Last Updated: Aug 11, 2026
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| Section | Objectives |
|---|---|
| Topic 1: Sourcing and Category Strategy | - Supplier evaluation and selection - Contracting and negotiation strategies - Strategic sourcing processes |
| Topic 2: Compliance and Performance Management | - Continuous improvement practices - Supplier performance measurement - Ethics and compliance in procurement |
| Topic 3: Leadership and Business Acumen | - Financial and business analysis - Leadership in supply management - Risk management and decision-making |
| Topic 4: Supply Management Core Knowledge | - Supply chain integration and operations - Category management principles - Procurement and sourcing fundamentals |
1. Which "market characteristic" includes markets where only a few suppliers produce a certain item or provide a service which is negatively impacted if one or more suppliers can no longer supply?
A) Number of qualified suppliers
B) Price Uncertainty
C) Capacity constraints
D) Global sourcing
2. The three most common benchmark measures of process capability (Cpk) are?
A) 2,1,3
B) 1.25, 1.33, 2.0
C) 1.0, -.5, 0
D) 1.0, -1.0, 0
3. Supply management professional uses a variety of methods and tools to automate the management of inventory and as replenishment tools. Which of the following is a supplier managed inventory?
A) A system where an order is placed whenever a predetermined level is reached.
B) System that holds a supplier responsible for ensuring stock is maintained at the purchasers facility.
C) A system in which the buyer sends an automated request when supply is low.
D) A system where an inventory is reviewed at periodic intervals.
4. Supply management risk management and response planning generally involves a five step approach. In the "conducting an impact assessment" step, the supply management professional is typically doing what?
A) Validating business continuity plans
B) Gaining an understanding of the state of operations and cataloging assets through interviews with risk management, insurance, and finance as well as stakeholders.
C) Identifying major threats, vulnerabilities, and key risks
D) Selecting supply chain and network contingencies
5. In change management, all of the following are steps to design a strategy for change EXCEPT.
A) Develop a detailed plan including the rationale for change.
B) Develop the implementation process of the change.
C) Flow mapping of prior strategy designs.
D) Determine the level of individual involvement in the change.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |
Rosemary
Venus
Alva
Bennett
Chasel
Eden
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