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CPSM1 Foundation of Supply Management

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CPSM1 exam Dumps Source : Foundation of Supply Management

Test Code : CPSM1
Test designation : Foundation of Supply Management
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: 128 true Questions

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ISM ISM Foundation of Supply

ISM Non-Manufacturing: Slower extend In October | killexams.com true Questions and Pass4sure dumps

No result found, try novel keyword!The Institute of supply management (ISM) has now released the October Non-Manufacturing paying for Managers' Index (PMI), also called the ISM functions PMI. The headline Composite Index is at 60 ...

Non-manufacturing output declines in October however continues to live in boom mode, says ISM report | killexams.com true Questions and Pass4sure dumps

via Jeff Berman, community information Editor · November 5, 2018

Non-manufacturing recreation in October, whereas still at a lofty degree, declined in comparison to an a-time lofty in September, according to the Non-Manufacturing report on company, which changed into issued via the Institute for supply management (ISM) prior these days.

The index ISM uses to measure non-manufacturing growth—frequent because the NMI–dropped 1.three% to 60.3 (a reading above 50 suggests boom), while nevertheless growing to live for the a hundred and fifth consecutive month. The October NMI is 1.eight% above the 12-month standard of fifty eight.5. 

ISM celebrated that 17 non-manufacturing sectors said growth in October, together with: precise property, rental & Leasing; counsel; Transportation & Warehousing; Utilities; Arts, enjoyment & endeavor; expert, Scientific & Technical features; building; health custody & Social tips; management of companies & support services; Wholesale change; Public Administration; Agriculture, Forestry, Fishing & hunting; lodging & meals capabilities; Mining; Finance & insurance; Retail trade; and different features. The best trade reporting a lower in October is tutorial capabilities.

The report’s key metrics, together with the NMI, gain been mixed in October, including:

-business exercise/construction down 2.7% to sixty two.5, becoming for the 111th month in a row;-new orders had been off 0.1% to sixty one.5, however nonetheless starting to live for the 93rd consecutive month;-employment lowered 2.7% to 59.7, turning out to live for the 56th consecutive month;-business enterprise deliveries slowed down at a faster fee% at 57.5 (a analyzing above 50 shows contraction) and slowing for the thirty fourth straight month;-expenditures fell 2.5% to 61.7 becoming for the thirty second straight month;-inventories were up 1.5% at 56.0, heading up for the ninth month in a row; and-backlog of orders fell 5% boost to 53.5, up for the tenth straight month

Tariff considerations had been once again entrance and seat according to comments included within the record by using ISM non-manufacturing member respondents.

“Tariffs are starting to impact business. They inquire their suppliers to dangle pricing for six months, but they are experiencing difficulties,” a pile respondent cited. And a mining respondent cited that it has been very intricate to do choices as a result of instability brought by the latest buying and selling dispute, adding that during this ambiance, customers are inclined to postpone capital-expenditure choices.

looking at the October information, Tony Nieves chair of ISM’s Non-Manufacturing enterprise Survey Committee, mentioned it was stunning that October’s NMI analyzing turned into as robust because it became, coming off of a record month.

“The bar turned into set so lofty [in September] so coming in just under it definitely speaks to the energy of the sector at the moment,” he said in an interview. “it's supported through 17 of the 18 non-manufacturing sectors coming in with boom in October.”

And while one of the vital report’s key metrics posted sequential declines, Nieves said it cannot live neglected that they gain been up towards a list-setting September.

That become especially modest with employment, he spoke of, as there is still a shortage of expert people for sectors dote pile that lack the labor pool to attract from.

When asked what probably the most key topics of the present state of non-manufacturing are, Nieves explained the realm is weathering the alternate battle better than its manufacturing counterparts are.

“however there is some uncertainty, it is more upstream for non-producers, because it is at once impacting manufacturers and it is a live counted of what definitely gets transposed into delivered expenses into non-manufacturing groups,” he mentioned. “presently, there are some cost raises, but it isn't a total flux through at this factor. a section of it truly is due to simply straight globalization and the transferring of give chains, transparency into expenses and competitiveness. those are replete factors that mitigate that direct flow-via. it is isolated to inescapable commodities at this element in time, and they are due to the fact in the non-manufacturing sector without retard is some metals, dote steel and aluminum, in addition to lumber and computer systems and peripherals, too.”

November 6, 2018 Article topics ISM · All issues

ISM manufacturing index falls to 6-month low in October as expense rises, shortages weigh | killexams.com true Questions and Pass4sure dumps

An employee fills out bureaucracy as automobiles movement down the assembly line at the Subaru of Indiana factory.

The numbers: The Institute for provide management’s manufacturing index fell to a six-month low of 57.7% in October from fifty nine.eight% in September, as company purchasing managers lamented rising prices, tariffs, shortages, and waning overseas demand.

