CPSM EXAM 2 QUESTIONS AND ANSWERS 2025/26
UPDATE | SOLVED 100% CORRECT.
Two-by-two matrix Answer - Low to high profit margin and supply risk. Items
categorized as strategic, routine, bottleneck, and leverage
Leverage items Answer - Large volume purchases
Unit cost important
Can find substitutes
Many suppliers available
Bottleneck items Answer - Unique requirements
Suppliers technology critical
Scarce source of supply
Difficult to substitute
Difficult to forecast usage
Strategic items Answer - Continuous usage
Unique specifications
Supplier tech critical
Few suppliers available
, Difficult to substitute
Win-win partnership
Process mapping Answer - Define and understand organization's processes
Process improvement methods Answer - Six Sigma, lean operations
Lean supply management Answer - TPS Toyota Production System
Optimize size of supply base and then work collaboratively with key suppliers
on product/service development. Focus on total cost of ownership, continuous
improvement with customer focus.
Value stream mapping Answer - Transformation of materials is traced from
beginning to end to determine if there is any waste in process-no value add or
waiting time
Two common forms of risk analysis Answer - Decision tree and two-by-two
portfolio matrix
Lean tools Answer - Just in time, small lot sizes, short setup times, 5S system
Project process groups Answer - Initiating, planning, executing, monitoring and
control, closing
SWOT analysis Answer - Internal and external forces. Strengths, weaknesses,
opportunities, threats
UPDATE | SOLVED 100% CORRECT.
Two-by-two matrix Answer - Low to high profit margin and supply risk. Items
categorized as strategic, routine, bottleneck, and leverage
Leverage items Answer - Large volume purchases
Unit cost important
Can find substitutes
Many suppliers available
Bottleneck items Answer - Unique requirements
Suppliers technology critical
Scarce source of supply
Difficult to substitute
Difficult to forecast usage
Strategic items Answer - Continuous usage
Unique specifications
Supplier tech critical
Few suppliers available
, Difficult to substitute
Win-win partnership
Process mapping Answer - Define and understand organization's processes
Process improvement methods Answer - Six Sigma, lean operations
Lean supply management Answer - TPS Toyota Production System
Optimize size of supply base and then work collaboratively with key suppliers
on product/service development. Focus on total cost of ownership, continuous
improvement with customer focus.
Value stream mapping Answer - Transformation of materials is traced from
beginning to end to determine if there is any waste in process-no value add or
waiting time
Two common forms of risk analysis Answer - Decision tree and two-by-two
portfolio matrix
Lean tools Answer - Just in time, small lot sizes, short setup times, 5S system
Project process groups Answer - Initiating, planning, executing, monitoring and
control, closing
SWOT analysis Answer - Internal and external forces. Strengths, weaknesses,
opportunities, threats
