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Good News !!! L5M7 Achieving Competitive Advantage Through the Supply Chain (L5M7) is now Stable and With Pass Result

L5M7 Practice Exam Questions and Answers

Achieving Competitive Advantage Through the Supply Chain (L5M7)

Last Update 1 day ago
Total Questions : 88

CIPS Level 5 Advanced Diploma in Procurement and Supply is stable now with all latest exam questions are added 1 day ago. Incorporating L5M7 practice exam questions into your study plan is more than just a preparation strategy.

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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
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