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Exam 1: Foundation of Supply Management

  • 7)

    Considerations in preparing obligation documents

    • A)

      Intellectual property

1.0 Patents 2.0 Copyrights 3.0 Trademarks 4.0 Licensing 5.0 Confidentiality

  • B)

    Royalties

  • C)

    Consideration of domestic and international laws (e.g., Convention for the International Sale of Goods (CISG), UCC, contract law)

  • D)

    Advance notification and consent to subcontract

  • E)

    Notice of awards

  • F)

    Payment terms

  • G)

    Insurance and indemnification

  • H)

    Termination and exit clauses

  • I)

    Customer confidentiality

  • (e.

    g., Gramm-Leach-Bliley Act (GLBA))

  • J)

    Force majeure

  • K)

    Restraint of trade issues

  • L)

    Security issues (e.g., Homeland Security)

  • M)

    Assignability provisions

  • N)

    Source code escrow accounts

  • O)

    Protests

  • P)

    Claims

  • Q)

    Limitation of liability

  • R)

    Waiver of consequential damages

  • S)

    Collusive offers

  • T)

    Suspension

  • U)

    Reservation of rights

  • V)

    Estoppel

  • W)

    Social responsibility issues

    • X)

      State of domain/Jurisdiction

    • Y)

      Liquidated damages

    • Z)

      Contractor flowdowns AA) Warranties BB) Remedies

  • 8)

    Statements of Work

    • A)

      Work breakdown structure

    • B)

      Hold points/Milestones

    • C)

      Performance evaluation factors

1-A-5

Administer contracts/purchase orders from award to completion or termination.

Knowledge of:

  • 1)

    Contract administration concepts

    • A)

      Work control

    • B)

      Compliance

    • C)

      Financial responsibility

    • D)

      Approving systems

    • E)

      Administrative responsibilities

1.0 Price adjustment clauses 2.0 Administration of change orders

    • F)

      Contract terms and conditions

    • G)

      Documentation requirements

    • H)

      Contract close-out

  • 2)

    Supplier management concepts

    • A)

      Statement of Work

    • B)

      Annual work plan

    • C)

      Standards of performance

    • D)

      Supplier feedback

    • E)

      Supervision of supplier

1.0 Onsite 2.0 Remote

ISM CPSM Exam Specifications

1-A

5

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