B) Letter of credit
privately held
manufacturing company is
preparing an RFP for raw
materials. None of
the RFP recipients is an
incumbent, and the award
resulting from the RFP is
expected to be of
significant dollar value. The
supply manager is
concerned that the lack of
publicly available financial
information
could impact willingness of
the prospective suppliers to
submit proposals. Which of
the following will BEST
address the concerns of the
prospective bidders?
(A) Escrow account
(B) Letter of credit
(C) Payment bond
(D) Surety bond
A supply manager issues a (A) Call and email the suppliers of the change, tell them
request to when the new specifications will be available, and ask
proposal for engineering
for immediate notification if additional time will be
services. In order to provide
required.
clarification on the
specification on the
specifications, the company
holds a question-and-
answer session for
interested suppliers.
Shortly after the question-
and- answer session is
held and before any
proposals are actually
received, the firm's
engineering department
revises the
specifications. Given this
situation, which of the
following should the
supply manager do
FIRST?
(A) Call and email the
suppliers of the change,
tell them when the
new
specifications will be
available, and ask for
immediate notification if
additional time will be
required.
(B) Write a letter to each
supplier advising of the
change, tell each supplier
,when the new specifications
will be available, and ask for
immediate notification if
additional time will be
required.
(C) Hold an interim pre-bid
meeting withal suppliers to
discuss and clarify the
revised specifications, and
ask for immediate
notification if additional item
will be required.
(D) Prepare and distribute a
brand-new request for
proposal package to be sent
to each supplier.
Which of the following (A) Marketing
should have the MOST
influence in determining
end
product specifications, so
as to minimize the
potential for returns?
(A) Marketing
(B) Supply management
(C) Engineering
(D) Manufacturing
,When developing (D) I, II, III and IV
specifications, a buyer
may consider information
from which of the following?
I. Suppliers
II. Industry Standards
III. Professional Organizations
IV. Competitors
(A) I and IV only
(B) II and III only
(C) I, II and III only
(D) I, II, III and IV
A supply manager completes (A) Lotting strategy
a category profile and
identifies services provided
through multiple suppliers. A
market and industry analysis
shows that the service
provides are growing their
businesses by
acquiring competitors, thus
enabling them to provide a
greater range of services.
Which of the following
techniques will BEST enable
the supply manager to
leverage market
competition?
(A) Lotting strategy
(B) Market-basket model
(C) Market segmentation
(D) Sole sourcing
, A supply manager (A) confidential information is protected
implements a system
whereby the potential supplier
names are
hidden until final contract
awards are made. This
example is BEST described
as ensuring
(A) confidential information is
protected
(B) diversity initiatives are met
(C) total costs are minimized
(D) collusion will not occur
A supply manager for a (B) Letter of credit
privately held
manufacturing company is
preparing an RFP for raw
materials. None of
the RFP recipients is an
incumbent, and the award
resulting from the RFP is
expected to be of
significant dollar value. The
supply manager is
concerned that the lack of
publicly available financial
information
could impact willingness of
the prospective suppliers to
submit proposals. Which of
the following will BEST
address the concerns of the
prospective bidders?
(A) Escrow account
(B) Letter of credit
(C) Payment bond
(D) Surety bond
