Certified Supply Chain Professional CSCP Practice Certified Supply Chain Professional (CSCP) Sourcing Products and Services 1

Question 1

Which sourcing approach involves negotiating with two or three pre-qualified suppliers to maintain competitive pressure while ensuring supply continuity?

Accepted Answer

Dual/multiple sourcing

Answer

Single sourcing

Answer

Spot purchasing

Answer

Vertical integration

Question 2

A supplier scorecard used during the sourcing evaluation process primarily helps an organization:

Accepted Answer

Objectively compare suppliers across weighted performance criteria

Answer

Determine the internal manufacturing cost of a product

Answer

Calculate the break-even point for a make-or-buy decision

Answer

Negotiate payment terms with existing vendors

Question 3

In the context of sourcing, a 'make-or-buy' decision is primarily driven by which analytical framework?

Accepted Answer

Total Cost of Ownership (TCO) and core competency analysis

Answer

Economic Order Quantity (EOQ)

Answer

ABC inventory classification

Answer

Demand sensing and forecasting

Question 4

What is the key distinction between a Request for Information (RFI) and a Request for Quotation (RFQ)?

Accepted Answer

An RFI gathers market and capability data, while an RFQ solicits specific pricing for defined specifications

Answer

An RFI is legally binding; an RFQ is not

Answer

An RFQ is used for services only; an RFI is used for goods only

Answer

An RFI requires a formal contract award; an RFQ does not

Question 5

Which contract type places the greatest financial risk on the buyer when actual costs are uncertain?

Accepted Answer

Cost-plus-fixed-fee contract

Answer

Fixed-price contract

Answer

Time-and-materials contract

Answer

Firm-fixed-price with economic price adjustment

Question 6

Early supplier involvement (ESI) in the product development process primarily provides which benefit?

Accepted Answer

It enables suppliers to contribute technical expertise that reduces cost and lead time during design

Answer

It shifts all design responsibility to the supplier

Answer

It eliminates the need for a formal RFP process

Answer

It guarantees a sole-source contract award to the involved supplier