CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) : L5M7

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CIPS L5M7 Exam Syllabus Topics:

Reference: https://www.cips.org/qualifications/advanced-diploma-in-procurement-supply/achieving-competitive-advantage-through-the-supply-chain

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

Question #1
SRT Ltd, a national construction firm, has acentralised procurement function. What is an advantage of this?

A. Closer to stakeholders
B. Increased flexibility
C. Coordination of cost-reduction initiatives and bulk ordering
D. Stakeholder management

Question #2
Which of the following relationship styles is theleast collaborative?

A. Strategic alliance
B. Transactional
C. Outsourced
D. Arm's-length

Question #3
A pricing approach in which avalue pointis decided upon and maintained for aprescribed periodis known as what?

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

Question #4
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.

A. Supplier's overhead and profit
B. Supplier's tax rate
C. Supplier's pension contribution
D. Cost of labour
E. Cost of materials

Question #5
Farmer Joe sells wheat and barley. He charges more when demand is high and less when demand falls. What pricing strategy does he follow?

A. Flexible Pricing
B. Competitive Pricing
C. Dynamic Pricing
D. Variable Pricing

Solutions: