CSCP Sourcing and Supplier Management 2

Question 1

Which supplier evaluation method scores vendors across weighted criteria such as quality, delivery, and cost to produce a single comparative ranking?

Accepted Answer

Weighted point evaluation

Answer

The weighted point evaluation method assigns importance weights to multiple criteria and aggregates scores to rank suppliers objectively.

Question 2

A company discovers that a sole-source supplier accounts for 80% of a critical component. Which risk mitigation strategy is most appropriate?

Accepted Answer

Dual sourcing the component

Answer

Dual sourcing introduces a second qualified supplier, reducing dependency on a single source and lowering supply disruption risk.

Question 3

In a supplier development program, which activity directly improves a supplier's process capability?

Accepted Answer

Providing engineering or technical assistance on-site

Answer

On-site technical assistance actively transfers knowledge and tools to help the supplier improve its manufacturing or service processes.

Question 4

What does the term 'spend analysis' primarily help a procurement team accomplish?

Accepted Answer

Identify consolidation opportunities and leverage with suppliers

Answer

Spend analysis aggregates purchasing data by category and supplier to reveal where volume can be consolidated for better negotiating power.

Question 5

Which contract type places the greatest cost risk on the buyer?

Accepted Answer

Cost-plus-fixed-fee contract

Answer

A cost-plus-fixed-fee contract reimburses all allowable costs plus a set fee, so cost overruns are borne entirely by the buyer.

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