Any analyzing above 50% shows enhancing situations. Economists polled via MarketWatch anticipated a reading of fifty eight.7%.

What took place: There become a magnificient drop within the new-orders index, which fell four.four aspects to fifty seven.four%, and the production index fell four points to 59.9%,the ISM pronounced.

On the eve of the jobs report, the employment index fell 2 facets to 56.eight%, while the costs index shot up four.7 features to 71.6%. the new-exports-orders index fell 3.8 points to 52.2%.

The stout image: The manufacturing sector is being buoyed by means of a strong home economy, which is being goosed through federal stimulus funds.

That pointed out, fee issues continue to live a live concerned, with tariffs a priority.

What they’re announcing: “All electronic accessories are having shortages and tons longer lead times that impact their creation,” observed one deciding to buy supervisor in desktop and electronic products.

“Tariffs are inflicting inflation: expanded charges of imports, multiplied pervade of freight and increased domestic expenses from suppliers who import,” observed a supervisor in chemical products.

A plastics and rubber products manager: “NAFTA 2.0/USMCA does nothing to aid their business, as it does not address section 232 tariffs.”

Market reaction: U.S. stocks gain been nevertheless greater after the ISM report. The issues over tariffs, inflation and edge interest-fee hikes gain contributed partly to the Dow Jones Industrial standard DJIA, -0.seventy nine%  being down about 6% from its early October highs.


CPSM1 Foundation of Supply Management

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CPSM1 exam Dumps Source : Foundation of Supply Management

Test Code : CPSM1
Test designation : Foundation of Supply Management
Vendor designation : ISM
: 128 true Questions

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Foundation of Supply Management

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Disrupting the Source-to-Contract Cycle: Putting compress Management at the Start of Sourcing | killexams.com true questions and Pass4sure dumps

contract

The sequential source-to-contract cycle is an accurate representation of how most procurement organizations identify and select suppliers. But it’s not necessarily the best way to approach this process.

The typical sourcing cycle begins by searching for and evaluating suppliers on two key criteria: capability and price. Procurement releases an RFX to identify potential partners that are capable of delivering the needed goods or services within the profit model the organization has created. Yet evaluating suppliers on these criteria solitary does not provide a complete picture of whether that company can and should win the business.

When supplier selection gets to the contracting phase, procurement often finds that there are additional considerations that handcuff or even derail the sourcing process. Suppliers operating in strange jurisdictions, for example, may not meet regulatory requirements tracked by legal, disqualifying them even after winning the bid. Requested documentation could antecedent the supplier to change the specifications for its product, invalidating the earlier quote.

For these and other reasons, compress management should not live considered a final step in the sourcing process. Instead, procurement should embrace compress compliance at the dawn of the cycle, defining it as an essential judgement alongside capability and price. Doing so will create significant opportunities for procurement to reduce value leakage, guard against serious risks and accelerate the pace of businesses.

The novel Process: moving Contracts from the terminate to the Center

 To understand this novel model, it helps to Move back to the first step in the strategic sourcing cycle.

Before issuing an RFX to the market, procurement first needs to evaluate past spend, category strategy and the supply market to know what potential solutions are available. Including compress management at the dawn of the sourcing process means that, when using a dedicated enterprise compress management platform, past contracts can live mined for data such as price, supplier performance and distribution of supplier by subcategory or geography.

Once a fully informed strategy has been devised, the organization can then solicit bids. Beyond the basic information included in RFXs (capability and price) procurement would also embrace replete of the compress language it wants vendors to accord to for the final award. Vendors then do their bids while adding redlines to the proposed contract. Doing this third element earlier allows vendors to do more competitive bids, as well as shows procurement how much negotiation will live required with a vendor to compass an agreement.

With the dawn of compress negotiation already executed during the bidding stage, procurement can then Move from delivering a letter of intent to a fully negotiated and signed compress with maximum efficiency. A digital compress management platform easily facilitates this process, and then provides ongoing benefits through improved supplier performance monitoring if connected with other enterprise systems that evaluate various performance metrics.

Benefits of Contract-Centric Sourcing

While moving compress management to the dawn of sourcing creates a novel model and workflow for procurement, the benefits that organizations can realize outweigh the challenges of process redesign.

Perhaps most obvious is the aptitude to accelerate the pace of sourcing. Integrating contracts into the replete sourcing lifecycle makes the whole process faster — from forming a category strategy to cutting out back and forth during bidding and streamlining delivery of the final award. Acceleration from compress management could support agile product development, moving ideas from design/engineering into production seamlessly instead of holding up the process in securing parts or essential components.

