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CIPS L5M7 Exam Overview:
| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Achieving Competitive Advantage Through the Supply Chain |
| Exam Number: | L5M7 |
| Exam Price: | £165.00 |
| Real Exam Qty: | 60 |
| Certificate Validity Period: | N/A |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Exam Format: | Objective Response (OR) |
| Passing Score: | 50% |
| Related Certifications: | CIPS Level 5 Advanced Diploma in Procurement and Supply |
| Sample Questions: | ![]() |
| Exam Way: | Online or at a CIPS exam centre |
| Pre Condition: | Candidates should have achieved the CIPS Level 4 Diploma in Procurement and Supply or equivalent. |
| Official Syllabus URL: | https://www.cips.org/students/level-5-advanced-diploma |
CIPS L5M7 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Understand improvement methodologies that can be used in supply chains | - Analyse the principles of total quality management (TQM) and continuous improvement (Kaizen) - Evaluate the use of six sigma and statistical process control (SPC) in supply chains - Evaluate the principles and practices of lean and agile supply chains |
| Topic 2: Understand the dynamics of supply chains | - Analyse the concept of supply chain dynamics and the impact of the ‘bullwhip effect’ - Analyse the impact of supply chain volatility, uncertainty, complexity and ambiguity (VUCA) - Evaluate the role of information technology in supporting supply chain operations |
| Topic 3: Understand measures required to achieve competitive advantage in supply chains | - Analyse the role of procurement and supply in achieving competitive advantage - Analyse the importance of sustainable and ethical supply chains for competitive advantage - Evaluate the impact of supplier relationship management on competitive advantage |
CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Questions Answered by PassCollection
- Understand the dynamics of supply chains ()
- Understand measures required to achieve competitive advantage in supply chains ()
- Understand improvement methodologies that can be used in supply chains ()
CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions:
ACost Leaderis able to lower the price of an item or material within the marketplace. Is this true?
- A. No - a cost leader has no influence on market price
- B. Yes - they set a price standard as well as lowering prices
- C. Yes - they are able to lower prices but not increase them
- D. No - a cost leader holds the largest market share and never reduces prices
Correct Answer: B 🗳️
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What are some disadvantages to a multi-sourcing strategy in a supply chain? Select TWO.
- A. Relationships are more transactional
- B. Inconsistency in quality
- C. Less dependency on one supplier
- D. Possibility of having surplus stock
Correct Answer: B,D 🗳️
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ABC produces electronics in a highly competitive, fast-changing market. Which supply chain strategy should ABC employ?
- A. Just-in-Time
- B. Lean
- C. Agile
- D. Responsive
Correct Answer: C 🗳️
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Which is the correct order that ensures quality is achieved in a business process?
- A. Plan, Check, Do, Act
- B. Check, Act, Plan, Do
- C. Plan, Do, Check, Act
- D. Check, Do, Act, Plan
Correct Answer: C 🗳️
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Kerry is a new department manager at XYZ Ltd. The company has several manufacturing divisions that serve different market segments. She is considering introducingTotal Quality Management (TQM)only in her division. Is this a good idea?
- A. No - TQM is a holistic approach and should be implemented company-wide
- B. Yes - staff will respond positively to the change
- C. No - TQM is not suitable in a manufacturing company
- D. Yes - TQM will ensure her division outperforms the other divisions
Correct Answer: A 🗳️
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