Blog categorized as cpsm cheat sheets

How  to Pass the CPSM Exam in Less than 30 days

08-06-18 06:42 PM By Randall Mauldin - Comment(s)
Preparing for a certification exam requires a tremendous amount of dedication and long study hours, and with this, you probably do not believe that you can pass the CPSM exam in less than 30 days. It cannot be denied that your professional and personal life can also affect your preparations for the ...

17 Tools for your purchasing career as a procurement professional in supply chain management so you leap into 2018

01-31-18 07:45 PM By Randall Mauldin - Comment(s)
Click here to get your copy of The Cheat Sheets where you get the simple strategies and easy to follow tactics to improve your skills, get the job done, and create more value for your organization.  Often, to improve your skills and get the job done right, you might consider formal trainin...

Powerhouse production through benchmarking

06-25-17 05:47 PM By Randall Mauldin - Comment(s)
  Benchmarking is the procedure whereby an evaluation of a demonstration or execution is measured by a few means, regardless of whether this is by an estimation of time, esteem, or amount. For instance, an evaluation of moving things starting with one stockpiling area then onto the next can be...

Strategic Purchasing

03-05-17 03:32 AM By Randall Mauldin - Comment(s)
  Creating a strategic purchasing is critical to the accomplishment of businesses. Strategic purchasing is upheld by related supply administration practices, for example, formal socialization forms, provider joining and supply base adaptability.   Strategic purchasing Serious aggressiv...

Hiring a Supply Manager Vis-a-Vis Business Returns

12-15-14 05:48 PM By Randall Mauldin - Comment(s)
Hiring a Supply Manager Vis-à-vis Business Returns Entrepreneurship’s transition compared to the latter days is rapid as business becomes more complex. Everything is quantified financially and every step that has to be undertaken is critical. At present, for every successful enterprise lays the...

CPSM Cheats 1F3: Develop and Implement Supplier Diversity

12-01-14 03:26 PM By Randall Mauldin - Comment(s)
The Certified Professional in Supply Chain Management or CPSM is comprised of 3 Examinations. Part of the 1st Exam covers the topic “supplier diversity”. This topic explores why organizations should have a supplier diversity program and how such program should be developed and implemented. CPSM ExamHere a...

CPSM Cheats 1F2: Developing and Managing Effective Supplier Relationships

12-01-14 03:22 PM By Randall Mauldin - Comment(s)
Suppliers are considered as the most under-utilized resources in any business organization despite the fact that they are enthusiastic and willing to help the mission of the buying firm. You might not notice it, but suppliers are knowledgeable and have the ability to aid you in the completion of you...

CPSM 1D2: Environmental Responsibilities for Business should be established and monitored

07-20-14 05:13 PM By Randall Mauldin - Comment(s)
In this section (1-D-2) of the CPSM test the supply chain leader is being asked to establish eco-friendly programs and check them in keeping with 9 subtopics that we will briefly discuss in this article. The crucial factor is to understand that an environmentally liable supply chain is not merely a...

CPSM 1C3: Develop and maintain documentation regarding cross-border transaction

06-20-14 05:41 PM By Randall Mauldin - Comment(s)
The third part of the CPSM Exam 1 requires professionals to have a substantial understanding about the International Supply Chain especially the international market to source goods and services. CPSM 1C3 involves developing and maintaining documentation regarding cross-border transactions. It is ...

CPSM 1C1: Identify and assess international markets to source goods and services

06-09-14 02:42 AM By Randall Mauldin - Comment(s)
The third part of the CPSM Exam 1 requires professionals to have a substantial understanding about the International Supply Chain especially the international market to source goods and services.  CPSM 1C1 involves assessing the International markets to source goods and services. It is impo...

CPSM 1B5 : Develop Financing and Leveraging Strategies for Purchases

06-02-14 05:02 PM By Randall Mauldin - Comment(s)
The supply manager’s task in CPSM 1B5 is to creatively develop financing or leveraging strategies for purchases. A supply leader does not simply rely on the financing department to generate income or come up with money to pay for the purchases. A procurement or supply chain leader should help the...

CPSM 1B4 : Performing Cost/Benefit Analyses on Acquisitions

05-29-14 12:02 PM By Randall Mauldin - Comment(s)
Are you reviewing to become a Certified Professional in Supply Chain Management? Then, you should focus your attention in reviewing for CPSM 1B4 because it covers a large section of 20 pages with 8 questions in CPSM Exam 1. This section is worth the effort of studying detail by detail because of t...

CPSM 1B3: Identifying Savings Potential Opportunities through Spend Analysis

05-29-14 11:50 AM By Randall Mauldin - Comment(s)
Are you reviewing to become a Certified Professional in Supply Chain Management? CPSM 1B3 covers 7 questions out of 32 questions in Cost and Finance, the second part of CPSM Exam 1. Thus, it is important for procurement professionals to have an understanding about spend analysis. Supply Chain Lea...

CPSM 1B2: Developing Cost Management Program Strategies for Purchases

05-29-14 11:32 AM By Randall Mauldin - Comment(s)
The second part of the CPSM Exam 1 requires professionals to have a substantial understanding on how to develop cost management program strategies for purchases. You can encounter 6 questions in the CPSM Exam 1 regarding cost management program strategies.   CPSM 1B2 The cost management program str...

CPSM 1B1 : Preparing and Administering Supply Management Department Budget

05-22-14 04:21 PM By Randall Mauldin - Comment(s)
Are you familiar with the connection of supply management department budget to your company’s strategic plan? The second Part of the CPSM Exam 1 comprises of 32 questions in Cost and Finance. Thus, it is important for you to understand how to prepare and administer the budget of the Supply Managemen...

CPSM Study Cheat on Contract Administration

04-27-14 05:52 PM By Randall Mauldin - Comment(s)
CPSM Study Cheat on Contract Administration  To become a Certified Professional in Supply Management (CPSM), you need to learn a lot of things and one of which is to familiarize your self with the basics in Contract Administration. If you join our CPSM Training Review Programs, you’ll learn mor...

Types of Intellectual Property

04-21-14 06:06 PM By Randall Mauldin - Comment(s)
Passing the exam for the Certified Professional in Supply Management is not as easy as you think. You have to go through and succeed three sets of exams. The first part of the CPSM exam is focused on the Foundation of Supply Management, which involves the following:
  • Contracting and Negotiation
  • ...

Knowing the Different Types of Service Agreements

04-03-14 07:43 PM By Randall Mauldin - Comment(s)
Knowing the Different Types of Service Agreements   To become a Certified Professional in Supply Management (CPSM), you need to learn a lot of things and one of which is to familiarize your self with the basics in contracting and negotiations. If you join our CPSM Training Review Programs, you’...

Types of Fixed Price Contracts

04-03-14 07:33 PM By Randall Mauldin - Comment(s)
Types of Fixed Price Contracts The firm fixed price contract is commonly used by firm in doing business transactions because a lot of buyers are uncomfortable of the other types of contracts. This article is meant only to explain the different types of fixed contracts in order for Supply Management ...

Difference between Written, Oral and Electronic Contracts

04-03-14 07:14 PM By Randall Mauldin - Comment(s)
To become a Certified Professional in Supply Management (CPSM), you need to learn a lot of things and one of which is to familiarize your self with the basics in contracting and negotiations. The first part of the CPSM Exam covers the Foundation of Supply Management. In our previous article we’ve ...
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