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Exam 1: Foundation of Supply Management

  • 9)

    Cost of quality

  • 10)

    Cost of inventory

  • 11)

    Intangible costs

  • 12)

    TCO

  • 13)

    Other forms of cost management

    • A)

      Improved form, fit and function

    • B)

      Easier use

    • C)

      Administrative savings

    • D)

      Improved quality

1-B-3

Identify savings potential and opportunities and strategies for specific categories through spend analysis.

Knowledge of:

  • 1)

    Sources of spend data (i.e., P-card, purchasing records, business warehouse, etc.)

  • 2)

    Data-mining tools

  • 3)

    Cost baseline

    • A)

      Forecasting future utilization and spend

    • B)

      Cost savings vs. cost avoidance

    • C)

      Budget reduction

    • D)

      Current/historical, then determine future budget forecasting

  • 4)

    Awareness of implementation process

  • 5)

    Segmentation/Categorization of spend

1-B-4

Perform cost/benefit analyses on acquisitions. Knowledge of:

  • 1)

    Definition of total cost of ownership

    • A)

      Unit total cost

    • B)

      Life-cycle cost

    • C)

      Landed cost

    • D)

      Total cost of performance for services

  • 2)

    Direct costs

  • 3)

    Indirect costs

    • A)

      Fixed

    • B)

      Variable

    • C)

      Semi-variable

  • 4)

    Carrying costs

  • 5)

    Should cost

  • 6)

    Target cost

  • 7)

    Relevant vs. irrelevant costs

  • 8)

    Overhead

    • A)

      Allocation

    • B)

      Activity-based costing

  • 9)

    Opportunity costs

  • 10)

    Financial analysis

    • A)

      Return on investment

    • B)

      Return on assets employed

    • C)

      Return on total assets

    • D)

      Margin analysis

    • E)

      Profitability

    • F)

      Cash flow

    • G)

      Balance sheet

    • H)

      Profit and loss

  • 11)

    Lease/Buy analysis

    • A)

      Types of leasing arrangements

1.0 Operating lease 2.0 Financial lease

    • 2.1

      Full payout

    • 2.2

      Partial payout

    • 2.3

      Lease/Purchase

3.0 Leveraged lease 4.0 Master lease 5.0 Wet lease/Dry lease 6.0 Sale and leaseback

ISM CPSM Exam Specifications

1-B

7

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