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CIPS Updated L5M7 Exam Questions and Answers by ares

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CIPS L5M7 Exam Overview :

Exam Name: Achieving Competitive Advantage Through the Supply Chain (L5M7)
Exam Code: L5M7 Dumps
Vendor: CIPS Certification: CIPS Level 5 Advanced Diploma in Procurement and Supply
Questions: 88 Q&A's Shared By: ares
Question 16

Which of the following is an example of aclosed-loopsupply chain?

Options:

A.

A farm supplying milk to a dairy manufacturer

B.

The extraction of diamonds from a mine sold to a jewellery manufacturer

C.

The sale of second-hand cars at a retail outlet

D.

A retailer which accepts old phones to be given back to the manufacturer

Discussion
Question 17

Which of the following departments within an organisation form part of theValue Chain?

Select THREE.

Options:

A.

Logistics

B.

Operations

C.

Marketing

D.

Procurement

E.

Human Resources

Discussion
Question 18

George, a property manager, agrees acost-pluspayment with a plumber. Which of the following will he need to know to calculate total price?

Select THREE.

Options:

A.

Cost of materials

B.

Cost of labour

C.

Supplier’s overhead and profit

D.

Supplier’s tax rate

E.

Supplier’s pension contribution

Discussion
Question 19

Which of the following attributes doesnotimpact the type of buyer–supplier relationship?

Options:

A.

Finance

B.

Duration of relationship

C.

Level of trust

D.

Communication

Discussion
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