Acknowledging the weight of compress management to sourcing will also better support legal departments, which will know procurement is taking appropriate measures to protect the industry from external risks. Putting potential regulatory compliance hurdles front and seat in the sourcing process (e.g., GDPR, RoHS, anti-slavery laws) forces suppliers to address potential issues proactively, ensuring the industry won’t be, for example, incorporating restricted substances or inputs made with forced labor into its products. This can also apply to reputational risks, as procurement can incorporate CSR factors such as supplier diversity into its sourcing strategy.

Finally, procurement organizations can never ignore the value of savings within a sourcing exercise, and advancing compress management to the dawn of sourcing does just that by optimizing the entire process. By applying simulated intelligence-based analytics to contracts analysis, automating routine labor in bid solicitation and negotiations, and streamlining the award process for full-time employees, procurement organizations can bring additional savings totaling as much as 3.5% of replete external spend down to the bottom line, according to estimates from McKinsey & Company. What’s more, the time saved by eliminating excess back and forth with vendors can then live applied to more worthwhile projects, whether executing a more ambitious contract-backed category strategy or supporting supplier innovation efforts.

Starting from the Foundation

Taking a digital approach to compress management is a key way to enabling enterprise-wide digital transformation. Because there is nothing more industry censorious to a firm than its contracts, prioritizing a strategic, digital-first approach to compress management creates a foundation for other fully digital processes. Naturally, this also applies to sourcing.

While the process of evaluating and selecting suppliers has always incorporated compress management, putting contracts at the outset of sourcing is a fundamental change to the source-to-contract cycle. But with novel capabilities enabled by digital compress management platforms, such an approach to sourcing is now not only feasible but an attractive way for procurement organizations to deliver numerous novel benefits from this essential industry process.


KushCo Holdings Announces implementation of novel Warehouse Management System | killexams.com true questions and Pass4sure dumps

Manhattan Associates and GoLeanSixSigma.com Consulting to Expedite Supply Chain Improvements

GARDEN GROVE, Calif., Nov. 08, 2018 (GLOBE NEWSWIRE) -- KushCo Holdings, Inc. (OTCQB: KSHB) (“KushCo” or the “Company”), the parent company of innovative industry leaders such as Kush Supply Co., Kush Energy, The Hybrid Creative, and Koleto Packaging Solutions, which provide a compass of services and products for a variety of industries including the regulated cannabis and CBD industries, today announced it has selected Manhattan Associates as its novel Warehouse Management System provider and has selected GoLeanSixSigma.com as the consultant team to support implementing the improved processes alongside KushCo’s operations teams.

This investment further solidifies KushCo’s goal of having operational excellence and a world-class supply chain. By implementing this novel system, KushCo will live able to scale and expedite its rapid growth in an efficient and amenable manner. Manhattan Associates is a technology leader in supply chain and omnichannel commerce that sets the standard for supply chain innovation by uniting information across the enterprise, converging front-end sales with back-end supply chain execution. For several years Manhattan Associates has been the leader in the Gartner Quadrant when comparing Tier 1 and Tier 2 WMS companies and system solutions available in the industry. Clients embrace GE, Adidas, and Macy’s, among others.

Additionally, KushCo has partnered with GoLeanSixSigma.com, a top consulting company, to strengthen the implementation of operational processes. With GoLeanSixSigma.com, KushCo will gain access to a customized blend of collaboration, hands-on rapid execution, and internal capability pile to further achieve operational excellence.

The consulting team with GoLeanSixSigma.com brings a magnificient depth of experience and information of process improvements techniques applied in various industries, doing so for clients such as Amazon, Hilton, Oracle, and Wells Fargo. The team dedicated to Kush will live composed of two lanky Six Sigma Master Black Belt consultants:

-- Riaan du Plooy is a lanky Six Sigma Master Black Belt and Consultant with over 17 years of experience in leading, teaching, coaching and facilitating the successful application of lanky Six Sigma tools and concepts; and -- Clare DiFrisco is highly skilled in developing and applying continuous improvement methods to large, complex, multi-location organizations and has a proven record of reducing costs, driving value, creating operational efficiencies and achieving strategic goals.

Rodrigo de Oliveira, Vice President of Operations, commented, “Manhattan implementation will allow KushCo to extend warehouse productivity, space utilization, inventory accuracy and compliance of internal processes. It will also provide the Company with the aptitude to quickly adjust to planned and unexpected claim changes. With GoLeanSixSigma, their goal is to solidify a strong process foundation, with a focus on sustainable and robust internal capabilities, by integrating daily industry processes to quickly assess the current scenario, tap into the information of the internal team to enact the actual work of creating new, stronger, scalable and sustainable processes.”

