CSCP CSCP Sourcing Products and Services Questions and Answers 3

Question 1

What is a key risk associated with sole sourcing a critical component?

Accepted Answer

Supply disruption if the single supplier experiences a failure

Answer

Sole sourcing creates a single point of failure, meaning any disruption at that supplier directly impacts the buyer's operations with no immediate alternative.

Question 2

Which metric best evaluates supplier delivery performance?

Accepted Answer

On-time delivery rate

Answer

On-time delivery rate directly measures a supplier's ability to fulfill orders within the agreed-upon timeframe, which is a core logistics performance indicator.

Question 3

In the Kraljic portfolio matrix, how should 'bottleneck' items be managed?

Accepted Answer

By securing supply continuity and developing alternative sources

Answer

Bottleneck items have high supply risk but low profit impact, so the priority is ensuring supply security through buffer stock, alternative suppliers, or contingency plans.

Question 4

What does the term 'maverick spending' refer to in procurement?

Accepted Answer

Buying goods or services outside established contracts and procurement policies

Answer

Maverick spending occurs when employees bypass negotiated contracts and approved suppliers, leading to higher costs and reduced compliance.

Question 5

Which supplier evaluation method uses weighted scoring across multiple performance criteria?

Accepted Answer

Weighted-point method

Answer

The weighted-point method assigns relative weights to evaluation criteria such as quality, delivery, and price, then scores each supplier to produce a composite rating.

Certified Supply Chain Professional CSCP Practice Practice Test

Certified Supply Chain Professional CSCP Practice Practice Test

CSCP CSCP Sourcing Products and Services Questions and Answers 3