CSCP Sourcing and Supplier Management 5

Question 1

A buyer requires suppliers to hold a minimum 30-day inventory at their own facility for release on demand. This arrangement is called:

Accepted Answer

Consignment or supplier-held buffer stock

Answer

Consignment or supplier-held buffer stock keeps inventory at the supplier's risk until called off, reducing buyer's on-hand investment.

Question 2

Which sustainability practice in procurement requires suppliers to disclose the carbon footprint of their manufacturing processes?

Accepted Answer

Scope 3 emissions reporting

Answer

Scope 3 emissions encompass value chain emissions including those from suppliers, and requiring their disclosure is a key sustainable sourcing practice.

Question 3

What is the primary risk of single sourcing a high-volume, critical component?

Accepted Answer

Supply disruption with no immediate alternative if the supplier fails

Answer

Single sourcing concentrates supply risk: any disruption at the sole supplier halts production with no qualified backup available.

Question 4

A company's procurement team implements e-procurement software to automate purchase requisitions and approvals. The MAIN benefit is:

Accepted Answer

Reduced maverick spending and faster cycle times through standardized workflows

Answer

E-procurement systems enforce policy-compliant buying channels and streamline approvals, cutting off-contract purchases and reducing transaction processing time.

Question 5

When a buyer includes environmental and social governance (ESG) criteria in a supplier evaluation, the practice is referred to as:

Accepted Answer

Responsible sourcing

Answer

Responsible sourcing formally integrates ESG criteria—environmental impact, labor rights, and governance—into supplier selection and monitoring.

Certified Supply Chain Professional CSCP Practice Practice Test

Certified Supply Chain Professional CSCP Practice Practice Test

CSCP Sourcing and Supplier Management 5