Certified Supply Chain Professional (CSCP) Practice Exam

What type of purchasing is characterized by a focus on transactions?

1. Tactical buying

2. Strategic sourcing

3. Multi-sourcing

4. Single-source purchasing

The correct answer is: Tactical buying

Tactical buying is characterized by a focus on individual transactions rather than long-term relationships or strategic considerations. This approach typically emphasizes short-term goals, such as obtaining the best price for a specific item or fulfilling immediate needs in the procurement process. Tactical buyers often engage in frequent purchasing activities with less emphasis on broader market analysis or supplier evaluation. In contrast, strategic sourcing involves a comprehensive approach that looks into the entire purchasing process, emphasizing long-term supplier relationships, cost management, and value creation over time. Multi-sourcing refers to obtaining goods or services from multiple suppliers to diversify risk and ensure continuity, while single-source purchasing focuses on procuring from one supplier, which can create dependency but also allow for deeper collaboration and negotiation. These alternatives highlight a more holistic or strategic perspective compared to the transaction-focused nature of tactical buying.