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[General] L5M5 Valid Exam Forum & Trusted L5M5 Exam Resource

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【General】 L5M5 Valid Exam Forum & Trusted L5M5 Exam Resource

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CIPS L5M5 Exam Syllabus Topics:
TopicDetails
Topic 1
  • 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.
Topic 2
  • 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 3
  • 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.

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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q11-Q16):NEW QUESTION # 11
Which labor standard or framework utilizes National Contact Points to promote compliance and resolve disputes related to responsible business conduct?
  • A. UN Global Compact
  • B. ILO Multinational Enterprises Declaration
  • C. Ethical Trading Initiative (ETI)
  • D. OECD Guidelines for Multinational Enterprises
Answer: D
Explanation:
Option C- OECD Guidelines for Multinational Enterprises (Correct): Uses National Contact Points (NCPs) as a mechanism to promote adherence to the guidelines, provide support, and facilitate dispute resolution in cases of non-compliance.
Incorrect answer:
Option A- UN Global Compact: Does not use National Contact Points; it is a voluntary initiative promoting corporate sustainability principles.
Option B- ILO Multinational Enterprises Declaration: Provides guidance on labor practices but does not include National Contact Points for implementation or dispute resolution.
Option D- Ethical Trading Initiative (ETI): Focuses on ethical supply chain practices and does not involve National Contact Points.
Reference:
LO-3.1; Page 269; Labor codes of conduct: Ethical Trading Initiative (ETI) and Social Accountability International's standard SA8000

NEW QUESTION # 12
How do Fair Trade organisations protect producers of raw materials from poor economic conditions?
  • A. Money is provided to communal funds
  • B. Final products are marketed as Fair Trade
  • C. A standard for working conditions is set
  • D. A minimum price is set for purchase of items
Answer: D
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
Fair Trade organisations protect producers economically by ensuring a minimum price for raw materials, regardless of market fluctuations. The L5M5 study guide (old p.224, new p.303) explains that this stabilises producer incomes against volatile commodity prices, tariffs, or currency risks. While Fair Trade also involves better working conditions and community investment, the primary economic safeguard is the guaranteed minimum price. Procurement professionals should recognise how Fair Trade contributes to supply chain stability and resilience.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.303

NEW QUESTION # 13
McKesson is a leading healthcare company specializing in wholesale medical supplies and equipment, pharmaceutical distribution, and healthcare technology solutions. Recently, public hospitals placed an urgent request for medical supplies. Which of the following is NOT a method for identifying urgent orders?
  • A. Assess supply chain capability
  • B. Identify strategically important customers and leverage goodwill for commercial renegotiations
  • C. Develop a standardized order policy to manage urgent requests, including appropriate cost allocation
  • D. Establish economic order quantities (EOQ) based on profit margins
Answer: D
Explanation:
The correct answer is Option B. A company should establish a minimum order quantity (MOQ) rather than an economic order quantity (EOQ) based on profit margin. MOQ is the minimum order amount set by a supplier or retailer, whereas EOQ determines the optimal order quantity to meet customer demand while minimizing holding and ordering costs.

Reference: LO-1.4; Page 113; Demand Management and the need for urgent orders

NEW QUESTION # 14
Which of the following is not a fraud risk in a procurement function?
  • A. Phantom suppliers
  • B. Bid rigging
  • C. Duplicating payments
  • D. Accepting presents
Answer: D
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
Fraud risks in procurement typically include practices such as bid rigging (collusion to manipulate tenders), phantom suppliers (fake companies created to siphon money), and deliberate duplicate payments (processing false or repeated invoices). However, accepting presents is classified as bribery, not fraud. The L5M5 study guide (old p.139, new p.50) explains that fraud involves intentional deception for personal gain, while bribery relates to improper inducements or gifts. Procurement professionals must distinguish between fraud and bribery because both undermine ethical procurement but require different controls. For example, fraud prevention requires audit trails and segregation of duties, while anti-bribery policies require clear rules on gifts and hospitality.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, old p.139, new p.50

NEW QUESTION # 15
Which term describes the phenomenon where environmental disruptions in the supply chain cause amplified fluctuations in demand or inventory levels as they move upstream?
  • A. Greenwashing
  • B. Fairwashing
  • C. Green Bullwhip Effect
  • D. Bluewashing
Answer: C
Explanation:
sustainability-related disruptions lead to amplified fluctuations in demand or inventory levels throughout the supply chain.
Incorrect answer:
Option A- Greenwashing refers to the practice of companies misleading consumers about the environmental benefits of their products or operations, without making substantial sustainable improvements.
Option B- Bluewashing refers to a company's attempt to improve its reputation by associating itself with the United Nations or other international organizations without genuine commitment to the causes they claim to support.
Option D- Fairwashing refers to companies falsely claiming to support fair trade practices or other ethical standards to improve their public image without implementing those practices authentically.
Reference:
LO-3.2; Page 282; The benefits and challenges of independent standards in securing ESG objectives in ethical and sustainable procurement and supply arrangements

NEW QUESTION # 16
......
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