Practice L6M8 Exam Online

Question 1

The cost of switching and the scarcity of resources affects which of the following relationship-influencing Key Performance Indicators?

A : transparency

B : co-operation

C : trust

D : power

Answer: D

Question 2

An organisation which presents an ordinary product as environmentally friendly is conducting what?

A : non-compliance

B : lack of traceability

C : blacklisting

D : greenwashing

Answer: D

Question 3

Below are details of five different companies and the data they collect. For each company, select the characteristic of the data collected and the business area it relates to.

Company 1: This company is collecting data which will assist in the designing of products- ensuring functionality at the lowest cost. The issue with the data is its seasonality.

Company 2: This company has a high number of data files. They are dismantling current ways of working to figure out if there is a more effective way to do things.

Company 3: Data collected by company 3 is collected at speed in real time. They are attempting to find any underlying patterns in the data to inform on better decision making.

Company 4: Company 4’s objective is to reduce the risk of exposure of the company to unforeseen events. Data is being collected in many different formats.

Company 5: This data is similar in format and content but is collected from a wide range of sources. The data looks at the costs and implications of raw materials used in production.

Complete the table below by listing the characteristic of the data and the corresponding business area (some options may be used twice); volume (x2), variety, velocity, variability, complexity, concurrent engineering, process design, statistical analysis, life cycle analysis, risk reduction, value engineering.

2022-06-23-14-10-20-04ed19e84a93f5476fb3a230ac6269fb

Which of the following will you put into box 10?

A : concurrent engineering

B : process design

C : statistical analysis

D : life cycle analysis

E : risk reduction

F : value engineering

Answer: D

Question 4

Julie is the CEO of a small manufacturing company which is struggling to compete in the marketplace. Julie is considering implementing Simultaneous Engineering processes, what would be the benefit of this to her organisation? Select all that apply

A : reduction in development time

B : fewer design changes

C : less staff are required

D : increased sales

Answer: A,B

Question 5

A piece of computer software runs an analysis about possible disaster scenarios such as a power failure to the manufacturing plant, and tells an organisation how best to react in the situation. What type of analytics does this software provide?

A : descriptive

B : prescriptive

C : predictive

D : diagnostic

Answer: B

Name:	ELECTIVE Innovation in Procurement and Supply
Exam Code:	L6M8
Certification:	CIPS Level 6 Professional Diploma in Procurement and Supply
Vendor:	CIPS
Total Questions:	122
Last Updated:	May 14, 2024

CIPS L6M8