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CIPS L5M7 Exam Overview:
| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | Achieving Competitive Advantage Through the Supply Chain |
| Exam Number: | L5M7 |
| Available Languages: | English |
| Exam Price: | £165.00 |
| Exam Format: | Objective Response (OR) |
| Real Exam Qty: | 60 |
| Exam Duration: | 90 minutes |
| Related Certifications: | CIPS Level 5 Advanced Diploma in Procurement and Supply |
| Passing Score: | 50% |
| Certificate Validity Period: | N/A |
| Sample Questions: | DOWNLOAD DEMO |
| 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 measures required to achieve competitive advantage in supply chains | - Evaluate the impact of supplier relationship management on competitive advantage - Analyse the importance of sustainable and ethical supply chains for competitive advantage - Analyse the role of procurement and supply in achieving competitive advantage |
| Topic 3: Understand the dynamics of supply chains | - Analyse the impact of supply chain volatility, uncertainty, complexity and ambiguity (VUCA) - Evaluate the role of information technology in supporting supply chain operations - Analyse the concept of supply chain dynamics and the impact of the ‘bullwhip effect’ |
CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Prep: Three Versions, One Verified Bank
- Understand the dynamics of supply chains ()
- Understand improvement methodologies that can be used in supply chains ()
- Understand measures required to achieve competitive advantage in supply chains ()
CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions:
Normal distributionforms what shape on a graph?
- A. Vertical line
- B. Bell curve
- C. Horizontal line
- D. Circle
Correct Answer: B 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
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.
- A. Supplier's pension contribution
- B. Cost of materials
- C. Cost of labour
- D. Supplier's overhead and profit
- E. Supplier's tax rate
Correct Answer: B,C,D 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
Why would a company use aProcess Mapping Technique? Select TWO.
- A. To identify where waste and inefficiency exist
- B. To increase market share
- C. To establish what is currently happening and why
- D. To assist with budgeting
Correct Answer: A,C 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
Tom, a Procurement Manager, is initiating aSupplier Rationalisationproject. What should he completefirstto direct the project?
- A. Introduce Six Sigma
- B. Conduct SWOT Analysis
- C. Implement Total Quality Management
- D. Perform Spend Analysis
Correct Answer: D 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
A supply chain that has evolved to includemultiple layers of interdependenceon members both upstream and downstream is commonly known as what?
- A. A Supply Network
- B. A Supply Net
- C. A Supply Stream
- D. A Supply Web
Correct Answer: A 🗳️
Explanation: Only visible for Lead1Pass members. You can sign-up / login (it's free).
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