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CIPS L5M7 Exam Syllabus Topics:
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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions:
An organisation can leverage effective Supply Chain Management to deliverCompetitive Advantage. What is meant byCompetitive Advantage?
- A. Cost savings by narrowing the supply chain
- B. A benefit that an organisation can use to outperform competitors in the marketplace
- C. Outperforming competitors financially
- D. Becoming the leader in the marketplace through working closely with the supply chain
Correct Answer: B 🗳️
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In what way has the increase in the use oftechnologyaffected buyer-supplier relationships?
- A. It has reduced the bargaining power of buyers because there are fewer suppliers.
- B. It has reduced the bargaining power of suppliers as buyers now have access to a wider pool of suppliers and product information.
- C. It has increased the bargaining power of suppliers as they can provide faster quotations.
- D. It has increased the bargaining power of buyers because technology has increased operational costs.
Correct Answer: B 🗳️
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In a typicalSupply Chain Quality Framework (SCQF), which of the following characteristics is likely to feature?
Select THREE.
- A. Marketing
- B. Sustainability
- C. Information
- D. Procurement
- E. Continuous Improvement
Correct Answer: B,C,E 🗳️
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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. Yes - a Black Belt trains project teams
- C. No - Green Belt is the highest
- D. No - there are higher levels such as Master Black Belt and Champion
Correct Answer: D 🗳️
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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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