ISM CPSM1 Foundation of Supply Management CPM Exam Practice Test

The time that elapses from placement of an order until receipt of the order is called:

A process of determining the small minority of a population that accounts for themajority of given effect is called:

An inventory management program where information is submitted electronically fromthe customer to supplier is called:

Each forecast is weighted by a given decimal value, known as ______________,which is the difference between the most recent actual demand and the forecast.

Coding activities might include:

A measure of velocity of total inventory movement through the organization, found bydividing annual sales by the average aggregate inventory value maintained during theyear is called:

The team begins by identifying a problem and then describing it, which is known as: