ISM CORe Actual PDF : Supply Management Core Exam

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ISM CORe Exam Overview:

Certification Vendor:	Institute for Supply Management (ISM)
Exam Name:	ISM Supply Management Core (CORe) Exam
Exam Number:	CORe
Available Languages:	English
Exam Format:	Online proctored exam, Multiple-choice questions
Recommended Training:	ISM CORe Learning Program
Exam Registration:	ISM CORe Official Program Page
Sample Questions:
Exam Way:	Online, proctored assessment delivered via ISM/authorized platform
Pre Condition:	No formal prerequisites required
Official Syllabus URL:	https://www.ismworld.org

ISM CORe Exam Syllabus Topics:

CORe Exam FAQ: Before You Book Your Seat

ISM Supply Management Core Sample Questions:

Question 1

CDE Inc. is a metal casting manufacturer that uses a supplier performance scorecard to measure key performance indicators (KPIs) across the business. CDE's supply manager wants Supplier Y to improve on a number of the measured KPIs. Which of the following is the BEST approach for the supply manager to take in order to achieve this objective?

A. Conduct a plant visit at the supplier's location and look for ways to improve processes so that the supplier can meet CDE's standards
B. Require the supplier to submit a written plan for how it plans to improve the KPI scores, and require management approval for the plan
C. Require the supplier to submit a written plan on how it will improve in each underperforming KPI, and monitor the supplier's progress
D. Give the supplier a one-year timeline to improve scores on the KPIs and inform it that any new business will be put on hold if no progress is made

Question 2

JKL, Inc. solicits bids for the repair of a boiler used in its shoe factory. Supplier A submits a bid of $7000. The next lowest bid is $8,000, and the remaining bids are between $10,000 and $11,000. JKL awards the contract to Supplier A. However, before beginning repairs, Supplier A realizes it made a mistake and underestimated the repair work. Supplier A refuses to do the work, saying it would lose money. If JKL declines to increase the payment and claims that Supplier A breached the contract, the MOST likely result would be which of the following?

A. Supplier A will have breached the contract, but only if it is too late for JKL to accept the bid of the second lowest bidder.
B. Supplier A will have breached the contract, but only if JKL did not know or have reason to know that Supplier A's low bid was the result of an error.
C. Supplier A will not have breached the contract, because Supplier A can successfully argue that the contract is voidable.
D. Supplier A will not have breached the contract because the frustration of purpose doctrine excuses Supplier A's non-performance.

Question 3

The supply manager for a community college is contacted by the college's chief financial officer (CFO), who describes a meeting with Supplier X, a food service contractor interested in providing cafeteria services. The supply manager reminds the CFO that services must be procured via a competitive request for proposal (RFP), with solicitations issued only to suppliers who have completed a pre-qualification review.
The procurement process goes forward, and a contract is awarded to another bidder. Supplier X then sues the college. It claims that it never received an RFP, even though the CFO promised it an opportunity to submit a proposal. Which of the following aspects of the CFO's conversation with Supplier X is MOST likely to be an issue?

A. Apparent authority
B. Implied authority
C. Restraint of trade
D. Breach of confidentiality

Question 4

DEF, Inc. is a medium-sized manufacturer in the precious metals industry. Continued price increases in precious metals have put a strain on the financial resources of suppliers, and while some have closed their businesses, others have converted to lower cost metals. DEF's supply manager is concerned not only about the evaporation of the specialty supply base but also that marketing efforts into new online markets are providing new growth and renewed demand for long-established product lines. The supply manager determines that although little precious raw material Is used internally in the organization, the combined volumes from component manufacturers are large and growing.
Which of the following should the supply manager employ to gain value under these conditions?

A. Multi-tier purchasing agreements
B. Transformation management
C. Value stream mapping
D. Risk avoidance

Question 5

A supply manager Is assigned to a new product similar to products the firm has developed in the past. Because the stakeholders have not defined all of the product's requirements, not all engineering diagrams have been completed, and the program is behind schedule. The program manager requests all procurement lead times for the project. Which of the following is the BEST way for supply manager to respond in this situation?

A. Postpone any action until the engineering drawings are released
B. Conduct regular meetings with the engineering team to expedite the release of the drawings
C. Consult with suppliers for lead time estimates on similar parts used in related products
D. Contract with the suppliers to start manufacturing the parts, as the engineering drawings are not necessary at this point

Solutions: