Certified Supply Chain Professional (CSCP) Practice Test 5

Scenario: Mr. Patel is the procurement manager for a manufacturing company. He has received a request from the production department to source a specific type of raw material that is crucial for the production schedule. The production department urgently needs this material to avoid delays in the manufacturing process. However, Mr. Patel knows that the market price for this raw material has recently increased significantly due to global supply chain disruptions. What should Mr. Patel do?