CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) : L5M7

CIPS L5M7 Exam Syllabus Topics:

Reference: https://www.cips.org/qualifications/advanced-diploma-in-procurement-supply/achieving-competitive-advantage-through-the-supply-chain

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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions:

Question #1
In a typicalSupply Chain Quality Framework (SCQF), which of the following characteristics is likely to feature?
Select THREE.

A. Information
B. Continuous Improvement
C. Marketing
D. Sustainability
E. Procurement

Question #2
Trust is a dynamic concept required in partnership relationships. Which of the following are part of thefive trust componentsimportant in supply chains?

A. Loyalty
B. Integrity
C. Power
D. Competence
E. Charm

Question #3
What is the name of the phenomenon in which a small change in consumer demand can have an amplified effect throughout the supply chain?

A. Bullwhip Effect
B. Pareto Principle
C. Supply and Demand
D. Amplification Concept

Question #4
Just-in-Time (JIT)manufacturing is a form of which organisational strategy?

A. Differentiation
B. Business Process Re-engineering
C. Lean
D. Cost Leadership

Question #5
RIDDORstatistics provide information on which of the following?

A. Financial standing
B. Health and safety
C. Conformance with specification
D. Speed of production

Solutions: