Sourcing and Supplier Management Flashcards
7 cards from real CSCP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Sourcing and Supplier Management flashcards as text
Which supplier evaluation method scores vendors across weighted criteria such as quality, delivery, and cost to produce a single comparative ranking?
Answer: Weighted point evaluation
The weighted point evaluation method assigns importance weights to multiple criteria and aggregates scores to rank suppliers objectively.
A company discovers that a sole-source supplier accounts for 80% of a critical component. Which risk mitigation strategy is most appropriate?
Answer: Dual sourcing the component
Dual sourcing introduces a second qualified supplier, reducing dependency on a single source and lowering supply disruption risk.
In a supplier development program, which activity directly improves a supplier's process capability?
Answer: Providing engineering or technical assistance on-site
On-site technical assistance actively transfers knowledge and tools to help the supplier improve its manufacturing or service processes.
What does the term 'spend analysis' primarily help a procurement team accomplish?
Answer: Identify consolidation opportunities and leverage with suppliers
Spend analysis aggregates purchasing data by category and supplier to reveal where volume can be consolidated for better negotiating power.
Which contract type places the greatest cost risk on the buyer?
Answer: Cost-plus-fixed-fee contract
A cost-plus-fixed-fee contract reimburses all allowable costs plus a set fee, so cost overruns are borne entirely by the buyer.
Early supplier involvement (ESI) is most beneficial during which phase of new product development?
Answer: Concept and design phase
Involving suppliers during concept and design allows them to influence specifications for manufacturability, cost, and material availability before commitments are locked in.
A buyer uses a reverse auction to select a logistics provider. What is the PRIMARY advantage of this approach?
Answer: It drives price competition among pre-qualified suppliers in real time
Reverse auctions create a competitive bidding environment where suppliers lower prices in real time, directly reducing purchase cost.