ISM CPSM1 : Foundation of Supply Management Exam
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Exam Number : CPSM1
Exam Name : Foundation of Supply Management
Vendor Name : ISM
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Format | CPSM1 Course Contents | CPSM1 Course Outline | CPSM1 test
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This course focuses on management and improvement of supply chain processes and performance. It will be valuable for students who would like to pursue a career in consulting or take a position in operations, marketing or finance functions in a manufacturing or distribution firm. We explore important supply chain metrics, primary tradeoffs in making supply chain decisions, and basic tools for effective and efficient supply chain management, production planning and inventory control, order fulfillment and supply chain coordination. We will also investigate subjects
such as global supply chain design, logistics, and outsourcing, several other accurate supply chain innovations.
The class format includes lectures, case discussions, guest speakers, and simulation games. The content covers both quantitative and qualitative materials. The cases will feature high-tech companies as well as firms in more traditional industries such as apparel and manufacturing.
Institute for Supply Management® (ISM®) is the first and leading not-for-profit professional supply management
organization worldwide. Its 47,000 members in more than 90 countries around the world manage about US$1
trillion in corporate and government supply chain procurement annually. Founded in 1915 by practitioners, ISM
is committed to advancing the practice of supply management to drive value and competitive advantage for its
members, contributing to a prosperous and sustainable world. ISM empowers and leads the profession through the
ISM® Report On Business®, its highly-regarded certification and training programs, corporate services, events and
the ISM® Mastery Model®. The ISM® Report On Business®, Manufacturing and Non-Manufacturing, are two of the
most reliable economic indicators available, providing guidance to supply management professionals, economists,
analysts, and government and business leaders.
CPSM Certification Overview
The CPSM is globally recognized as the gold standard of excellence for supply management professionals, in
both the manufacturing and non-manufacturing sectors. The designation is transportable across industries, job
roles and regions, providing designation holders with flexibility and mobility.
The CPSM is for forward-thinking supply management professionals who desire to demonstrate a broad
understanding of the components of the profession. The program emphasizes the major competencies of supply
management. Those earning the CPSM will attain a greater understanding of end-to-end supply management
and be better positioned to positively impact their organization.
CPSM Eligibility Requirements
Earning a CPSM designation requires you to take and pass three exams, which can be taken in any order:
• Supply Management Core
• Supply Management Integration
• Leadership and Transformation in Supply Management
Candidates must have three years of full-time, professional supply management experience (nonclerical and
nonsupport) with a bachelors degree from a regionally accredited institution or international equivalent or five
years of full-time, professional supply management experience (nonclerical and nonsupport) without a qualified
All applicable experience must be in a professional position where the primary function is supply management.
Professional experience is usually defined as positions with decision-making authority and where independent
judgement is exercised. ISM does not require a candidate to work in all areas of supply management or be in a
management position. Proof of work experience is not required from those with a current C.P.M. certification.
ISM will evaluate work experience for candidates unsure if their current or previous positions are considered
applicable. The evaluation is optional, and there is a nominal charge.
The work-experience evaluation process allows a candidate to submit work experience documentation prior
to taking exams. ISM will return an evaluation to the candidate indicating if the experience is acceptable.
Candidates with acceptable experience should submit the evaluation with their original certification application
after they have passed the exams.
- Assess stakeholder needs and organize into sourcing plans 5
- Analyze and advise on feasibility of internal customer requests 3
- Analyze potential sources of products or services 7
- Determine methods to process requirements for goods or services based on cost, 5 timing, existing contracts and competitive bidding, as appropriate
- Conduct analyses to develop insourcing or outsourcing strategy 5
- Identify and implement technologies to support supply management 4
- Leverage spend through the identification, development and execution of 5 sourcing strategies
- Implement strategic sourcing plans aligned with organizational and stakeholder objectives 5
- Prepare solicitations for competitive bids, quotations and proposals with 6 pertinent specifications, terms and conditions
- Evaluate competitive offerings to identify the overall best offer for a product or service 5
- Create a category management plan to meet the organizations key objectives 5
- Execute a category management plan 5
- Prepare negotiation plan that aligns with organizational objectives 5
- Prepare and develop strategies and tactics for negotiations 4
- Lead, conduct and support negotiations with suppliers 5
LEGAL AND CONTRACTUAL
- Manage the preparation of contracts/purchase orders 5
- Award contracts to suppliers 3
- Administer contracts and/or purchase orders from award to completion or termination 5
