CPP Supply Chain Management Flashcards
6 cards from real CPP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CPP Supply Chain Management flashcards as text
What is a 'single-source' supply strategy?
Answer: Deliberately choosing one supplier as the exclusive source for a product or service
Single-sourcing is the intentional choice to rely on one supplier exclusively, often to leverage volume discounts or build a deep strategic partnership.
What does 'nearshoring' mean in a supply chain context?
Answer: Relocating supply chain operations to nearby or neighboring countries
Nearshoring involves relocating supply chain or manufacturing operations to geographically close countries to reduce lead times, costs, and risk.
Which document formally authorizes a supplier to deliver goods or services?
Answer: Purchase Order (PO)
A Purchase Order is the commercial document issued by a buyer that formally authorizes a supplier to deliver specific goods or services at agreed-upon terms and price.
What is 'reshoring' in supply chain management?
Answer: Bringing manufacturing or supply operations back to the home country
Reshoring is the practice of returning manufacturing or supply operations that were previously offshored back to the company's home country.
What is the role of a Third-Party Logistics (3PL) provider?
Answer: To manage outsourced logistics functions including transportation, warehousing, and fulfillment
A 3PL provider manages outsourced logistics operations—transportation, warehousing, and order fulfillment—on behalf of a client company.
What does supply chain 'resilience' refer to?
Answer: The ability to withstand and recover quickly from supply chain disruptions
Supply chain resilience is the capability to anticipate, prepare for, respond to, and recover from disruptions while maintaining continuity of operations.