Furthermore, the Company has engaged BDO’s Risk Advisory Services to assist it in achieving Sarbanes-Oxley Section 404 (SOX 404) compliance. Achieving SOX compliance is the responsibility of KushCo management, and can improve processes, reduce the risk of fraud, and maximize the utilization of industry resources. Manual processes, outdated processes, and unnecessary review procedures can replete live identified and assessed during the risk assessment and control design phases of a project, resulting in increased efficiency and effectiveness throughout many aspects of the business.

“KushCo is growing at a rapid rate. In order for us to continue providing best-in-class service to their clients at a larger scale, they are adding a Warehouse Management System and engaging the service of a world-class consulting firm to ensure they are managing their growth,” states Nick Kovacevich, CEO of KushCo. “By initiating this effort now, they intend to live compliant by the terminate of their 2020 fiscal year, one year ahead of the required completion of 2021.”

To live added to the distribution list, gratify email ir@kushco.com with “Kush” in the subject line.

About KushCo Holdings, Inc.

KushCo Holdings, Inc. (OTCQB: KSHB) is the parent company to a diverse group of industry units that are transformative leaders across several industries. KushCo Holdings’ subsidiaries and brands provide exceptional customer service, product quality, compliancy information and a local presence in serving its diverse customer base.

KushCo Holdings’ brands embrace Kush Supply Co., a dynamic sales platform that is the nation’s largest and most respected distributor of packaging, supplies, and accessories to the cannabis and CBD industry, Kush Energy, which provides ultra-pure hydrocarbon gases and solvents, Hybrid Creative, a premier creative design agency for clients across several industries, and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions.

Founded in 2010, KushCo Holdings has now sold more than 1 billion units and regularly sells to more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. KushCo Holdings subsidiaries maintain facilities in the five largest U.S. cannabis markets as well as having a local sales presence in every major U.S. cannabis market.

KushCo Holdings strives to live the industry leader for amenable and compliant products and services in the legal cannabis and CBD industry. The Company has been featured in media nationwide, including CNBC, Los Angeles Times, TheStreet.com, Entrepreneur, and industry magazine Inc. While KushCo Holdings provides products and solutions to customers in the cannabis and CBD industries, it has no direct involvement with the cannabis plant or any products that contain THC or CBD.

For more information, visit www.kushco.com or convene (888)-920-5874.

Forward-Looking Statements

This press release may embrace predictions, estimates or other information that might live considered forward-looking within the acceptation of applicable securities laws. While these forward-looking statements limn the Company’s current judgments, they are subject to risks and uncertainties that could antecedent actual results to disagree materially. You are cautioned not to dwelling undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. gratify withhold in intelligence that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of novel information or future events. When used herein, words such as: “potential,” “look forward,” “expect,” “believe,” “dedicated,” “building,” or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could antecedent actual results to disagree materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC), available at: www.sec.gov, and on the Company’s website, at: www.kushco.com.

KushCo Holdings Contacts

Media Contact: Anne Donohoe / Nick Opich KCSA Strategic Communications 212-896-1265 / 212-896-1206 adonohoe@kcsa.com / nopich@kcsa.com

Investor Contact: Phil Carlson / Elizabeth Barker KCSA Strategic Communications 212-896-1233 / 212-896-1203 ir@kushco.com


New Supply Chain Association Built From APICS’ Foundation | killexams.com true questions and Pass4sure dumps

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A novel association for supply chain management is coming to life—with the foundational support of an existing group.

The Association for Supply Chain Management (ACSM), which was announced on Monday, will work to succor push the sector forward through educational resources, thought leadership, and corporate assessment programs. The novel group is an offshoot of the American Production and Inventory Control Society (APICS), which will continue under the ASCM umbrella.

APICS CEO Abe Eshkenazi, CAE, said that the novel organization is intended as a footprint expansion and will present novel resources that APICS didn’t previously offer, with a goal of helping companies extract more strategic value from their supply chains.

“ASCM is the leader for end-to-end supply chain management, bringing corporations and professionals the latest ideas and proven best practices to succor transform supply chains,” Eshkenazi stated in a intelligence release. “We want to empower both the people who elevate supply chains and the companies who utilize them.”

ASCM might prove a magnificient resource for supply chain managers, and comes at a time when pang points for supply chain managers are growing. In 2016, APICS and Michigan State University released a study asking managers at 50 major firms what was keeping them up at night. Among the biggest challenges were resource availability, talent, complexity, threats and challenges, compliance, and cost issues.

Eshkenazi celebrated that the novel organization would expand the potential pool of resources to organizations reliant on smoothly running supply chains.

“With ASCM, they recognized an exciting occasion with this novel association to expand their compass and elevate their position even further,” he added. “Something special is happening in supply chain.”

More information about ASCM will live released in the coming weeks, with the goal of a replete launch in early 2019.

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