CIPS L5M7 : Achieving Competitive Advantage Through the Supply Chain (L5M7)

CIPS L5M7 Exam Syllabus Topics:

Reference: https://www.cips.org/qualifications/advanced-diploma-in-procurement-supply/achieving-competitive-advantage-through-the-supply-chain

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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions:

Question #1
InSix Sigma, aBlack Beltis the highest level that can be achieved. Is this correct?

A. Yes - a Black Belt implements Six Sigma full-time
B. No - there are higher levels such as Master Black Belt and Champion
C. No - Green Belt is the highest
D. Yes - a Black Belt trains project teams

Question #2
Six Sigmais only suitable for the manufacturing industry. Is this correct?

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

Question #3
ABC produces electronics in a highly competitive, fast-changing market. Which supply chain strategy should ABC employ?

A. Responsive
B. Agile
C. Lean
D. Just-in-Time

Question #4
A strategy in which an organisation concentrates its resources on anarrow market or industry segmentis which ofPorter's Generic Strategies?

A. Cost Leadership
B. Differentiation
C. Cost Certainty
D. Focus

Question #5
Jerry works in product development at a clothing manufacturer. The company is discussing ways of adding value for customers. Jerry suggestsreducing pricescould be a form of added value. Is he correct?

A. Yes - this will increase the company's profit margin.
B. Yes - this is a form of added value but requires the ability of the supply chain to reduce costs.
C. No - added value is only a form of innovation.
D. No - as the customer is not offered anything additional to their purchase.

Solutions: