Last Updated: Aug 01, 2026
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| Section | Objectives |
|---|---|
| Topic 1: Supply Management Core Knowledge | - Category management principles - Supply chain integration and operations - Procurement and sourcing fundamentals |
| Topic 2: Sourcing and Category Strategy | - Supplier evaluation and selection - Contracting and negotiation strategies - Strategic sourcing processes |
| Topic 3: Compliance and Performance Management | - Ethics and compliance in procurement - Continuous improvement practices - Supplier performance measurement |
| Topic 4: Leadership and Business Acumen | - Risk management and decision-making - Leadership in supply management - Financial and business analysis |
1. Projects are implemented to meet one of FIVE objectives these include solving a problem, fulfilling a contractual agreement and all of the following EXCEPT.
A) Exploit new opportunities
B) Create change in an organization
C) Increase organizational opportunity costs.
D) Implement a strategic plan
2. The goal of the Box-Jenkins forecast is to find a mathematical formula that will generate the historical demand in a time series. Which stage of Box-Jenkins should be completed FIRST?
A) Model selection
B) Time analysis determination.
C) Parameter estimation
D) Model checking
3. Sydney Johnson is the supply management professional for Scott Textile Industries of North America.
Numerous antitrust and trade regulations as well as U.S. Federal procurement and public projects affect her daily operations. Which act prohibits her supplier from conditioning the purchase of one good or service on the purchasers buying another good or service?
A) The Federal Trade Commission Act
B) The Sherman Antitrust Act
C) The Clayton Act
D) The Robinson- Patman Act
4. Shipping damage which is not easy to detect upon the time of delivery is called?
A) Reportable damage during transit.
B) Latent damage during transit.
C) Shipper damages during transit.
D) Post delivery damage during transit.
5. Depending on the scope of the audit, as you analyze issues in supply management, it would be MOST common for the auditor to ask for what?
A) All financial reports dating back seven years.
B) A list of key suppliers or internal customers.
C) A copy of the supplier diversity policy for the organization.
D) All environmental hazardous waste manifest dating back three years.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: B |
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