CPM

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CPM All-in-one Integrated Study Guide 2009 Edition and 120 Review Questions

The titles of Certified Purchasing Manager (C.P.M.) and Accredited Purchasing Practitioner (A.P.P.) are professional certifications of The Institute for Supply Management (ISM).

The Certified Purchasing Manager (CPM) designation is globally the most recognized designation for supply management professionals. The program is designed for experienced supply managers, and focuses on managerial and leadership skills, plus a variety of specialized functions designed to enhance the value of the profession. The Accredited Purchasing Practitioner (APP) designation is specifically designed for entry-level supply management professionals, or those primarily engaged in the operational side of the supply function.

The CPM program consists of four multiple-choices exam modules:

  • Module 1: Purchasing Process (identical to APP Module 1)
  • Module 2: Supply Environment (identical to APP Module 2)
  • Module 3: Value Enhancements Strategies
  • Module 4: Management

The APP program consists of two multiple-choices exam modules:

  • Module 1: Purchasing Process (identical to CPM Module 1)
  • Module 2: Supply Environment (identical to CPM Module 2)

You are free to take all four CPM exams in any order. However, you may earn the CPM designation only if you have a full time position in purchasing for several years as required by ISM. If you do not have the job experience required, consider going for APP instead (APP requires the completion of only the first two exams).

CPM All-in-one Integrated Study Guide & Questions Combo Pack Covering all 4 exam modules!

Contents of this product have been updated on  Oct 31, 2008.

Our highly condensed study guide serves the following purposes:

  • offers information on test specifications, testing format and question styles.
  • prepares individuals to take module 1 through 4 of the CPM Exam.

Table of contents
OFFICIAL EXAM TOPICS
EXAM REGISTRATION
STUDY PSYCHOLOGY & EXAM TACTICS
BEFORE YOU START
DEFINING PURCHASING
THE 5 RIGHTS
THE ROLE OF A “PURCHASING OFFICE”
PRINCIPLES AND STANDARDS OF PURCHASING PRACTICE
ANTI-TRUST
QUOTATIONS AND TENDERS
BUSINESS CONTRACTING
UCC
CONTRACT ADMINISTRATION
CONTRACT ADMINISTRATION OVERVIEW
CONTRACT CLOSEOUT
CONTRACT COMPENSATION AND FINANCING
BOND PAYMENTS
EQUIPMENT ORDER COSTING
ORDERING PROCEDURES
PARTNERING
USER SATISFACTION AND OTHER PERFORMANCE MEASURES
DISPOSAL PROCEDURES
VENDOR MANAGEMENT
SUPPLY CHAIN MANAGEMENT
INVENTORY MANAGEMENT
SKU
EOQ
REORDER POINT
CONSIGNMENT AND VMI
JIT AND PURCHASING
DEMAND PLANNING
DEMAND FORECASTING
MOVING AVERAGE
TOTAL QUALITY MANAGEMENT (TQM)
QUALITY ASSURANCE IN THE PROCUREMENT PROCESS
QUALITY ASSURANCE OF PRODUCTS
TRAVEL POLICY
INFORMATION TECHNOLOGY
NEGOTIATION
OUTSOURCING
MAKE VS BUY
LEASE VS BUY
LEASING ARRANGEMENTS
STANDARDS AND ORGANIZATIONS
LEGAL MATTERS
PURCHASING PAPERWORKS AND PROCEDURES
INTERNATIONAL SOURCING
GENERAL ECONOMIC ISSUES
ECONOMICS DEFINED
MICRO VS MACROECONOMICS
 		 OPPORTUNITY COST
SPECIALIZATION, COMPARATIVE ADVANTAGE AND ABSOLUTE ADVANTAGE
PRODUCTION POSSIBILITY FRONTIER
MARKET DEFINED
DEMAND VS QUANTITY DEMANDED
SUPPLY VS QUANTITY SUPPLIED
EQUILIBRIUM VS DISEQUILIBRIUM
MOVEMENT ALONG THE CURVES VS SHIFTING OF THE CURVES VS ELASTICITY
DIFFERENT TYPES OF MARKET STRUCTURE
MONOPOLY
PERFECT COMPETITION
OLIGOPOLY AND MONOPOLISTIC COMPETITION
MARKET POWER VS PRICE TAKING
ECONOMIES OF SCALE
LAW OF DIMINISHING MARGINAL UTILITY
MONETARY POLICY VS FISCAL POLICY
ECONOMIC GROWTH, INFLATION AND CPI
BALANCE OF PAYMENTS AND BALANCE OF TRADE
MONEY SUPPLIES, EXCHANGE RATE AND CURRENCY VALUATION
M1, M2 AND M3
FOREIGN EXCHANGE
ECONOMIC INDICATORS
INFORMATION TECHNOLOGY
ACCOUNTING AND COSTING
STANDARD COSTING
ACTIVITY-BASED COSTING
THROUGHPUT ACCOUNTING
INVENTORY ACCOUNTS
OVERHEAD COSTING
PERFORMANCE MEASUREMENT AND ROI
PERFORMANCE MEASUREMENT AND BENCHMARKING
COMMUNICATION & INFORMATION MANAGEMENT
THE ROLE AND APPROACHES OF INFORMATION MANAGEMENT
INTEGRATING INFORMATION AND BUSINESS STRATEGIES
COMMUNICATION MANAGEMENT
VERTICAL COMMUNICATION
HORIZONTAL COMMUNICATION
DIAGONAL COMMUNICATION
CIRCULAR COMMUNICATION
COMMUNICATION BARRIERS
FORMAL NETWORK VS GRAPEVINE
LAST MINUTE TIPS     

120 Review Questions

 

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