VCE
Exam Code: | CPSM1 |
Total Questions: | 128 |
A lean manufacturing technique in which the transformation of materials is traced from beginning to end to determine if there is waste in the process is called:
A. Value stream mapping
B. State map technique
C. Fair market value mapping
D. Customized stream mapping
A standard of point of reference used in measuring or judging an organization's performance according to selected criteria is called:
A. Performance assessment
B. Benchmarking
C. Process revelation
D. None of the above
A practice that involves purchasing professional in the new product or service development process from its inception is called:
A. Service level professionalism
B. Statement of work flow
C. Early purchasing Improvement
D. Initializing consent
Two back-to-back quarters of negative gross domestic product growth is referred to as:
A. Recession
B. Hunch
C. Nose-dive
D. Obsolescence
An inventory management program where information is submitted electronically from the customer to supplier is called:
A. Add-on program
B. Continuous replenishment program
C. Front office program
D. None of the above
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