Latest CIPS L5M7 Exam questions and answers [Q26-Q44]

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Latest CIPS L5M7 Exam questions and answers

PrepAwayTest L5M7 Exam Practice Test Questions (Updated 90 Questions)

CIPS L5M7 Exam Syllabus Topics:

Topic Details
Topic 1
  • Understand Improvement Methodologies that Can Be Used in Supply Chains: This section of the exam measures the skills of Procurement Managers and focuses on the tools and methodologies used to enhance supply chain performance and efficiency. It highlights the principles of total quality management (TQM), including quality assurance and inspection, and their role in ensuring product and process consistency. Candidates must understand how to use statistical methods such as KPIs, data analysis, and Six Sigma to drive continuous improvement. The section also explores lean thinking, agile processes, Just-in-Time (JIT) systems, and the 5S methodology as frameworks for optimizing operations. Furthermore, it covers the application of business process re-engineering (BPR) and benchmarking to evaluate and redesign supply processes for better performance and competitiveness.
Topic 2
  • Understand the Dynamics of Supply Chains: This section of the exam measures the skills of Supply Chain Analysts and covers the foundational understanding of how supply chains operate, interact, and add value to organizations. It examines the differences between supply chains, supply networks, and supply chain management while exploring the concept of supplier tiering and network sourcing. Candidates are expected to understand how effective supply chain management improves quality, reduces costs and lead times, and fosters innovation while mitigating risks. Additionally, this section emphasizes the connection between an organizational infrastructure, culture, and process management in achieving efficient supply chains. It also compares various improvement approaches, including collaborative and competitive models, outsourcing, offshoring, and global procurement.
Topic 3
  • Understand Measures Required to Achieve Competitive Advantage in Supply Chains: This section of the exam measures the skills of Strategic Sourcing Specialists and focuses on achieving and maintaining competitive advantage through strategic supply chain practices. It assesses knowledge of how organizations can leverage cost leadership or differentiation strategies to outperform competitors. Candidates are expected to understand pricing mechanisms such as fixed and variable pricing, open book costing, and risk
  • reward arrangements that drive efficiency and transparency. The section also includes cost reduction techniques like supplier rationalization, value analysis, and negotiation strategies that enhance profitability. Finally, it examines collaborative approaches such as partnership sourcing, building supplier trust, and managing relationship life cycles to ensure long-term strategic advantages within the supply chain.

 

NO.26 George, a property manager, agrees acost-pluspayment with a plumber. Which of the following will he need to know to calculate total price?
Select THREE.

 
 
 
 
 

NO.27 RIDDORstatistics provide information on which of the following?

 
 
 
 

NO.28 According to theKraljic Matrix, suppliers are classified based on which TWO factors?

 
 
 
 

NO.29 Supplier vettingis a form of which type of quality management system?

 
 
 
 

NO.30 Deborah discovers her company uses amulti-sourcing strategy. Which could be a reason for this?

 
 
 
 

NO.31 The effective balancing ofdemand variabilityandinventorythat achieves the optimal time a product passes through the supply chain is known as:

 
 
 
 

NO.32 Which approach to quality involvesmanufacturing only what is required, when it is required?

 
 
 
 

NO.33 Electro Bob is a wholesaler of electrical equipment. One of its customers, RoostyFace, spends very little and is unlikely ever to increase its spend. Whattype of customeris RoostyFace to Electro Bob (Supplier Preferencing Model)?

 
 
 
 

NO.34 To analyse thevalue of inventory held, which data points must be collected? Select TWO.

 
 
 
 

NO.35 Which of the following relationship styles has theleast amount of trust?

 
 
 
 

NO.36 Sandy has been asked to collectprimary dataon manufacturing defects and their effect on profits. She decides to send aquestionnaireto staff. Is this correct?

 
 
 
 

NO.37 A marketplace which is described as a’red ocean’has which of the following characteristics?

 
 
 
 

NO.38 In what way has the increase in the use oftechnologyaffected buyer-supplier relationships?

 
 
 
 

NO.39 What isSix Sigma?

 
 
 
 

NO.40 Which of the following statements aboutsupply chain knowledgeis correct? Select TWO.

 
 
 
 

NO.41 What is theprimary motivationforoffshoring?

 
 
 
 

NO.42 Which of the following is an example ofVariable Pricing?

 
 
 
 

NO.43 Joe is a Supply Chain Manager at a car manufacturer in the UK. He plansrationalisationto streamline processes and save money. Which tactics are forms of rationalisation? Select TWO.

 
 
 
 
 

NO.44 Which of the following is adisadvantageofJust-In-Time (JIT) Manufacturing?

 
 
 
 

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