[Q39-Q62] Updated Jan-2024 Exam Engine or PDF for the CPSM Tests Free Updated Today!

NEW QUESTION 39
When an organization reduces the number and design of items it uses, this is referred to as:

NEW QUESTION 40
A measure of velocity of total inventory movement through the organization, found by dividing annual sales by the average aggregate inventory value maintained during the year is called:

NEW QUESTION 41
Which of the following is the area of concern to logistics?

NEW QUESTION 42
A project manager is assigned to a project, either full-time or part-time, depending on the size of the project, and then must negotiate for the services of individual team members with each appropriate functional manager in:

NEW QUESTION 43
Which of the following essentially translate an organization’s business plan into an operation plan?

NEW QUESTION 44
The process of accessing progress toward achieving predetermined goals is called:

NEW QUESTION 45
A useful tool for summarizing and displaying the distribution of a process data set is called:

NEW QUESTION 46
What provides an illustration of the project’s scope sand all tasks become the basic for monitoring the project’s progress?

NEW QUESTION 47
Which of the following is NOT the element o0f a project plan?

NEW QUESTION 48
A set of systematic procedures to apply critical thinking to information, data and experience for the purpose of solving problems, making decisions, anticipating future problems and appraising situations is known as:

NEW QUESTION 49
What involves selected practices and
measurements
that are
compared from one organization to another?

NEW QUESTION 50
A valid concept of connectedness that allows an organization to maintain a high level of confidence in its distribution system is the:

NEW QUESTION 51
Making environmentally
conscious
decisions throughout the purchasing process beginning with product and process design through product disposal is known as:

NEW QUESTION 52
A large number of suppliers who are all capable of supplying the same product, and the dollars in:

NEW QUESTION 53
distributing materials
in support
of
A warehouse for storing and shipping material, usually finished goods, often located apart from the manufacturing site is called:

NEW QUESTION 54
A managerial and organizational approach used to integrate the supply management functions in an organization is referred to as:

NEW QUESTION 55
Which of the following is NOT the type of budget that the supply management budget includes?

NEW QUESTION 56
The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as:

NEW QUESTION 57
A scoreboard is simply a form of performance measurement and management that records the ratings from a performance evaluation process.

NEW QUESTION 58
The ratio of annual operating income to the total capital put in the business is called:

NEW QUESTION 59
The purpose of is to determine whether or not an organization’s financial
statements are
prepared in accordance with generally
accepted accounting principles.

NEW QUESTION 60
At which level, rudimentary contract management processes exist with some informal documentation but there is no accountability for not following the standards and processes?

NEW QUESTION 61
The goal of method is to find one
or more independent variables that are good predictors of the dependent variable.

NEW QUESTION 62
Third parties who act as intermediaries between buyer and seller are known as: