Exam (elaborations)
CPSM Exam 1 EXAM 2024 QUESTIONS WITH CORRECT ANS_.pdfCPSM Exam 1 EXAM 2024 QUESTIONS WITH CORRECT ANS_.pdf
- Course
- Institution
CPSM Exam 1 EXAM 2024 QUESTIONS WITH CORRECT ANS_.pdf
[Show more]
Seller
Follow
Content preview
8/18/24, 3:35 AMinkra
CPSM Exam 1
Jeremiah
Terms in this set (32)
A) Performance & design specs - define what the product or service must do. Often
used with capital equip & services. Performance spes. gives supplier the most control
Methods of communicating attributes of a over how to satisfy the requirement. Design Specs gives buyer most control.
product or service B) Internal vs. external specs - if not the same product will cost more.
C) Supplier samples - a physical sample can serve as the spec when it meets the buyers
needs.
Is a spec for service to be performed. Two components. 1. defines what product must
Statement of Work (SOW)
look like or do and 2. quantitative to measure performance.
1. Offer to buy vs Offer to sell, 2. Informal bid/quotation, 3. Electronic solicitations (RFx),
4. Competitive proposals, 5. Sealed bids / formal advertising, 6. Restricted competition,
Types of solicitation bids
7. Non-competitive negotiations, 8. Two step bidding, 9. alternative/innovative
proposals, 10. Pricing models / market baskets, 11. Lotting strategies (online bidding)
Are information request not binding on either party. Results are usually in the form of
Request for Information (RFI) price list or catalogs and helps supplier in budgeting process. Potential draw backs, is
that RFI's are overused and supplier may not respond.
Used for more complex biding situations and detailed information where dialog w/
Bidder's Conferences buyer and supplier are required with engineering and supplier. Potential problems is
the time it takes to conduct.
X = Type of capital; Y = Total Capital; Z =the interest rate (cost) or each type of capital;
S=sum. Example:
Long term debt = 400K (capital type)
Preferred stock = 300K (capital type)
Total = 700K
Financing cost:
Weighted average cost of capital formula
LTD: 6.2%
PS: 10.5%
Equation:
1. Debt Type/Total debt = debt type's % of debt.
2. Debt types % of debt * financing cost of debt type
3. If multiple debt types add up the sum of each from steps 1 & 2.
CPSM Exam 1
1/2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Denyss. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76669 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now