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L5M5 Exam Introduction & L5M5 Detailed Study Dumps

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L5M5 Exam Introduction & L5M5 Detailed Study Dumps

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CIPS L5M5 Exam Syllabus Topics:
TopicDetails
Topic 1
  • Understand initiatives and standards related to ESG (Environmental, Social, and Governance) that support ethical and sustainable procurement and supply: This section of the exam measures the skills of Procurement Leaders and covers the global frameworks and standards that shape ethical supply practices. It explores international labour standards set by organizations such as the UN and ILO, and labour codes like the Ethical Trading Initiative and SA800. Candidates also examine external environmental frameworks, industry accreditations, and their role in meeting ESG goals. Finally, this section addresses fair trade principles, organizations such as WFTO and Fairtrade International, and the need to align internal governance with global standards.
Topic 2
  • Understand the importance of compliance with ESG (Environmental, Social, and Governance) factors to achieve ethical and sustainable procurement and supply arrangements: This section of the exam measures skills of Supply Chain Specialists and covers methods to ensure compliance with ESG standards in procurement. It includes the use of supply chain mapping, risk management, stakeholder engagement, and contractual terms to secure sustainable practices. Candidates also learn how to monitor supplier performance, handle non-compliance, and utilize third-party auditors to maintain ethical standards. Relationship management strategies, corrective actions, and escalation processes are emphasized as part of ensuring suppliers meet ESG expectations.
Topic 3
  • Understand the impact of ESG (Environmental, Social, and Governance) considerations on ethical and sustainable supply chains: This section of the exam measures the skills of Procurement Managers and covers how ESG principles are applied to secure ethical and sustainable supply chains. It looks at the role of environmental, social, and governance factors in procurement decisions, alongside risks and benefits of ESG adoption. Learners also explore issues such as modern slavery, bribery, and human rights, as well as the importance of diversity, inclusion, and stakeholder management. The section highlights how globalization, culture, and labour practices shape supply strategies and examines potential conflicts that may arise when balancing ESG priorities with business demands.

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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q42-Q47):NEW QUESTION # 42
The Modern Slavery Act (2015) ensures supply chains are free from forced and child labour. Which of the following is a limitation of the Act?
  • A. It is optional to comply with
  • B. There are no repercussions for non-compliance
  • C. It doesn't apply if supply chains are outside the UK
  • D. It only applies to companies with a large turnover
Answer: D
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
The Modern Slavery Act (2015) requires companies with a turnover above £36 million to publish a slavery and human trafficking statement. The L5M5 study guide (p.45) highlights this as a limitation because it excludes smaller businesses, even though they may also operate complex supply chains. The Act applies regardless of where supply chains are located (so A is incorrect), and compliance is mandatory (C is incorrect). Non-compliance can lead to civil proceedings (so D is incorrect). Procurement professionals must be aware of this threshold and ensure compliance in larger organisations.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.45

NEW QUESTION # 43
Mila's Catering Services has committed to paying living wages to its workers as part of its ESG objectives. Which of the following are reasons for this initiative? Select any TWO.
  • A. Creates a positive impact on the society
  • B. Improves long term buyer supplier relationships and makes them sustainable
  • C. Living wage laws can reduce job opportunities for less-skilled workers
  • D. Paying a living wage can be expensive, especially for small businesses with thin profit margins
Answer: A,B
Explanation:
Choice B - Paying living wages improves long term buyer supplier relationships and makes them sustainable thus is good for business. This option is correct.
Choice D- Living wages workers are working individuals who can actively take part in the local economy and boost local businesses. This therefore motivates business leaders and employees who want their company to make a positive impact on the society. This is also the correct answer.
Choice A - The imposition of living wages reduces job opportunities for the very families they are intended to help. When wages are legislated by government above those that would result in a competitive market, employers respond by reducing the number of workers they employ and/or the number of hours their employees work. That means living wage laws lead to higher unemployment for low-skilled workers and reduce opportunities for those entering the workforce to gain valuable skills and work experience. This is a downside of living wage and not a reason to take the initiative.
Choice C -Considering cost, paying a living wage can be expensive, especially for small businesses with thin profit margins thus is not a reason to undertake the initiative.
Reference:
LO-1.3; Page 92-93; Wages and social security arrangements

NEW QUESTION # 44
Which of the following form the 'Triple Bottom Line'? Select THREE
  • A. Placement
  • B. Profit
  • C. Product
  • D. People
  • E. Planet
Answer: B,D,E
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
The concept of the Triple Bottom Line (TBL), also referred to as the "3Ps," is a framework that assesses organisational success through People, Planet, and Profit. These dimensions highlight the balance between social equity (people), environmental stewardship (planet), and economic performance (profit). According to the CIPS L5M5 study guide (p.3), procurement and supply professionals are expected to incorporate sustainability into decision-making processes, ensuring that business practices do not only create economic value but also deliver positive social and environmental impacts. "Product" and "Placement" are not part of the TBL model, as they are marketing-related concepts, not sustainability measures. This principle ensures procurement strategies align with corporate responsibility and long-term sustainable growth.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.3

NEW QUESTION # 45
Patrick, a Category Manager, is procuring a high-cost item with many suppliers available and low switching costs. According to the Kraljic Matrix, what type of supplier is this?
  • A. Leverage
  • B. Strategic
  • C. Bottleneck
  • D. Routine
Answer: A
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
In the Kraljic Matrix, leverage items are high value but have many suppliers and low switching costs. The L5M5 study guide (old p.108, new p.154) explains that buyers have strong negotiation power in leverage situations and can achieve cost savings without high risk. Bottleneck items (B) are low-value but high-risk due to limited suppliers, routine items (C) are low-value and low-risk, and strategic items (D) are high-value and high-risk. Procurement professionals must use leverage strategically to maximise value.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.154

NEW QUESTION # 46
Supply Chain Operations Reference (SCOR) is a model of supply chain mapping used by many procurement professionals. Which of the following are advantages of SCOR? Select TWO
  • A. It ensures costs remain low
  • B. It can be used across different industries
  • C. It can improve and communicate organisational decisions
  • D. It can relate to both internal and external factors
Answer: B,C
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
The Supply Chain Operations Reference (SCOR) model is a widely adopted framework for analysing and improving supply chain performance. According to the L5M5 study guide (p.149), advantages of SCOR include its universality across industries (A) and its ability to improve and communicate organisational decisions (C) by providing a common language and structure for supply chain processes. A limitation of SCOR is that it focuses primarily on internal processes and does not adequately capture wider external environmental or social factors (making option B incorrect). While SCOR can help identify cost-saving opportunities, it does not guarantee low costs (D). For procurement professionals, SCOR is an important tool for benchmarking performance and driving improvements in ethical supply chain management.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.149

NEW QUESTION # 47
......
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