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ISM 630-007 : C.P.M. Module 3: Value Enhancement Strategies Practice Tests

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Exam Number : 630-007
Exam Name : C.P.M. Module 3: Value Enhancement Strategies
Vendor Name : ISM
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630-007 Exam Format | 630-007 Course Contents | 630-007 Course Outline | 630-007 Exam Syllabus | 630-007 Exam Objectives

Exam Specification:

- Exam Name: 630-007 C.P.M. Module 3: Value Enhancement Strategies
- Exam Code: 630-007
- Exam Duration: Varies (typically around 90-120 minutes)
- Exam Format: Multiple-choice questions

Course Outline:

1. Value Analysis and Engineering
- Understanding the concepts and principles of value analysis and engineering
- Applying value analysis and engineering techniques to optimize costs and improve quality
- Identifying opportunities for value enhancement in the supply chain

2. Supplier Collaboration and Development
- Developing collaborative relationships with suppliers
- Implementing supplier development programs to enhance capabilities
- Managing supplier performance and continuous improvement initiatives

3. Demand Management and Forecasting
- Understanding demand management strategies and techniques
- Conducting accurate demand forecasting to optimize inventory levels
- Aligning demand and supply to enhance value creation

4. Cost Management and Cost-Reduction Strategies
- Implementing cost management techniques to identify and reduce costs
- Utilizing cost-reduction strategies to enhance value
- Managing total cost of ownership (TCO) and cost avoidance initiatives

5. Quality Management and Six Sigma
- Implementing quality management practices to improve product and service quality
- Applying Six Sigma methodologies to enhance process efficiency and reduce defects
- Managing supplier quality and driving continuous improvement

6. Risk Management and Resilience
- Identifying and assessing supply chain risks
- Developing risk mitigation strategies to enhance resilience
- Implementing business continuity and disaster recovery plans

Exam Objectives:

1. Apply value analysis and engineering techniques to optimize costs and improve quality.
2. Develop collaborative relationships with suppliers and implement supplier development programs.
3. Manage demand effectively and conduct accurate demand forecasting.
4. Implement cost management and cost-reduction strategies.
5. Implement quality management practices and Six Sigma methodologies.
6. Identify and manage supply chain risks and enhance resilience.

Exam Syllabus:

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

- Value Analysis and Engineering
- Supplier Collaboration and Development
- Demand Management and Forecasting
- Cost Management and Cost-Reduction Strategies
- Quality Management and Six Sigma
- Risk Management and Resilience

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