This Advanced Level Test comprehensively assesses advanced knowledge in strategic sourcing, focusing on cost reduction, value creation, supplier performance management, and strategic partnerships. Topics include the strategic sourcing process, supplier evaluation criteria (financial stability, technological capabilities, and quality management), and various sourcing strategies such as multiple, single, and dual sourcing.
Total Cost of Ownership (TCO) analysis, Request for Proposals (RFPs), negotiation strategies like integrative negotiation, and supply chain risk management strategies are also assessed. Service Level Agreements (SLAs), sourcing team roles, e-procurement benefits, sustainability considerations, supplier performance metrics, and the purpose of supplier scorecards are also mentioned.
Additionally, the objectives of reverse auctions, category management, supplier segmentation, spend analysis, and the benefits of e-procurement are tested. The test also examines the importance of supplier audits, selection criteria, sourcing strategies, supplier development programs, contract negotiation, risk mitigation, market analysis, offshoring, supplier risk assessment, data analytics, dual sourcing, make-or-buy analysis, and the development of supplier relationship management strategies.
Overall, the test is designed to assess more advanced knowledge in strategic sourcing, focusing on cost savings, value creation, supplier performance management, and building strategic partnerships.
Designed to access
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Strategic Thinking and Planning
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Analytical and Decision-Making Skills
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Negotiation and Relationship Management
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Risk Management and Problem Solving
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Supplier Evaluation and Performance Management
Use this test to hire for
- Strategic Sourcing Manager
- Procurement Manager/Officer
- Supply Chain Manager
- Category Manager
- Supplier Relationship Manager
- Purchasing Manager
- Supply Chain Analyst
- Contract Manager
- Risk Management Specialist in Supply Chain
- Global Sourcing Manager
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Duration 10 minutes
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Languages English
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Level Advanced / Level 3
Question
What is the primary objective of strategic sourcing?
Select ONE answer
Question
Which of the following is NOT a step in the strategic sourcing process?
Select ONE answer
Question
Which of the following cost components is NOT typically considered in Total Cost of Ownership (TCO) analysis?
Select ONE answer
Use skills-based tests to make data-driven hiring decisions
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Unbiased, skills-based assessments to ensure objective and equitable hiring decisions
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Comprehensive analytics and insights for making informed, data-backed candidate selections
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Scales to accommodate your hiring needs, from small teams to large-scale recruitment drives