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Practice L5M7 Mock & Pdf L5M7 Dumps
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Pdf L5M7 Dumps | L5M7 Valid Test Test
The Achieving Competitive Advantage Through the Supply Chain (L5M7) certification exam is a valuable asset for beginners and seasonal professionals. If you want to improve your career prospects then L5M7 certification is a step in the right direction. Whether you’re just starting your career or looking to advance your career, the L5M7 Certification Exam is the right choice. With the L5M7 certification you can gain a range of career benefits which include credibility, marketability, validation of skills, and access to new job opportunities.
CIPS L5M7 Exam Syllabus Topics:
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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions (Q19-Q24):
NEW QUESTION # 19
Trust is a dynamic concept required in partnership relationships. Which of the following are part of thefive trust componentsimportant in supply chains?
- A. Power
- B. Charm
- C. Integrity
- D. Loyalty
- E. Competence
Answer: C,D,E
Explanation:
Trust in supply chains is built on components includingintegrity,competence,loyalty,openness, andfairness.
Short extract: "key trust components: integrity, competence, loyalty, openness, fairness." (L5M7 Study Guide, Domain 3.4 section) Reference:L5M7 Study Guide, Domain 3.4 (Relationship/Trust components).
NEW QUESTION # 20
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. Cost of materials
- C. Supplier's tax rate
- D. Supplier's pension contribution
- E. Cost of labour
Answer: A,B,E
Explanation:
Cost-plus pricingis based onactual material and labour costs plus an agreed marginfor overheads and profit.
Short cited extract: "Cost-plus = actual cost + agreed mark-up for profit/overheads." (L5M7 Study Guide, p.
191)
Reference:CIPS L5M7 Study Guide, p.191.
NEW QUESTION # 21
Which of the following could be consideredadded valuewithin a supply chain? Select THREE.
- A. Marketing
- B. Time to market
- C. Quality
- D. Profit
- E. Innovation
Answer: B,C,E
Explanation:
The guide listsquality,innovation, andtime-to-marketamong ways supply chains createadded value(others include price/cost reduction and risk reduction). Short extract: "added value may be created through quality, innovation and time-to-market." (L5M7 Study Guide, p.27) Reference:L5M7 Study Guide, p.27.
NEW QUESTION # 22
Ahierarchically orientated organisationwould have which of the following characteristics?
- A. Stability and control
- B. Integration focus
- C. Equality among employees
- D. Flexibility and discretion
Answer: A
Explanation:
Ahierarchical culturevaluesstability, control, and formal structure, with defined authority levels.
Short cited extract: "Hierarchy culture - stability, rules, and control mechanisms." (L5M7 Study Guide, p. 60) Reference:CIPS L5M7 Study Guide, p. 60.
NEW QUESTION # 23
Mark, a logistics procurement manager, describes his chain astightly coupled. What does this mean?
- A. There is a high level of interdependency in the supply chain
- B. There is flexibility in the supply chain
- C. There are many organisations in the supply chain
- D. The supply chain is strong
Answer: A
Explanation:
Atightly coupledsupply chain exhibitshigh interdependencebetween members; decisions by one partner affect all others.
Short cited extract: "Tightly coupled = high interdependence between supply-chain partners." (L5M7 Study Guide, p. 82) Reference:CIPS L5M7 Study Guide, p. 82.
NEW QUESTION # 24
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