CLA Procurement & Strategic Sourcing 2

Question 1

Which type of sourcing strategy spreads purchases across multiple suppliers to reduce risk?

Accepted Answer

Multiple sourcing

Answer

Single sourcing

Answer

Sole sourcing

Answer

Captive sourcing

Question 2

A supply base rationalization initiative typically aims to:

Accepted Answer

Reduce the number of active suppliers to improve management efficiency and leverage

Answer

Increase the number of suppliers for redundancy

Answer

Eliminate all long-term contracts

Answer

Shift from domestic to international suppliers only

Question 3

Which procurement document legally commits a buyer to purchase goods or services from a supplier?

Accepted Answer

Purchase order

Answer

Request for quotation

Answer

Supplier scorecard

Answer

Bill of lading

Question 4

Early supplier involvement (ESI) in new product development primarily benefits a company by:

Accepted Answer

Leveraging supplier expertise to improve design and reduce costs before production begins

Answer

Delaying product launch to gather more market data

Answer

Eliminating the need for competitive bidding

Answer

Reducing the number of required quality inspections

Question 5

Maverick spending in procurement refers to:

Accepted Answer

Purchasing outside of approved contracts and processes without authorization

Answer

Strategic investment in new supplier development

Answer

Emergency spot purchases due to supply disruption

Answer

Centralized buying decisions made without department input

Question 6

Category management in strategic sourcing groups similar spend areas together to:

Accepted Answer

Develop tailored strategies that maximize value across related purchases

Answer

Standardize all purchase orders to a single format

Answer

Eliminate specialized suppliers from the supply base

Answer

Reduce the number of procurement staff needed