CRP CRP Supply Chain Resilience & Vendor Management

Question 1

What is the primary purpose of a supplier criticality assessment in supply chain resilience planning?

Accepted Answer

To rank suppliers by their impact on critical operations if they fail

Answer

To evaluate vendor pricing

Answer

To measure delivery speed

Answer

To audit supplier environmental practices

Question 2

Which strategy best reduces single-source dependency risk in a supply chain?

Accepted Answer

Dual or multi-sourcing critical components

Answer

Extending vendor contracts

Answer

Increasing safety stock only

Answer

Requiring vendors to carry insurance

Question 3

A Vendor Risk Assessment (VRA) should be performed at which point in the vendor lifecycle?

Accepted Answer

Before onboarding and periodically thereafter

Answer

Only at contract renewal

Answer

Only after a vendor incident

Answer

Exclusively during annual audits

Question 4

What does a Mutual Aid Agreement (MAA) between organizations provide in supply chain resilience?

Accepted Answer

Pre-arranged reciprocal support during disruptions

Answer

Shared marketing resources

Answer

Joint ownership of assets

Answer

Reduced regulatory requirements

Question 5

Which metric is most useful for measuring supply chain vulnerability to disruption?

Accepted Answer

Mean Time to Recovery (MTTR) for critical suppliers

Answer

Supplier profit margin

Answer

Vendor employee headcount

Answer

Number of active contracts

Question 6

What is a key element of a robust supplier Business Continuity Plan (BCP) review process?

Accepted Answer

Verifying suppliers have tested their plans within the past 12 months

Answer

Requiring suppliers to use your BCP template verbatim

Answer

Confirming suppliers are insured

Answer

Reviewing supplier financial statements only