- Perform or obtain legal review of contracts and other supply management documents 4
- Generate and follow supply management processes to ensure legal compliance 4
TASK TASK DESCRIPTION NUMBER OF QUESTIONS
SUPPLIER RELATIONSHIP MANAGEMENT
- Develop provider
qualification plans to assure components, materials 4 and suppliers meet specified requirements
- Develop and manage effective relationships with suppliers 7
- Conduct provider
performance evaluations 5
- Conduct regular business reviews with suppliers 4
- Identify opportunities and benefits for rationalizing the supply base 4
- Identify opportunities to drive provider
- Develop and implement provider
exit strategies 3
- Review provider
performance against negotiated service level agreements (SLAs) 4
- Resolve invoice and payment problems 2
- Act as a liaison between suppliers and functional areas to ensure accurate 4 information, documentation and product flow
- Work with suppliers to identify constraints and implement value-added processes 3
COST AND PRICE MANAGEMENT
- Develop cost management program strategies for purchases 5
- Perform cost/benefit analyses 4
- Conduct spend analysis to determine strategies for specific categories 5
- Track and validate cost savings and cost avoidance 4
- Prepare and/or administer a supply management department budget 3
- Develop financing strategies for purchases 3
- Verify that sufficient reporting exists 3
TOTAL 180 (including 15 unscored*)
* Included are 15 statistical data research questions which are unscored (not included in your final test
Supply Management Integration Exam
TASK TASK DESCRIPTION NUMBER OF QUESTIONS
SUPPLY CHAIN STRATEGY
- Develop and/or implement a material or service standardization program 5
- Implement requirements planning to align supply management activities 7 with organizational strategy
- Implement operations planning, scheduling and inventory control processes 6 to ensure optimum use of resources
- Structure the supply chain in support of the organizations business strategy 7
SALES AND OPERATIONS PLANNING – DEMAND PLANNING
- Incorporate the use of sales, inventory and capacity forecasts in the planning 6 of materials production to better meet strategic objectives and goals
- Conduct demand planning 4
SALES AND OPERATIONS PLANNING – FORECASTING
- Analyze and report on market conditions, benchmarks and industry 5 trends to internal stakeholders
- Develop supply forecasts in light of economic and technological trends 5
- Plan and communicate sourcing and supply strategies based on forecasted data 6
- Manage forecasted data with suppliers 5
- Calculate and report forecast accuracy 4
SALES AND OPERATIONS – PRODUCT AND SERVICE
- Participate in new product or service development in support of marketing efforts 5
- Participate in product-service ramp-up and/or ramp-down strategies and implementation 5
- Create systems and process improvements to help the organization meet sales goals 5
- Develop and/or administer a provider
quality certification program 4
- Develop measurements for quality improvement 4
- Implement continuous improvement processes within the supply chain 6
TASK TASK DESCRIPTION NUMBER OF QUESTIONS
LOGISTICS AND MATERIAL MANAGEMENT
- Design transportation and distribution policies and procedures to 4 ensure optimum flow of materials
- Manage transportation, invoicing and documentation functions to 4 ensure regulatory compliance
- Manage the resolution of delivery/receiving problems 4
- Analyze provider
transportation costs 5
- Develop and/or implement a warehouse management system 5
- Conduct network design and optimization to support the business model, 5 increase productivity and lower operating costs
- Oversee the day-to-day operations of a warehousing function 4
- Develop and/or implement an inventory management system 5
- Coordinate and/or monitor the movement of equipment and assets within the organization 3
- Expedite/de-expedite orders 3
- Develop and/or execute plans and metrics to reduce risk of shortages 4
- Identify cost-effective packaging that meets requirements 3
- Conduct investment recovery activities for surplus/obsolete materials 4
- Perform project management activities 8
TOTAL 165 (including 15 unscored*)
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ISM of Questions and Answers
Manchester NAACP President James McKim
a few well known americans have made the commentary that systemic racism does not exist right here in New Hampshire. What does that statement mean? Is it real? What could that suggest for us?
To answer these questions, as with every query being examined, it may be positive to outline some terms. So, let me begin via defining some terms I think are crucial for this query: â€śraceâ€ť, â€śprejudiceâ€ť, â€śdiscriminationâ€ť, â€ścodifyâ€ť, â€śsystemâ€ť, â€śsystemicâ€ť, â€śismâ€ť, and â€śracismâ€ť. Then i'll put the phrases together to kind a definition of â€śsystemic racismâ€ť.
â€śRace,â€ť as defined by way of Merriam-Webster, is â€śany one of the companies that humans are often divided into in keeping with actual traits viewed as commonplace among people of shared ancestryâ€ť. Colloquially it's used to check with businesses of individuals who're black bodies, brown our bodies, purple bodies, yellow bodies or white bodies.
â€śPrejudice,â€ť as described through Merriam-Webster, is â€śan adverse opinion or leaning fashioned devoid of simply grounds or before enough expertiseâ€ť
â€śDiscrimination,â€ť as described by using Merriam-Webster, is â€śprejudiced or prejudicial outlook, motion, or medicineâ€ť.
â€śCodifyâ€ť as described in Longman Dictionary of contemporary English, is â€śto organize laws, principles, facts and so on. in a gadget.â€ť
â€śgadget,â€ť, as defined by Merriam-Webster, is â€śan often interacting or interdependent neighborhood of gadgets forming a unified totalâ€ť. businesses (including institutions) improve, execute, and preserve programs to get work achieved.
