CSCP CSCP Sourcing and Supplier Management Questions and Answers 2

Question 1

Which sourcing strategy involves awarding contracts to multiple suppliers to reduce dependency on a single source?

Accepted Answer

Multi-sourcing

Answer

Sole sourcing

Answer

Single sourcing

Answer

Insourcing

Question 2

What is the primary purpose of a supplier scorecard in supply chain management?

Accepted Answer

To measure and track supplier performance against key metrics

Answer

To negotiate lower prices

Answer

To replace supplier audits entirely

Answer

To determine shipping routes

Question 3

In a total cost of ownership (TCO) analysis for sourcing decisions, which of the following is typically included beyond the purchase price?

Accepted Answer

Quality inspection, maintenance, and disposal costs

Answer

Only transportation costs

Answer

Marketing expenses for the finished product

Answer

Competitor pricing data

Question 4

What does the Kraljic Matrix primarily help procurement teams accomplish?

Accepted Answer

Segment purchases by supply risk and profit impact to determine sourcing strategies

Answer

Forecast demand for raw materials

Answer

Calculate economic order quantities

Answer

Schedule production runs

Question 5

Which supplier development activity involves a buying organization sending its own personnel to work at a supplier's facility?

Accepted Answer

Supplier resident engineer program

Answer

Competitive bidding

Answer

Supplier co-location

Answer

Reverse auction

Question 6

What is a key risk of relying on a sole-source supplier for a critical component?

Accepted Answer

Supply disruption if the supplier experiences a catastrophic event

Answer

Reduced administrative overhead

Answer

Lower unit costs from volume commitments

Answer

Simplified quality standards