[Jan 12, 2026] Pass CIPS Level 5 Advanced Diploma in Procurement and Supply L5M7 Exam With 90 Questions [Q40-Q62]

QUESTION 40
An organisation can leverage effective Supply Chain Management to deliverCompetitive Advantage. What is meant byCompetitive Advantage?

QUESTION 41
Tom, a Procurement Manager, is initiating aSupplier Rationalisationproject. What should he completefirstto direct the project?

QUESTION 42
What doesISO 9001refer to?

QUESTION 43
Mark, a logistics procurement manager, describes his chain astightly coupled. What does this mean?

QUESTION 44
Plastic Fantastic Ltd manufactures plastic homeware. Customers can return used products to the retailer, who passes them back to the manufacturer for reprocessing. What type ofsupply chainis this?

QUESTION 45
RIDDORstatistics provide information on which of the following?

QUESTION 46
When implementingBusiness Process Re-engineering (BPR), which should be the first step?

QUESTION 47
The5S Methodologyis an organisational system to ensure workplace cleanliness and efficiency. Under which principle does it fall?

QUESTION 48
Which of the following is an example of aCapital Expenditurefor a private healthcare facility?

QUESTION 49
What isSix Sigma?

QUESTION 50
Deborah discovers her company uses amulti-sourcing strategy. Which could be a reason for this?

QUESTION 51
A strategy in which an organisation concentrates its resources on anarrow market or industry segmentis which ofPorter’s Generic Strategies?

QUESTION 52
A pricing approach in which avalue pointis decided upon and maintained for aprescribed periodis known as what?

QUESTION 53
Which of the following is an example of aclosed-loopsupply chain?

QUESTION 54
Which approach to quality involvesmanufacturing only what is required, when it is required?

QUESTION 55
What is the name of the phenomenon in which a small change in consumer demand can have an amplified effect throughout the supply chain?

QUESTION 56
Ahierarchically orientated organisationwould have which of the following characteristics?

QUESTION 57
Guppy Fish Ltd manufactures machinery. A rival is releasing automated technology that could replace manual operation. What type of threat does this pose?

QUESTION 58
Which of the following attributes doesnotimpact the type of buyer-supplier relationship?

QUESTION 59
Total Quality Management (TQM)is a long-term strategy. Is this TRUE?

QUESTION 60
Which of the following departments within an organisation form part of theValue Chain?
Select THREE.

QUESTION 61
According to theKraljic Matrix, suppliers are classified based on which TWO factors?

QUESTION 62
AResource-Based Review(RBR) focuses on which aspect of competitive advantage?