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Detail L5M7 Explanation, L5M7 Exam Practice

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Detail L5M7 Explanation, L5M7 Exam Practice

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CIPS L5M7 Exam Syllabus Topics:
TopicDetails
Topic 1
  • 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.
Topic 2
  • 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 3
  • 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.

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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions (Q13-Q18):NEW QUESTION # 13
When analysing a series of data, the number which occurs most frequently is known as what?
  • A. Mean
  • B. Median
  • C. Average
  • D. Mode
Answer: D
Explanation:
TheModeis the value thatappears most oftenin a dataset, distinguishing it from themean(average) and median(middle value).
Short cited term: "mode = most frequent value." (L5M7 Study Guide, p. 149) Reference:CIPS L5M7 Study Guide, p. 149.

NEW QUESTION # 14
Within the supply chain, which of the following isnot considered a 'flow'?
  • A. Financial flow
  • B. Information flow
  • C. Materials flow
  • D. Decision flow
Answer: D
Explanation:
Supply chains are characterised bythree primary flows- materials, information, and finance. "Decision flow" is not a recognised category.
Short cited term: "three main flows: material, information, finance." (L5M7 Study Guide, p. 155) Reference:CIPS L5M7 Study Guide, p. 155.

NEW QUESTION # 15
RIDDORstatistics provide information on which of the following?
  • A. Health and safety
  • B. Financial standing
  • C. Conformance with specification
  • D. Speed of production
Answer: A
Explanation:
RIDDOR(Reporting of Injuries, Diseases and Dangerous Occurrences Regulations) relates tohealth and safetyperformance measurement-tracking workplace incidents and compliance.
Short cited extract: "RIDDOR statistics relate to health and safety reporting." (L5M7 Study Guide, p.141) Reference:CIPS L5M7 Study Guide, p.141.

NEW QUESTION # 16
Which of the following attributes doesnotimpact the type of buyer-supplier relationship?
  • A. Duration of relationship
  • B. Level of trust
  • C. Communication
  • D. Finance
Answer: D
Explanation:
The main relationship drivers aretrust, communication, duration, and problem-solving. Finance alone does not define the relationship type.
Short cited extract: "Key relational attributes: trust, communication, duration, joint problem-solving." (L5M7 Study Guide, p. 80) Reference:CIPS L5M7 Study Guide, p. 80.

NEW QUESTION # 17
Which of the following is an example ofexceedingcustomers' expectations? Select TWO.
  • A. Providing the item desired in a different colour
  • B. Providing a free gift when a purchase is made
  • C. The price is lower than the customer expected to pay
  • D. A customer orders an item online and it is delivered on the expected day
Answer: B,C
Explanation:
Meeting expectations (B) is not exceeding them. Exceeding is demonstrated byunexpected extra valuesuch as lower-than-expected priceora free add-on. Short extract: "exceeding expectations-delighting customers with additional/unexpected value." (L5M7 Study Guide, p.121) Reference5M7 Study Guide, p.121.

NEW QUESTION # 18
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