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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions (Q47-Q52):

NEW QUESTION # 47
What doesISO 9001refer to?

A. Environment management
B. Quality management
C. Supply chain management
D. Risk management

Answer: B

Explanation:
ISO 9001sets the framework forquality management systems(QMS), based on principles such as customer focus, leadership, and improvement. Short extract: "ISO 9001-quality management." (L5M7 Study Guide, p.122) Reference:L5M7 Study Guide, p.122.

NEW QUESTION # 48
A pricing approach in which avalue pointis decided upon and maintained for aprescribed periodis known as what?

A. Competitive Pricing
B. Variable Pricing
C. Cost-Plus Pricing
D. Fixed Pricing

Answer: D

Explanation:
Fixed pricingmaintains aconstant pricefor a defined period regardless of market changes, providing stability for both buyer and supplier.
Short cited extract: "Fixed pricing - price remains constant for an agreed duration." (L5M7 Study Guide, p.
188)
Reference:CIPS L5M7 Study Guide, p.188.

NEW QUESTION # 49
When would you use aFishbone (Ishikawa) Diagram?

A. To identify the cause of a problem
B. To decide which supplier to use
C. To map issues in the supply chain
D. To clarify a relationship

Answer: A

Explanation:
AFishbone Diagramidentifiesroot causesof problems by categorising factors (e.g., people, process, materials, environment).
Short cited term: "used to identify root causes of problems." (L5M7 Study Guide, p. 126) Reference:CIPS L5M7 Study Guide, p. 126.

NEW QUESTION # 50
Which type of relationship seeksgreater commitment and preferential treatmentthrough exclusivity?

A. Partnership
B. Single-sourcing
C. Outsourcing
D. Adversarial

Answer: B

Explanation:
Single-sourcingbuildsexclusive, strategic relationshipswith one supplier to secure priority service and joint improvement opportunities.
Short cited extract: "Single-sourcing - exclusivity to gain stronger commitment and collaboration." (L5M7 Study Guide, p. 81) Reference:CIPS L5M7 Study Guide, p. 81.

NEW QUESTION # 51
For which of the following supply examples istrustin the supplierleast important?

A. A bottleneck item critical to production
B. A non-critical item with low supply risk
C. A strategic item with high supply risk
D. A leverage item with high profit impact

Answer: B

Explanation:
Non-critical itemsinvolve low value and low risk, usually managed viatransactional or arm's-length relationships where trust plays a minor role.
Short cited term: "non-critical = low trust required." (L5M7 Study Guide, p. 221) Reference:CIPS L5M7 Study Guide, p. 221.

NEW QUESTION # 52
......

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L5M7 braindumps pdf, CIPS L5M7 exam cram

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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions (Q47-Q52):

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