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ISM 630-005 : C.P.M. Module 1: Purchasing Process Practice Tests

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Latest 2025 Updated ISM C.P.M. Module 1: Purchasing Process Syllabus
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Exam Number : 630-005
Exam Name : C.P.M. Module 1: Purchasing Process
Vendor Name : ISM
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630-005 Exam Format | 630-005 Course Contents | 630-005 Course Outline | 630-005 Exam Syllabus | 630-005 Exam Objectives

Exam Specification:

- Exam Name: 630-005 C.P.M. Module 1: Purchasing Process
- Exam Code: 630-005
- Exam Duration: Varies (typically around 90-120 minutes)
- Exam Format: Multiple-choice questions

Course Outline:

1. Introduction to Purchasing
- Understanding the role and importance of purchasing in an organization
- Exploring the key objectives and responsibilities of the purchasing function
- Examining the impact of effective purchasing on organizational performance

2. Purchasing Process Overview
- Understanding the stages and components of the purchasing process
- Exploring the various steps involved in purchasing goods and services
- Identifying key considerations and best practices at each stage of the process

3. Sourcing and Supplier Selection
- Conducting supplier market research and analysis
- Developing supplier selection criteria and evaluating potential suppliers
- Managing the supplier selection process and negotiating contracts

4. Purchase Order Processing
- Creating and managing purchase orders
- Coordinating with internal stakeholders and suppliers for order fulfillment
- Tracking and managing purchase order status and delivery

5. Supplier Performance Management
- Monitoring and evaluating supplier performance
- Establishing supplier performance metrics and benchmarks
- Implementing strategies to improve supplier performance and relationships

6. Legal and Ethical Considerations
- Understanding legal and regulatory requirements in purchasing
- Ensuring compliance with ethical standards and codes of conduct
- Managing risks and mitigating legal and ethical issues in purchasing

Exam Objectives:

1. Demonstrate understanding of the role and importance of purchasing in an organization.
2. Describe the stages and components of the purchasing process.
3. Apply best practices for sourcing and supplier selection.
4. Demonstrate proficiency in creating and managing purchase orders.
5. Implement strategies for supplier performance management.
6. Understand legal and ethical considerations in purchasing.

Exam Syllabus:

The exam syllabus covers the following topics (but is not limited to):

- Introduction to Purchasing
- Purchasing Process Overview
- Sourcing and Supplier Selection
- Purchase Order Processing
- Supplier Performance Management
- Legal and Ethical Considerations

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