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CIPS Level 5 Advanced Diploma in Procurement and Supply Category Management

Category Management

Last Update Jun 21, 2026
Total Questions : 92

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Questions 2

SIC codes are sets of four-digit codes used to classify what?

Options:

A.  

Business departments

B.  

Spend categories

C.  

Countries

D.  

Industries

Discussion 0
Questions 3

In a marketplace where there is a large number of suppliers, which of the following is true?

Options:

A.  

There is low rivalry

B.  

There is a low barrier to entry

C.  

Buyer power is strong

D.  

Buyer power is weak

Discussion 0
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Questions 4

Caleb is completing a risk assessment on his supply chain using a matrix categorising risks on a scale of 1–5. He identifies one risk with a score of 2. Which category of risk would this fall into?

Options:

A.  

Major

B.  

Main

C.  

Moderate

D.  

Minor

Discussion 0
Questions 5

Tulipa Ltd is a manufacturer of vegan frozen food. It saw significant market growth for three years, but in the last two years market share has remained stable despite no new entrants. Which stage in the lifecycle is the vegan frozen food market?

Options:

A.  

Birth

B.  

Growth

C.  

Maturity

D.  

Decline

Discussion 0

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