Leadership and Transformation in Supply Management

Here you have the best ISM LEAD practice exam questions

  • You have 165 total questions across 33 pages (5 per page)
  • These questions were last updated on March 12, 2026
  • This site is not affiliated with or endorsed by ISM.
Question 1 of 165
A manufacturing company receives notice from a supplier that it will not be able to make a scheduled delivery. The delivery is critical to the buying firm’s production of a key product. The supply manager calls a meeting with team members from production, sales, legal, and other areas to discuss the situation.
Which of the following is the BEST approach for the team to take during this meeting?
Answer

Suggested Answer

The suggested answer is B.

Question 2 of 165
A firm specifies that any purchase over $2,500 requires management approval and any purchase over $10,000 requires procurement review. A buyer conducts five separate transactions for the same product without review at $2,499 a piece over a two week period. The buyer’s actions constitute which of the following types of fraud?
Answer

Suggested Answer

The suggested answer is D.

Question 3 of 165
A supply manager is asked to identify suppliers for a new procurement system.
Which of the following is the BEST source of information for researching this project?
Answer

Suggested Answer

The suggested answer is B.

Question 4 of 165
An order is placed with a supplier. While there is no formal acknowledgement of the details of the order, there is a confirmation of receipt, and the supplier begins the work. When the buying firm receives the invoice, the price on the invoice is less than the price established on the order.
In this situation, which of the following would be the BEST course of action for the buying firm to take?
Answer

Suggested Answer

The suggested answer is C.

Question 5 of 165
Which of the following provides a complete and accurate integrated master record across all business sites and functions?
Answer

Suggested Answer

The suggested answer is C.

About the ISM LEAD Certification Exam

About the Exam

The ISM LEAD (Leadership and Transformation in Supply Management) validates your knowledge and skills. Passing demonstrates proficiency and can boost your career prospects in the field.

How to Prepare

Work through all 165 practice questions across 33 pages. Focus on understanding the reasoning behind each answer rather than memorizing responses to be ready for any variation on the real exam.

Why Practice Exams?

Practice exams help you familiarize yourself with the question format, manage your time, and reduce anxiety on the test day. Our LEAD questions are regularly updated to reflect the latest exam objectives.