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[General] CIPS L5M7 PDF Dumps Format - Easy To Use

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【General】 CIPS L5M7 PDF Dumps Format - Easy To Use

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CIPS L5M7 Exam Syllabus Topics:
TopicDetails
Topic 1
  • Understand Measures Required to Achieve Competitive Advantage in Supply Chains: This section of the exam measures the skills of Strategic Sourcing Specialists and focuses on achieving and maintaining competitive advantage through strategic supply chain practices. It assesses knowledge of how organizations can leverage cost leadership or differentiation strategies to outperform competitors. Candidates are expected to understand pricing mechanisms such as fixed and variable pricing, open book costing, and risk
  • reward arrangements that drive efficiency and transparency. The section also includes cost reduction techniques like supplier rationalization, value analysis, and negotiation strategies that enhance profitability. Finally, it examines collaborative approaches such as partnership sourcing, building supplier trust, and managing relationship life cycles to ensure long-term strategic advantages within the supply chain.
Topic 2
  • Understand Improvement Methodologies that Can Be Used in Supply Chains: This section of the exam measures the skills of Procurement Managers and focuses on the tools and methodologies used to enhance supply chain performance and efficiency. It highlights the principles of total quality management (TQM), including quality assurance and inspection, and their role in ensuring product and process consistency. Candidates must understand how to use statistical methods such as KPIs, data analysis, and Six Sigma to drive continuous improvement. The section also explores lean thinking, agile processes, Just-in-Time (JIT) systems, and the 5S methodology as frameworks for optimizing operations. Furthermore, it covers the application of business process re-engineering (BPR) and benchmarking to evaluate and redesign supply processes for better performance and competitiveness.
Topic 3
  • Understand the Dynamics of Supply Chains: This section of the exam measures the skills of Supply Chain Analysts and covers the foundational understanding of how supply chains operate, interact, and add value to organizations. It examines the differences between supply chains, supply networks, and supply chain management while exploring the concept of supplier tiering and network sourcing. Candidates are expected to understand how effective supply chain management improves quality, reduces costs and lead times, and fosters innovation while mitigating risks. Additionally, this section emphasizes the connection between an organizational infrastructure, culture, and process management in achieving efficient supply chains. It also compares various improvement approaches, including collaborative and competitive models, outsourcing, offshoring, and global procurement.

CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions (Q50-Q55):NEW QUESTION # 50
Why would a company use aProcess Mapping Technique? Select TWO.
  • A. To identify where waste and inefficiency exist
  • B. To establish what is currently happening and why
  • C. To assist with budgeting
  • D. To increase market share
Answer: A,B
Explanation:
Process mappingvisually defineshow processes operate, revealinginefficiencies, duplication, and waste, and clarifies thecurrent process flow and responsibilities.
Short cited term: "identifies inefficiencies and highlights process waste" (L5M7 Study Guide, p. 73).
Reference:CIPS L5M7 Study Guide, p. 73.

NEW QUESTION # 51
Which of the following is adisadvantageofJust-In-Time (JIT) Manufacturing?
  • A. There is less waste produced
  • B. It is expensive to implement
  • C. You cannot obtain economies of scale
  • D. Inventories are wasteful and expensive
Answer: C
Explanation:
JIT removes stockholding benefits, meaning firmslose economies of scalefrom bulk ordering. Each order is small and frequent.
Short cited term: "JIT limits bulk economies due to reduced inventory." (L5M7 Study Guide, p. 159) Reference:CIPS L5M7 Study Guide, p. 159.

NEW QUESTION # 52
Tom, a Procurement Manager, is initiating aSupplier Rationalisationproject. What should he completefirstto direct the project?
  • A. Introduce Six Sigma
  • B. Perform Spend Analysis
  • C. Conduct SWOT Analysis
  • D. Implement Total Quality Management
Answer: B
Explanation:
ASpend Analysisidentifies where money is spent and with which suppliers-vital to determine consolidation opportunities before rationalising the base.
Short cited term: "spend analysis precedes supplier rationalisation." (L5M7 Study Guide, p. 203) Reference:CIPS L5M7 Study Guide, p. 203.

NEW QUESTION # 53
For items viewed asStrategic/Critical(high supply risk and high value), which sourcing strategy is best?
  • A. Partnership or alliance approach
  • B. Outsourcing
  • C. Competitive bidding
  • D. Arm's-length relationship with supplier
Answer: A
Explanation:
TheKraljic Matrixrecommendspartnership/alliancesfor strategic items to secure continuity, innovation, and joint value creation. Short cited term: "strategic items ... partnership" (L5M7 Study Guide, p.84).
Reference:CIPS L5M7 Study Guide, p.84.

NEW QUESTION # 54
The effective balancing ofdemand variabilityandinventorythat achieves the optimal time a product passes through the supply chain is known as:
  • A. Lean Manufacturing
  • B. Just-in-Time
  • C. The Theory of Swift, Even Flow
  • D. Cycle Time
Answer: C
Explanation:
TheTheory of Swift Even Flowstates that organisational efficiency improves as the flow of materials, information, and cash becomessmooth and consistentthrough the chain.
Short cited term: "balancing demand and inventory to achieve swift, even flow." (L5M7 Study Guide, p. 37) Reference:CIPS L5M7 Study Guide, p. 37.

NEW QUESTION # 55
......
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