CSCP FREE Certified Supply Chain Professional (CSCP) Sourcing Products and Services Questions and Answers 2

Question 1

Which sourcing strategy involves awarding a contract to a single supplier for a specific product or service?

Accepted Answer

Sole sourcing

Answer

Dual sourcing

Answer

Multi-sourcing

Answer

Near-sourcing

Question 2

What is the primary purpose of a Request for Proposal (RFP) in the sourcing process?

Accepted Answer

To invite suppliers to submit detailed solutions and pricing

Answer

To place a purchase order

Answer

To negotiate final contract terms

Answer

To evaluate supplier financial health

Question 3

In a total cost of ownership (TCO) analysis for sourcing, which of the following is considered an indirect cost?

Accepted Answer

Quality inspection and rework costs

Answer

Unit purchase price

Answer

Freight charges

Answer

Import duties

Question 4

What does the Kraljic Matrix classify as 'bottleneck' items?

Accepted Answer

Low profit impact, high supply risk

Answer

High profit impact, low supply risk

Answer

High profit impact, high supply risk

Answer

Low profit impact, low supply risk

Question 5

Which contract type places the most financial risk on the buyer?

Accepted Answer

Cost-plus-percentage-of-cost contract

Answer

Fixed-price contract

Answer

Time and materials contract

Answer

Cost-plus-fixed-fee contract

Question 6

What is the key benefit of implementing e-procurement systems for sourcing?

Accepted Answer

Automating purchase requisitions and reducing cycle times

Answer

Eliminating the need for supplier negotiations

Answer

Guaranteeing lowest possible prices

Answer

Removing the need for supplier evaluation