[2023] Pass ISM CPSM Exam Updated 128 Questions [Q56-Q78]

NEW QUESTION 56
A horizontal bar chart used in project management that is commonly used to plot the planned and actual progress of project activities is known as:

NEW QUESTION 57
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 58
A lean manufacturing technique in which the transformation of materials is traced from beginning to end to determine if there is waste in the process is called:

NEW QUESTION 59
Supply management is involved
in projects at the planning stage through source solicitation planning and selection.

NEW QUESTION 60
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 61
What includes all activities that occur after a product is finished, including distribution selection, product order response and the return of goods?

NEW QUESTION 62
A scoreboard is simply a form of performance measurement and management that records the ratings from a performance evaluation process.

NEW QUESTION 63
The process of developing information systems through investigation, analysis, design,
implementation and maintenance is known as_ .

NEW QUESTION 64
Forecasters also estimate bias by using a , which is a ratio of the running sum of forecast errors to the cumulative Mean Absolute Deviation (MAD).

NEW QUESTION 65
A macro-level evaluation of an organization’s internal and external forces is called:

NEW QUESTION 66
Which of the following are the three types of supplier audits?

NEW QUESTION 67
The adaptation which responds
to the needs
of the
organization by using a combination of functional, matrix and projectized structures is known as:

NEW QUESTION 68
Organizations less familiar with the discipline of project management usually begin by creating task forces or committees within each role to tackle problem, known as:

NEW QUESTION 69
Terms where the seller is responsible for delivering the goods to a carrier named by the
buyer is the:

NEW QUESTION 70
Employees who posses a desirable knowledge, for example in the area of contract negotiations, and are hired for their mental skills are referred to as:

NEW QUESTION 71
By using which process, the financial services provider improved an established sourcing process to convey clear expectations to service providers?

NEW QUESTION 72
The process which begins by understanding the product such as its value, its physical characteristics such as length, height, width, and weight and its fragility is called:

NEW QUESTION 73
That fact that minor changes in customer demand can become exaggerated as that demand is communicated up that supply chain is referred to as:

NEW QUESTION 74
What is used to lessen the potential biases commonly found using a jury of executive opinion?

NEW QUESTION 75
The costs of logistics services should be determined; these costs plus an added value or markup becomes the:

NEW QUESTION 76
Which of the following is the area of concern to logistics?

NEW QUESTION 77
A facility used
for
receiving, storing
and
organizational strategies is known as a:

NEW QUESTION 78
What involves taking out an investment that will specifically reduce or cancel out the risk in another investment?