CSCP CSCP Supply Chain Risk Management Questions and Answers 2

Question 1

Which risk management strategy involves maintaining additional inventory to buffer against supply disruptions?

Accepted Answer

Risk mitigation through safety stock

Answer

Risk avoidance

Answer

Risk transfer

Answer

Risk acceptance

Question 2

What is the primary purpose of a supply chain risk heat map?

Accepted Answer

To visualize risks by likelihood and impact severity

Answer

To track shipment temperatures during transit

Answer

To monitor warehouse climate conditions

Answer

To measure supplier financial performance

Question 3

In the context of CSCP, what does Business Continuity Planning (BCP) primarily address?

Accepted Answer

Maintaining operations during and after a disruptive event

Answer

Maximizing quarterly revenue targets

Answer

Reducing annual procurement costs

Answer

Improving customer satisfaction scores

Question 4

Which of the following best describes a single-source risk in supply chain management?

Accepted Answer

Relying on a sole supplier for a critical component

Answer

Using only one transportation mode for all shipments

Answer

Having a single warehouse location

Answer

Operating in only one geographic market

Question 5

What role does supply chain mapping play in risk management?

Accepted Answer

It provides end-to-end visibility of nodes and dependencies to identify vulnerabilities

Answer

It eliminates all potential supply chain risks

Answer

It replaces the need for supplier audits

Answer

It guarantees on-time delivery performance

Question 6

Which quantitative method uses historical data and statistical models to estimate the financial exposure of supply chain risks?

Accepted Answer

Value at Risk (VaR)

Answer

SWOT analysis

Answer

Delphi technique

Answer

Benchmarking