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[General] New CIPS L5M5 Exam Experience & Latest L5M5 Exam Practice

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【General】 New CIPS L5M5 Exam Experience & Latest L5M5 Exam Practice

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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 (Q18-Q23):NEW QUESTION # 18
Sandra, CEO of a manufacturing firm, is introducing an ESG Policy. Employees may resist this. What is the most likely reason?
  • A. Lower stakeholder returns
  • B. Negative publicity
  • C. ESG policies could signify reduced profits for the company
  • D. This may signify changes in the way the business operates
Answer: D
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
Employee resistance to ESG policies typically arises because they may require changes to existing practices and operations. The L5M5 study guide (p.6) notes that employees often resist change, particularly if it disrupts established ways of working. While reduced profits (A) or stakeholder returns (C) may concern senior executives, they are less relevant to employee resistance. ESG policies usually enhance reputation, not create negative publicity (D). Procurement professionals must manage change carefully by engaging employees and suppliers, ensuring they understand the long-term benefits of ESG practices.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.6

NEW QUESTION # 19
ABC Construction is in a contract with DEF Developers to deliver 40 houses. The contract includes a "Payment is of the Essence" clause. DEF fails to pay for completed work. ABC stops work. Are they allowed to do this?
  • A. Yes - it is a legal requirement to pay construction firms regularly
  • B. No - the contract has not been completed, so ABC must continue working
  • C. No - as long as payment is made eventually, ABC must keep working
  • D. Yes - ABC have the right to stop work as non-payment is a breach of contract
Answer: D
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
The correct answer is Yes, ABC can stop work. The L5M5 study guide (p.189) explains that where a clause states "of the essence," it means the condition is fundamental to the contract. Non-payment under a "Payment is of the Essence" clause is considered a material breach of contract. This allows the injured party (ABC) to terminate the agreement and/or claim damages. In construction contracts, timely payments are essential because they enable contractors to pay subcontractors. Historically, "pay when paid" clauses caused major problems for smaller firms, leading to reforms and the introduction of stricter "essence" clauses to protect them. Thus, DEF Developers' failure to pay entitles ABC to stop work legally.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.189

NEW QUESTION # 20
A company frequently ships high-value goods internationally, and the logistics team identifies a significant risk of financial loss due to potential cargo theft or damage during transit. To mitigate this risk, the company hires an external freight forwarder who provides insurance coverage and assumes full responsibility for the goods while in transit.
What is the most appropriate risk management strategy in this scenario?
  • A. Terminate
  • B. Tolerate
  • C. Transfer
  • D. Treat
Answer: C
Explanation:
Option B- By hiring the external freight forwarder with insurance coverage, the company shifts the responsibility and potential financial loss to a third party. Thus, the correct answer is B.
Incorrect answer:
Option A- "Treat" involves taking action to mitigate the risk internally. For example, the company could implement its own security measures, such as using GPS tracking, enhanced packaging, or employing in-house logistics staff. In this scenario, the company is not mitigating the risk itself but instead transferring the responsibility to the freight forwarder.
Option C- The risk of theft or damage is significant in this scenario, and ignoring it would likely result in substantial financial losses. Hence, tolerating the risk is not a viable strategy.
Option D- Terminating the activity is not practical for the business, as shipping goods internationally is likely critical to operations. Instead, transferring the risk to the freight forwarder is a more reasonable approach.
Reference:
LO-2.1; Page 166; Use of risk mitigation strategies to achieve ESG objectives to secure ethical and sustainable procurement and supply arrangements

NEW QUESTION # 21
Peacock Clothing Manufacturing has a superior IT system compared to competitors. What form of competitive advantage is this?
  • A. Intellectual property (IP)
  • B. Processes
  • C. Culture
  • D. People
Answer: B
Explanation:
Comprehensive and Detailed Explanation From Exact Extract of Documents:
Competitive advantage refers to unique capabilities that give an organisation an edge in the market. The L5M5 study guide (old p.39, new p.63) explains that superior IT systems fall under process advantages, as they directly influence how efficiently orders are taken, materials are managed, and operations are executed. Culture (A) refers to organisational values and behaviours, IP (C) refers to patents or trademarks, and People (D) refers to skills or talent. For procurement, recognising process-driven advantages helps identify supplier strengths and strategic sourcing opportunities.
Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.63

NEW QUESTION # 22
Which of the following is not a fraud risk in a procurement function?
  • A. Phantom suppliers
  • B. Bid rigging
  • C. Accepting presents
  • D. Duplicating payments
Answer: C
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 # 23
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