Free ISM CPSMB Exam Dumps Questions & Answers

The inventory classification system based on the premise that 20 percent of the items held in inventory for sale will generate 80 percent of the sales revenue is called?

• A.ABC inventory classification.
• B.123 inventory classification.
• C.80/20 inventory classification.
• D.Pareto inventory classification.

Which supply management replenishment tool would a supply manager utilize if they were trying to reduce the order cost with lean principles?

• A.Buffer or safety stock - using the standard deviation.
• B.Kanban - Japanese system signaling replenishment times
• C.The fixed order period - which reviews scheduled periodic.
• D.Fixed order quantity - based on order consumption.

A decentralized supply management function helps to develop a fast response for a make/buy decision and a strategy for a sourcing with a single source at this stage of the product life cycle?

• A.Stage 1: Design Stage
• B.Stage 2: Introduction Stage
• C.Stage 3: Growth Stage
• D.Stage 4: Maturity Stage

Managing the ramp up process and implementing full scale production is typically characterized by what?

• A.High variability and uncertainty with conflicts managing long cycle times and fast throughput increases.
• B.Low variability and uncertainty with conflicts managing long cycle times and slow throughput increases.
• C.Low variability and certainty with conflicts managing short cycle times and fast throughput increases.
• D.High variability and uncertainty with conflicts managing short cycle times and fast throughput increases.

In change management, all of the following are steps to design a strategy for change EXCEPT.

• A.Develop a detailed plan including the rationale for change.
• B.Determine the level of individual involvement in the change.
• C.Develop the implementation process of the change.
• D.Flow mapping of prior strategy designs.