CLA Procurement & Strategic Sourcing

Question 1

Which procurement strategy involves purchasing from a single supplier to leverage volume discounts and build a strong partnership?

Accepted Answer

Single sourcing

Answer

Single sourcing concentrates all purchasing with one supplier to maximize volume leverage and develop a deeper strategic partnership.

Question 2

What is the primary purpose of a Request for Proposal (RFP) in procurement?

Accepted Answer

To invite suppliers to bid on a specific requirement with detailed specifications

Answer

An RFP solicits detailed proposals from potential suppliers, including pricing, methodology, and qualifications for a defined requirement.

Question 3

Total Cost of Ownership (TCO) in procurement includes which of the following beyond the purchase price?

Accepted Answer

Acquisition, operating, maintenance, and disposal costs

Answer

TCO captures all costs across the full lifecycle of an asset or product, including acquisition, operation, maintenance, and end-of-life disposal.

Question 4

A blanket purchase order (BPO) is best used when a buyer needs to:

Accepted Answer

Purchase recurring items from a supplier over a set period at agreed prices

Answer

A BPO establishes pricing and terms for repeated purchases of the same item over a defined timeframe, reducing administrative overhead.

Question 5

Which method of supplier evaluation scores vendors across multiple criteria such as quality, delivery, and price?

Accepted Answer

Weighted scorecard

Answer

A weighted scorecard assigns importance weights to each criterion and combines scores to rank suppliers objectively.

CLA - Certified Logistics Analyst Practice Test