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ISM CPSM Bridge Sample Questions:

1. Which of the following is not one of components of organizational strategy?

A) Business unit strategies
B) Corporate strategies
C) Competitor strategies
D) Supply management strategies

2. Supply management professionals must understand the legal and regulatory requirements necessitating a good storage system for paper and data management of their organizations supply management information. The Uniform Commercial Code and many of the trade acts require documentation of activities the organization participates in. How long is a purchase order required to be kept after the contract terminates to conform with the statute of limitations?

A) Five Years
B) Six Years
C) Seven Years
D) Thirty Years

3. The entity which limits the number of hours long haul truckers can drive without breaks is the?

A) Occupational Safety and Health Administration OSHA
B) Owner Operator Independent Drivers Association (OOIDA)
C) Department of Transportation
D) Federal Highway Patrol

4. Prior to initiating an exit strategy with a supplier the supply managers first action should be?

A) Contacting the existing supplier to confirm intent.
B) Preservation of the existing supplier relationship.
C) Contact the legal department for possible legal ramifications.
D) Initiate a pool of prospective suppliers.

5. In order to effectively manage risks, the supply management professional must conduct risk planning which includes confirming the current state of the organization as well as conducting impact assessments.
If the supply management professional was exploring immediate problems and their effects on second and third tier events which step of risk planning are they performing?

A) The probability estimation phase of risk planning
B) The Identification phase of risk planning
C) The scope phase of risk planning
D) Valuation phase of risk planning

Solutions: