Certified Supply Chain Professional CSCP Practice Certified Supply Chain Professional (CSCP) Supply Chain Risk Management 1

Question 1

A global retailer uses a risk heat map to prioritize supply chain threats. Which two dimensions are plotted on a standard risk heat map?

Accepted Answer

Probability and impact

Answer

Cost and lead time

Answer

Frequency and velocity

Answer

Supplier score and market share

Question 2

Which supply chain risk management technique involves holding extra inventory specifically to buffer against demand or supply uncertainty?

Accepted Answer

Safety stock

Answer

Risk transfer

Answer

Dual sourcing

Answer

Postponement

Question 3

A CSCP candidate is evaluating a supplier's financial health as part of a risk assessment. Which financial metric is MOST directly relevant to assessing the supplier's ability to survive a demand downturn?

Accepted Answer

Current ratio

Answer

Gross margin percentage

Answer

Return on assets

Answer

Revenue growth rate

Question 4

Which of the following BEST describes the concept of 'supply chain resilience'?

Accepted Answer

The ability to recover quickly and return to normal operations after a disruption

Answer

The ability to source all materials domestically

Answer

The capacity to avoid all disruptions through rigorous planning

Answer

The practice of outsourcing risk to third-party logistics providers

Question 5

A company signs a contract requiring its supplier to carry product liability insurance and name the company as an additional insured. This is an example of which supply chain risk strategy?

Accepted Answer

Risk transfer

Answer

Risk avoidance

Answer

Risk acceptance

Answer

Risk reduction

Question 6

When conducting a supply chain vulnerability assessment, which framework helps organizations identify risks across Plan, Source, Make, Deliver, and Return processes?

Accepted Answer

SCOR

Answer

FMEA

Answer

ISO 31000

Answer

COSO ERM