CSCP CSCP Supply Chain Risk Management Questions and Answers 2

Question 1

Which risk management strategy involves maintaining additional inventory to buffer against supply disruptions?

Accepted Answer

Risk mitigation through safety stock

Answer

Safety stock is a mitigation strategy that uses buffer inventory to protect against variability and potential supply disruptions.

Question 2

What is the primary purpose of a supply chain risk heat map?

Accepted Answer

To visualize risks by likelihood and impact severity

Answer

A risk heat map plots identified risks on a matrix of probability versus impact, enabling prioritization of mitigation efforts.

Question 3

In the context of CSCP, what does Business Continuity Planning (BCP) primarily address?

Accepted Answer

Maintaining operations during and after a disruptive event

Answer

BCP focuses on ensuring critical business functions can continue during a disruption and recover within acceptable timeframes.

Question 4

Which of the following best describes a single-source risk in supply chain management?

Accepted Answer

Relying on a sole supplier for a critical component

Answer

Single-source risk arises when an organization depends on one supplier for a critical item, creating vulnerability if that supplier fails.

Question 5

What role does supply chain mapping play in risk management?

Accepted Answer

It provides end-to-end visibility of nodes and dependencies to identify vulnerabilities

Answer

Supply chain mapping reveals the full network of suppliers, sub-tier dependencies, and logistics routes, helping identify hidden vulnerabilities.

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