CPSM Diagnostic Practice Exam 1 | 2025 LATEST UPDATED|
COMPLETE QUESTIONS AND ANSWERS | 100% RATED
CORRECT | 100% VERFIED | ALREADY GRADED A+|GET A+
A supply manager issues a request to proposal for engineering services. In order to
provide clarification on the specification on the specifications, the company holds
a question-and-answer session for interested suppliers. Shortly after the question-
and-answer session is held and before any proposals are actually received, the
firm's engineering department revises the specifications. Given this situation,
which of the following should the supply manager do FIRST?
(A) Call and email the suppliers of the change, tell them when the new
specifications will be available, and ask for immediate notification if additional
time will be required.
(B) Write a letter to each supplier advising of the change, tell each supplier when
the new specifications will be available, and ask for immediate notification if
additional time will be required.
(C) Hold an interim pre-bid meeting withal suppliers to discuss and clarify the revi
- (answer)(A) Call and email the suppliers of the change, tell them when the new
,specifications will be available, and ask for immediate notification if additional
time will be required.
Which of the following should have the MOST influence in determining end
product specifications, so as to minimize the potential for returns?
(A) Marketing
(B) Supply management
(C) Engineering
(D) Manufacturing - (answer)(A) Marketing
When developing specifications, a buyer may consider information from which of
the following?
I. Suppliers
II. Industry Standards
III. Professional Organizations
,IV. Competitors
(A) I and IV only
(B) II and III only
(C) I, II and III only
(D) I, II, III and IV - (answer)(D) I, II, III and IV
A supply manager completes a category profile and identifies services provided
through multiple suppliers. A market and industry analysis shows that the service
provides are growing their businesses by acquiring competitors, thus enabling them
to provide a greater range of services. Which of the following techniques will
BEST enable the supply manager to leverage market competition?
(A) Lotting strategy
(B) Market-basket model
(C) Market segmentation
(D) Sole sourcing - (answer)(A) Lotting strategy
, A supply manager implements a system whereby the potential supplier names are
hidden until final contract awards are made. This example is BEST described as
ensuring
(A) confidential information is protected
(B) diversity initiatives are met
(C) total costs are minimized
(D) collusion will not occur - (answer)(A) confidential information is protected
A supply manager for a privately held manufacturing company is preparing an RFP
for raw materials. None of
the RFP recipients is an incumbent, and the award resulting from the RFP is
expected to be of significant dollar value. The supply manager is concerned that
the lack of publicly available financial information could impact willingness of the
prospective suppliers to submit proposals. Which of the following will BEST
address the concerns of the prospective bidders?
(A) Escrow account
COMPLETE QUESTIONS AND ANSWERS | 100% RATED
CORRECT | 100% VERFIED | ALREADY GRADED A+|GET A+
A supply manager issues a request to proposal for engineering services. In order to
provide clarification on the specification on the specifications, the company holds
a question-and-answer session for interested suppliers. Shortly after the question-
and-answer session is held and before any proposals are actually received, the
firm's engineering department revises the specifications. Given this situation,
which of the following should the supply manager do FIRST?
(A) Call and email the suppliers of the change, tell them when the new
specifications will be available, and ask for immediate notification if additional
time will be required.
(B) Write a letter to each supplier advising of the change, tell each supplier when
the new specifications will be available, and ask for immediate notification if
additional time will be required.
(C) Hold an interim pre-bid meeting withal suppliers to discuss and clarify the revi
- (answer)(A) Call and email the suppliers of the change, tell them when the new
,specifications will be available, and ask for immediate notification if additional
time will be required.
Which of the following should have the MOST influence in determining end
product specifications, so as to minimize the potential for returns?
(A) Marketing
(B) Supply management
(C) Engineering
(D) Manufacturing - (answer)(A) Marketing
When developing specifications, a buyer may consider information from which of
the following?
I. Suppliers
II. Industry Standards
III. Professional Organizations
,IV. Competitors
(A) I and IV only
(B) II and III only
(C) I, II and III only
(D) I, II, III and IV - (answer)(D) I, II, III and IV
A supply manager completes a category profile and identifies services provided
through multiple suppliers. A market and industry analysis shows that the service
provides are growing their businesses by acquiring competitors, thus enabling them
to provide a greater range of services. Which of the following techniques will
BEST enable the supply manager to leverage market competition?
(A) Lotting strategy
(B) Market-basket model
(C) Market segmentation
(D) Sole sourcing - (answer)(A) Lotting strategy
, A supply manager implements a system whereby the potential supplier names are
hidden until final contract awards are made. This example is BEST described as
ensuring
(A) confidential information is protected
(B) diversity initiatives are met
(C) total costs are minimized
(D) collusion will not occur - (answer)(A) confidential information is protected
A supply manager for a privately held manufacturing company is preparing an RFP
for raw materials. None of
the RFP recipients is an incumbent, and the award resulting from the RFP is
expected to be of significant dollar value. The supply manager is concerned that
the lack of publicly available financial information could impact willingness of the
prospective suppliers to submit proposals. Which of the following will BEST
address the concerns of the prospective bidders?
(A) Escrow account
