Pre-Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 65pass65

L5M2 Managing Supply Chain Risk is now Stable and With Pass Result | Test Your Knowledge for Free

Exams4sure Dumps

L5M2 Practice Questions

Managing Supply Chain Risk

Last Update 3 hours ago
Total Questions : 120

Dive into our fully updated and stable L5M2 practice test platform, featuring all the latest CIPS Level 5 Advanced Diploma in Procurement and Supply exam questions added this week. Our preparation tool is more than just a CIPS study aid; it's a strategic advantage.

Our free CIPS Level 5 Advanced Diploma in Procurement and Supply practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about L5M2. Use this test to pinpoint which areas you need to focus your study on.

L5M2 PDF

L5M2 PDF (Printable)
$43.75
$124.99

L5M2 Testing Engine

L5M2 PDF (Printable)
$50.75
$144.99

L5M2 PDF + Testing Engine

L5M2 PDF (Printable)
$63.7
$181.99
Question # 11

Which of the following is not a benefit of having a contingency plan?

Options:

A.  

competitive advantage

B.  

increased staff morale

C.  

greater resilience to force majeure events

D.  

increased profits

Discussion 0
Question # 12

In an organisation, who is responsible for creating a risk assessment register?

Options:

A.  

the CEO

B.  

Procurement Manager

C.  

Risk Manager / H+S Manager

D.  

Cross-Functional Team

Discussion 0
Question # 13

Which of the following statements are true about risk management? Select TWO.

Options:

A.  

the goal of risk management is to reduce risks to 0

B.  

risk management is a continuous process

C.  

risk management is an activity that is conducted by a business once a year

D.  

risk management can help companies ensure the smooth and successful running of purchase and supply operations

E.  

risk management is the process by which all risks are either treated or transferred

Discussion 0
Question # 14

Kieran works in the manufacturing industry and his company have just implemented LEAN production processes. Will this increase or decrease the risks in relation to security of supply?

Options:

A.  

increase security of supply risks as this is a tried and tested risk reducing process

B.  

increase security of supply risks as there is less buffer stock held on site

C.  

decrease security of supply risks as there will be increased efficiencies

D.  

decrease security of supply risks as there is less buffer stock

Discussion 0
Question # 15

When would a company use the Stakeholder Salience Model?

Options:

A.  

to engage stakeholders in the development of risk assessments

B.  

to inform stakeholders of potential risks

C.  

to show stakeholders how the company will mitigate risks

D.  

as part of a disaster recovery plan

Discussion 0
Question # 16

Envy Manufacturing has several factories located in countries with poor reputations for human rights. It is concerned about potential risks of child labour being used within the supply chain. Envy Manufacturing has therefore decided to enlist the support of a third party auditing company to audit its factories. How should these audits be conducted? Select TWO

Options:

A.  

organised well in advance to allow the factory managers to prepare for the audit

B.  

conduct on the spot visits with no warning

C.  

conduct group interviews with workers to ensure that all voices are heard

D.  

conduct private meetings with a selection of workers

Discussion 0
Question # 17

Neruda Incorporated is evaluating potential suppliers' financial standings as part of a tender. Which of the following companies is the most financially stable?

Options:

A.  

Company A has a high gearing ratio, high liquidity and few fixed assets

B.  

Company B has low liquidity, a high gearing ratio and increasing sales trends

C.  

Company C has low liquidity, low gearing and increasing sales trend

D.  

Company D has high liquidity, low gearing and lots of fixed assets

Discussion 0
Question # 18

Which of the following will you put into box 4?

Options:

A.  

tolerate

B.  

transfer

C.  

treat

D.  

terminate

Discussion 0
Get L5M2 dumps and pass your exam in 24 hours!

Free Exams Sample Questions