Practice L5M7 Exam Online

Question 1

ABC produces electronics and operates in a highly competitive industry in which new products are launched frequently. ABC has to be on top of new fashions and trends and be able to produce new, innovative forms of electronics in order to survive in the marketplace. Which of the following supply chain strategies should ABC employ?

A : Lean

B : Just in Time

C : Responsive

D : Agile

Answer: D

Question 2

2021-12-20-15-55-10-0cb412434c866aeb99b2685dd16a87e0

Which of the following will you put into box 6?

A : outsource

B : strategic alliance

C : retain

D : eliminate

Answer: B

Question 3

Which of the following is an example of a closed-loop supply chain?

A : A farm supplying milk to a diary manufacturer

B :

The extraction of diamonds from a mine which are 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

Answer: D

Question 4

What is the primary motivation for offshoring?

A : cheaper holidays

B : exploit other countries' resources

C : cut costs

D : improve cultural competence

Answer: C

Question 5

Six-Sigma is only suitable to the manufacturing industry. Is this correct?

A :

yes- this reduces defects in the supply chain

B : yes- it is an excellent way of reducing costs

C : no- six sigma can be used across all industries and enables bottom-line savings

D : no- six sigma is not suitable for the manufacturing industry

Answer: C

Name:	ELECTIVE Achieving Competitive Advantage Through the Supply Chain
Exam Code:	L5M7
Certification:	Level 5 Advanced Diploma in Procurement and Supply
Vendor:	CIPS
Total Questions:	122
Last Updated:	Apr 24, 2024

CIPS L5M7