ISM CPSM1 Exam Topics
ISM CPSM1 Exam Overview :
| Exam Name: | Foundation of Supply Management |
| Exam Code: | CPSM1 |
| Certifications: | ISM CPSM Certification |
| Actual Exam Duration: | 120 minutes |
| Expected no. of Questions in Actual Exam: | 90 |
| See Expected Questions: | ISM CPSM1 Expected Questions in Actual Exam |
ISM CPSM1 Exam Objectives :
| Section | Objectives |
|---|---|
| Supply Management Core | SOURCING 1-A-1 Assess stakeholder needs and organize into sourcing plans 1-A-2 Analyze and advise on feasibility of internal customer requests 1-A-3 Analyze potential sources of products or services 1-A-4 Determine methods to process requirements for goods or services based on cost, timing, existing contracts and competitive bidding, as appropriate 1-A-5 Conduct analyses to develop insourcing or outsourcing strategy 1-A-6 Identify and implement technologies to support supply management 1-A-7 Leverage spend through the identification, development and execution of sourcing strategies 1-A-8 Implement strategic sourcing plans aligned with organizational and stakeholder objectives 1-A-9 Prepare solicitations for competitive bids, quotations and proposals with pertinent specifications, terms and conditions 1-A-10 Evaluate competitive offerings to identify the overall best offer for a product or service CATEGORY MANAGEMENT 1-B-1 Create a category management plan to meet the organization’s key objectives 1-B-2 Execute a category management plan NEGOTIATION 1-C-1 Prepare negotiation plan that aligns with organizational objectives 1-C-2 Prepare and develop strategies and tactics for negotiations 1-C-3 Lead, conduct and support negotiations with suppliers LEGAL AND CONTRACTUAL 1-D-1 Manage the preparation of contracts/purchase orders 1-D-2 Award contracts to suppliers 1-D-3 Administer contracts and/or purchase orders from award to completion or termination 1-D-4 Perform or obtain legal review of contracts and other supply management documents 1-D-5 Generate and follow supply management processes to ensure legal compliance SUPPLIER RELATIONSHIP MANAGEMENT 1-E-1 Develop supplier qualification plans to assure components, materials and suppliers meet specified requirements 1-E-2 Develop and manage effective relationships with suppliers 1-E-3 Conduct supplier performance evaluations 1-E-4 Conduct regular business reviews with suppliers 1-E-5 Identify opportunities and benefits for rationalizing the supply base 1-E-6 Identify opportunities to drive supplier innovation 1-E-7 Develop and implement supplier exit strategies 1-E-8 Review supplier performance against negotiated service level agreements (SLAs) 1-E-9 Resolve invoice and payment problems 1-E-10 Act as a liaison between suppliers and functional areas to ensure accurate information, documentation and product flow 1-E-11 Work with suppliers to identify constraints and implement value-added processes COST AND PRICE MANAGEMENT 1-F-1 Develop cost management program strategies for purchases 1-F-2 Perform cost/benefit analyses 1-F-3 Conduct spend analysis to determine strategies for specific categories 1-F-4 Track and validate cost savings and cost avoidance FINANCIAL ANALYSIS 1-G-1 Prepare and/or administer a supply management department budget 1-G-2 Develop financing strategies for purchases 1-G-3 Verify that sufficient reporting exists |
| Supply Management Integration | SUPPLY CHAIN STRATEGY 2-A-1 Develop and/or implement a material or service standardization program 2-A-2 Implement requirements planning to align supply management activities with organizational strategy 2-A-3 Implement operations planning, scheduling and inventory control processes to ensure optimum use of resources 2-A-4 Structure the supply chain in support of the organization’s business strategy SALES AND OPERATIONS PLANNING – DEMAND PLANNING 2-B-1 Incorporate the use of sales, inventory and capacity forecasts in the planning of materials production to better meet strategic objectives and goals 2-B-2 Conduct demand planning SALES AND OPERATIONS PLANNING – FORECASTING 2-C-1 Analyze and report on market conditions, benchmarks and industry trends to internal stakeholders 2-C-2 Develop supply forecasts in light of economic and technological trends 2-C-3 Plan and communicate sourcing and supply strategies based on forecasted data 2-C-4 Manage forecasted data with suppliers 2-C-5 Calculate and report forecast accuracy SALES AND OPERATIONS – PRODUCT AND SERVICE 2-D-1 Participate in new product or service development in support of marketing efforts 2-D-2 Participate in product-service ramp-up and/or ramp-down strategies and implementation 2-D-3 Create systems and process improvements to help the organization meet sales goals QUALITY MANAGEMENT 2-E-1 Develop and/or administer a supplier quality certification program 2-E-2 Develop measurements for quality improvement 2-E-3 Implement continuous improvement processes within the supply chain |
| Official Information | http://www.ism-nva.org/exam-1-cpsm-foundation-of-supply-management.html |
Updates in the ISM CPSM1 Exam Topics:
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