â€śSystemic,â€ť as described with the aid of the Merriamâ€“Webster, is â€śof, relating to, or common to a system.â€ť associations enforce systems to get issues finished.
An â€śism,â€ť as described by way of the Merriamâ€“Webster, is â€śan oppressive and particularly discriminatory angle or beliefâ€ť.
â€śRacism,â€ť as described via the Merriamâ€“Webster, is â€śa belief that race is a primary determinant of human features and capacities and that racial transformations produce an inherent superiority of a particular raceâ€ť and â€śthe systemic oppression of a racial group to the social, financial, and political capabilities of an additional.â€ť
Social psychologist and cultural variety student James M. Jones of the university of Delaware theorized that there are three principal styles of racism: for my part mediated, internalized and institutionalized, aka â€śsystemicâ€ť or â€śstructuralâ€ť racism
inserting the terms together
in accordance with Glen Harris, president of the brand new Race forward, systemic racism is â€śthe complex interaction of lifestyle, policy and associations that holds in region the consequences we see in our lives.â€ť
one more instructive definition from Sir William Macpherson is, â€śThe collective failure of a firm to supply an appropriate and expert provider to americans as a result of their colour, tradition, or ethnic beginning. It can be seen or detected in approaches, attitudes, and conduct that quantities to discrimination via prejudice, lack of awareness, thoughtlessness, and racist stereotyping which disadvantage minority ethnic peopleâ€ť.
to assert this in an extra way, groups and governments codify conduct by way of defining techniques when it comes to concepts, guidelines and approaches. This codification can deliberately or unintentionally evade, inspire or enable for discrimination. as a consequence systemic racism is the intentional or unintentional motion of a company or institution of codifying and exhibiting racial discrimination through ideas, policies, techniques or laws.
This codification and behavior, in lots of circumstances, have didn't make certain americans of color were handled with dignity and admire.
What all of it capacity
When someone says â€śsystemic racism does not exist in New Hampshire,â€ť it seems to replicate an absolute, all-encompassing perception. It appears to mirror a belief that every one businesses (public and personal) provide an acceptable and skilled carrier to people in spite of their colour or ethnic beginning. It looks to reflect a perception that no firm (public or private) in New Hampshire and no laws at any degree (local, county, or state) have procedures or attitudes or enable conduct that quantities to discrimination through prejudice, lack of knowledge, thoughtlessness and racist stereotyping which drawback minority ethnic individuals.
Is it proper?
records exhibit that systemic discrimination towards individuals of colour DOES take place in New Hampshire.
Wealth: The core for American growth stories that African americans in New Hampshire are twice as likely to be in poverty than Whites.
Housing: the brand new Hampshire Housing Finance Authority stories that there were 110 complaints of racial discrimination over the last 5 years.
crook Justice: The penal complex policy Initiative experiences that African american citizens are 7 times extra likely to be incarcerated than Whites.
health Care: in response to New Hampshire branch of health and Human capabilities, African americans and Latino citizens are twice as more likely to contract Covid-19. Statewide stories by way of the Minority health Coalition demonstrate dramatic changes in medical insurance coverage by race, with 89% of non-Hispanic Whites reporting having coverage in 2002, and best 62% of African descendants and 38% of Latinos reporting medical health insurance insurance in New Hampshire. The coalition additionally discovered racial and ethnic disparities in weight and weight manage, as well as incidence of hypertension.
education: the brand new Hampshire branch of schooling experiences that white students are 10% extra likely to graduate from excessive school than African American college students. ProPublica reviews that white students are 2.5 instances as likely to be enrolled in at least one AP category as college students of two or extra races. Hispanic students are 2.6 times as prone to be suspended as white students
Some could argue that the existence of those disparities or examples isn't evidence of systemic racism. youngsters, trust how frequent the data is throughout the state and not just in one or two cities the place there are more individuals of color. And the undeniable fact that disparities exist at all indicate a failure of the programs to supply appropriate and expert provider to americans of color. These are extra the proof that the discrimination is systemic instead of episodic.
We recognize that people in an organization ARE the organization. Any conduct they show is, de facto, behavior of the firm which they signify. but what do we do with this tips?
I agree with we have to beginning with the query: â€śWhat will we cost right here in New Hampshire?â€ť can we price equality of opportunity? do we need to live in an international the place white bodies and bodies of color have equal possibility? in that case, then to eliminate the disparities led to by way of systemic racism towards individuals of colour we need to get relaxed with the soreness of talking about racism; accept and expect equitable (no longer equal) treatment of americans of colour; and take action towards discrimination whenever we see it. in any other case, the disparities will stay and we would not have equal probability to enjoy the New Hampshire dream of residing free.
James T. McKim Jr. is president of the Manchester NAACP.