Halloween Sale Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: merry71

Free Achieving Competitive Advantage Through the Supply Chain (L5M7) Practice Questions

Question # 1

A supply chain that has evolved to includemultiple layers of interdependenceon members both upstream and downstream is commonly known as what?

Options:

A.  

A Supply Network

B.  

A Supply Net

C.  

A Supply Web

D.  

A Supply Stream

Discussion 0
Question # 2

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

Options:

A.  

Fixed Pricing

B.  

Variable Pricing

C.  

Cost-Plus Pricing

D.  

Competitive Pricing

Discussion 0
Question # 3

In a confectionery factory, quality inspection occurs before packaging. If a product is found defective, which type ofcost of qualityis incurred?

Options:

A.  

Internal failure cost

B.  

External failure cost

C.  

Prevention cost

D.  

Appraisal cost

Discussion 0
Question # 4

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

Options:

A.  

Quality Assurance

B.  

Agile Working

C.  

Lean

D.  

Total Quality Management

Discussion 0
Question # 5

Which of the following isnota characteristic ofQuality Managementfound inISO 9001?

Options:

A.  

Customer focus

B.  

Involvement of people

C.  

Continuous Improvement

D.  

Protection of the environment

Discussion 0
Question # 6

In supply-chain management, isculturea relevant consideration?

Options:

A.  

Yes – understanding culture helps achieve collaboration between organisations

B.  

Yes – culture determines whether you wish to work with a supplier or not

C.  

No – it does not matter what the culture of the supply chain is

D.  

No – culture is impossible to define and should not be a consideration

Discussion 0
Question # 7

Normal distributionforms what shape on a graph?

Options:

A.  

Horizontal line

B.  

Vertical line

C.  

Bell curve

D.  

Circle

Discussion 0
Question # 8

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

Options:

A.  

Pareto Principle

B.  

Bullwhip Effect

C.  

Supply and Demand

D.  

Amplification Concept

Discussion 0
Question # 9

In a typical supply chain, in which direction doesvalue-addtravel?

Options:

A.  

From the customer to the distributor

B.  

From the first supplier to the customer

C.  

From the OEM to the retailer

D.  

From the retailer to the supplier

Discussion 0
Question # 10

Which of the following is an example ofexceedingcustomers’ expectations? Select TWO.

Options:

A.  

Providing the item desired in a different colour

B.  

A customer orders an item online and it is delivered on the expected day

C.  

The price is lower than the customer expected to pay

D.  

Providing a free gift when a purchase is made

Discussion 0

L5M7 PDF

L5M7 PDF (Printable)
$46.5
$154.99

L5M7 Testing Engine

L5M7 PDF (Printable)
$51
$169.99

L5M7 PDF + Testing Engine

L5M7 PDF (Printable)
$63.9
$212.99
Exams4sure Dumps

Exam style questions across every L5M7 domain

Last Update 4 days ago
Total Questions : 88

Start with our free L5M7 practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real CIPS Level 5 Advanced Diploma in Procurement and Supply exam. Each L5M7 exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your CIPS weak domains, see where you're losing marks, and build a focused study plan in minutes.

Free Exams Sample Questions