CSCP FREE Certified Supply Chain Professional (CSCP) Sourcing Products and Services Questions and Answers 2

Question 1

Which sourcing strategy involves awarding a contract to a single supplier for a specific product or service?

Accepted Answer

Sole sourcing

Answer

Sole sourcing deliberately selects one supplier, often to leverage volume discounts or unique capabilities.

Question 2

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

Accepted Answer

To invite suppliers to submit detailed solutions and pricing

Answer

An RFP solicits comprehensive proposals from potential suppliers, including their approach, capabilities, and pricing.

Question 3

In a total cost of ownership (TCO) analysis for sourcing, which of the following is considered an indirect cost?

Accepted Answer

Quality inspection and rework costs

Answer

Quality inspection and rework are indirect costs incurred after purchase that add to the total cost beyond the initial price.

Question 4

What does the Kraljic Matrix classify as 'bottleneck' items?

Accepted Answer

Low profit impact, high supply risk

Answer

Bottleneck items have low profit impact but high supply risk, requiring supply assurance strategies.

Question 5

Which contract type places the most financial risk on the buyer?

Accepted Answer

Cost-plus-percentage-of-cost contract

Answer

Cost-plus-percentage-of-cost contracts incentivize higher supplier spending since the fee grows with costs, shifting risk to the buyer.

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