CPSM Supply Management Core 3

Question 1

Which supplier evaluation method assigns numerical weights to multiple criteria and scores each supplier against those criteria?

Accepted Answer

Weighted-point method

Answer

The weighted-point method quantifies supplier performance by assigning importance weights to criteria such as quality, delivery, and price, then scoring and multiplying each to produce a composite score.

Question 2

In supply chain risk management, 'supply chain mapping' is primarily used to:

Accepted Answer

Visualize relationships and dependencies across multiple tiers of suppliers

Answer

Supply chain mapping creates a visual representation of supplier relationships beyond first-tier suppliers, enabling identification of hidden risks and single points of failure.

Question 3

A spend analysis is PRIMARILY used to:

Accepted Answer

Identify consolidation opportunities and sourcing priorities

Answer

Spend analysis aggregates and categorizes purchasing data to reveal where money is spent, enabling leverage, consolidation, and strategic sourcing prioritization.

Question 4

The Kraljic Matrix classifies purchased items based on which two dimensions?

Accepted Answer

Supply risk and profit impact

Answer

The Kraljic Matrix plots items on axes of supply risk (complexity of supply market) and profit impact (purchase volume × price, quality impact, business impact) to define sourcing strategies.

Question 5

Which type of e-procurement tool allows buyers to post requirements and receive competitive bids electronically in a reverse auction format?

Accepted Answer

Reverse auction platform

Answer

A reverse auction platform enables multiple suppliers to bid competitively online in real time, with the price typically moving downward as suppliers undercut each other.

(CPSM) Certified Professional in Supply Management Practice Test

(CPSM) Certified Professional in Supply Management Practice Test

CPSM Supply Management Core 3