Assess the CertsIQ’s updated CORE exam questions for free online practice of your Supply Management Core test. Our Core dumps questions will enhance your chances of passing the CPSM certification exam with higher marks.
An organization is preparing its budget for the next fiscal year. Management challenges the procurement teamto reduce MRO purchasing costs. The procurement team has reduced the janitorial services budget by 2.5%,
but corporate management wants a 5% reduction. Which of the following is the BEST approach for the team
to take in order to meet management's expectation?
A supply manager is trying to leverage spend on travel and meeting services for a series of conferences to be
held at various locations. The specifics of the conferences will vary according to
location and cultural considerations. The organization seeks the best solution to help the conferences succeed.
In this situation, which of the following will be MOST appropriate?
Which of the following is the MOST important reason for supply management to share company business
plans with current and prospective suppliers?
A firm enters into a contract with a minority business. The invoice does not match the purchase order, and
some incorrect items are shipped. The erroneous items, valued at $5,000, are returned. The replacement items
are scheduled to be delivered within 2 days. The total invoice is for $18,000, which is a substantial amount for
the business. Preferential payment terms have previously been negotiated from 30 to 14 days from receipt of
goods, as cash flow is a significant issue. The situation is summarized as follows:
Purchase Order RaisedGoods Received Invoiced
Timing18 days ago 13 days ago 12 days ago
Amount$18,000 $18,000 $18,000
As it will take one business day to process payment, a decision needs to be made on whether the supplier
should receive payment on time. Which of the following courses of action should the supply manager take?
A company creates a corporate sourcing team with category management responsibilities. Previously, the firm
had no dedicated sourcing staff, and all procurement was decentralized and transactional. The sourcing team is
ready to commence its initial project. Which of the following should the team do FIRST?
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