CSCP Sourcing and Supplier Management 4

Question 1

A company wants to reduce its supplier base from 300 to 50 vendors. This strategy is known as:

Accepted Answer

Supply base rationalization

Answer

Supply base rationalization is the deliberate reduction in the number of active suppliers to achieve better pricing, quality, and relationship depth.

Question 2

Which metric best measures a supplier's ability to fulfill orders at the correct quantity and specification without requiring a return?

Accepted Answer

Perfect order fulfillment rate

Answer

Perfect order fulfillment captures on-time, complete, damage-free, and correctly documented delivery in a single composite metric.

Question 3

What distinguishes a Request for Proposal (RFP) from a Request for Quotation (RFQ)?

Accepted Answer

An RFP solicits technical approach and solution details, while an RFQ seeks a specific price for defined specifications

Answer

An RFP is appropriate when the buyer wants suppliers to propose how they would meet requirements; an RFQ is used when specs are fully defined and only price is needed.

Question 4

Which practice involves a buyer sharing point-of-sale data with a supplier so the supplier can manage replenishment autonomously?

Accepted Answer

Vendor-managed inventory (VMI)

Answer

In VMI, the supplier uses the buyer's sales data to determine when and how much to replenish, shifting inventory management responsibility upstream.

Question 5

A procurement manager is evaluating whether to make or buy a sub-assembly. Which factor most strongly supports an outsource decision?

Accepted Answer

The component is non-core and an external supplier has superior scale and expertise

Answer

Non-core activities where suppliers have scale advantages are prime outsourcing candidates, freeing internal resources for strategic competencies.

Certified Supply Chain Professional CSCP Practice Practice Test

Certified Supply Chain Professional CSCP Practice Practice Test

CSCP Sourcing and Supplier Management 4