VIP Exclusive
CPM Certified Purchasing Manager VIP Practice Exam
CPM — The CPM (Certified Purchasing Manager) designation is awarded by the American Purchasing Society (APS); the Institute for Supply Management (ISM) also offered a CPM credential until 2014 before transitioning to the CPSM. Both exams cover purchasing law, negotiation, cost analysis, supplier management, inventory, ethics, and supply chain strategy across multiple modules, with a passing threshold of approximately 70%.
28
Questions
90m
Time Limit
70.00%
To Pass
Question 1 of 28👑 VIP
Your company is sourcing a high-value, technically complex component from a single supplier who holds a proprietary patent. During annual contract renewal negotiations, the supplier demands a 22% price increase citing raw material inflation. An independent cost analysis shows raw material costs rose only 8% over the period. Which negotiation strategy BEST positions you to counter this demand while preserving the long-term relationship?
Questions 2–28 and full explanations are VIP-exclusive.