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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) - L5M7 Exam Practice Test

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Total 90 questions

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Question 1

Electro Bob is a wholesaler of electrical equipment. One of its customers, RoostyFace, spends very little and is unlikely ever to increase its spend. Whattype of customeris RoostyFace to Electro Bob (Supplier Preferencing Model)?

A. Exploitative B. Annoying C. Nuisance D. Core

Correct Answer: C

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Question 2

What doesISO 9001refer to?

A. Risk management B. Supply chain management C. Quality management D. Environment management

Correct Answer: C

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Question 3

To analyse thevalue of inventory held, which data points must be collected? Select TWO.

A. Number of items held in storage B. Number of items sold C. Purchase price D. Expiry date

Correct Answer: A,C

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Question 4

Which of the following can have adetrimental effecton supply-chain relationships?Select TWO.

A. Low spend B. Lack of feedback C. Market segment D. Mistrust

Correct Answer: B,D

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Question 5

Which of the following relationship styles is theleast collaborative?

A. Outsourced B. Arm's-length C. Strategic alliance D. Transactional

Correct Answer: B

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Question 6

An organisation can leverage effective Supply Chain Management to deliverCompetitive Advantage. What is meant byCompetitive Advantage?

A. Outperforming competitors financially B. Becoming the leader in the marketplace through working closely with the supply chain C. Cost savings by narrowing the supply chain D. A benefit that an organisation can use to outperform competitors in the marketplace

Correct Answer: D

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Question 7

Long runs, stable product design, and inventory buffers are objectives of which business function?

A. Sourcing B. Manufacturing C. Sales D. Logistics

Correct Answer: B

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Question 8

In what way has the increase in the use oftechnologyaffected buyer-supplier relationships?

A. It has reduced the bargaining power of suppliers as buyers now have access to a wider pool of suppliers and product information. B. It has increased the bargaining power of suppliers as they can provide faster quotations. C. It has increased the bargaining power of buyers because technology has increased operational costs. D. It has reduced the bargaining power of buyers because there are fewer suppliers.

Correct Answer: A

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Question 9

Six Sigmais only suitable for the manufacturing industry. Is this correct?

A. Yes - it reduces defects in the supply chain B. No - it can be used across all industries and delivers bottom-line savings C. No - it's not suitable for manufacturing D. Yes - it's an excellent way to reduce costs

Correct Answer: B

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Total 90 questions

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