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ISM CPSM Bridge Sample Questions:

1. Typically the supply management professional will have sufficient time for competitive bidding. If increased urgency is required the supply management professional will resort to?

A) Succession bidding where the first bidder to supply wins the awards of the contract.
B) Rapid ordering system for acquisition.
C) Negotiation for best price best/product service.
D) FIRST IN delivery which is the fastest form.

2. Which of the following price strategies would one use if they allow the seller to charge an hourly rate for labor plus the cost of materials and allowable expenses?

A) Market demand pricing
B) Loss leader pricing
C) Market based approach
D) Time and material contracts

3. Sydney Johnson is the supply management professional for Scott Textile Industries of North America.
Numerous antitrust and trade regulations as well as U.S. Federal procurement and public projects affect her daily operations. Which regulation would require her organization to pay the local prevailing wage if they utilized a Federal service contract?

A) Service Contract Act
B) General Agreement on Tariffs and Trade (GATT)
C) Prompt Payment Act
D) North American Free Trade Agreement (NAFTA)

4. Successful supply management involves well designed information technology infrastructure. Business strategies in relation to information technology are influenced by all of the following EXCEPT?

A) The importance of a particular technology to the organization.
B) The technology of competitor suppliers
C) The information technology budget
D) Internal resource capabilities of the act the department to help shape the goal.

5. In internal distribution pallet jacks, conveyer systems, and fork lifts are types of?

A) Transport systems of the supply organization.
B) Conveyance methods in the supply organization.
C) Travel methods of the supply organization.
D) Internal transportation in the supply organization.

Solutions: