CSCP CSCP Sourcing and Supplier Management Questions and Answers 3

Question 1

Which contract type places the greatest cost risk on the supplier rather than the buyer?

Accepted Answer

Firm fixed-price

Answer

Cost-plus-fixed-fee

Answer

Time and materials

Answer

Cost-reimbursable

Question 2

What is the main objective of strategic sourcing compared to traditional purchasing?

Accepted Answer

Building long-term supplier relationships that create competitive advantage

Answer

Minimizing the number of purchase orders processed

Answer

Eliminating all supplier negotiations

Answer

Reducing headcount in the procurement department

Question 3

In supplier relationship management, what distinguishes a strategic alliance from a transactional relationship?

Accepted Answer

Shared investment in innovation and mutual long-term commitments

Answer

Lower purchase volumes

Answer

Use of competitive bidding for every order

Answer

Absence of formal contracts

Question 4

Which early supplier involvement (ESI) benefit is most directly tied to reducing time-to-market?

Accepted Answer

Supplier input during product design that prevents costly late-stage redesigns

Answer

Lower insurance premiums

Answer

Increased safety stock levels

Answer

More frequent supplier audits

Question 5

What is the primary purpose of conducting a supplier capability assessment before awarding a new contract?

Accepted Answer

To verify the supplier can meet quality, capacity, and delivery requirements

Answer

To ensure the supplier offers the lowest possible price

Answer

To eliminate the need for incoming inspection

Answer

To benchmark the supplier's marketing strategy

Question 6

Which sourcing approach is most appropriate for leveraging items classified as 'bottleneck' in the Kraljic Matrix?

Accepted Answer

Securing supply continuity through safety stock and long-term contracts

Answer

Aggressive price negotiation with multiple suppliers

Answer

Minimizing procurement attention and automating orders

Answer

Forming joint ventures with competitors