Free L5M7 Exam Questions - Easiest Way for Success

Prepare for the CIPS L5M7 exam questions with our authentic preparation materials, including free L5M7 practice exam questions and answers. TheExamsLab provides all the support you need to succeed in the ELECTIVE Achieving Competitive Advantage Through the Supply Chain L5M7 exam. This dedication to student success is why we have the most satisfied L5M7 certification exam candidates worldwide.

Page: 1 / 25

Total 122 Questions | Updated On: Sep 12, 2024

Add To Cart

Question 1

An organisation can leverage effective Supply Chain Management to deliver Competitive Advantage. What is meant by Competitive Advantage?

A : Outperforming competitors financially

B : Becoming the leader in the marketplace through working closely with the supply chain

C : A benefit that an organisation can use to out perform competitors in the marketplace

D : Cost savings by narrowing the supply chain

Answer: C

Question 2

Which of the following are advantages of using local sourcing? Select TWO

A : higher costs

B : less environmental impact

C : cheaper

D : flexibility for support and maintenance

E : higher quality

Answer: B,D

Question 3

Which of the following statements about supply chain knowledge is correct? Select TWO

A : where supply chain knowledge is low, there is a high collaboration with supply partners

B : where supply chain knowledge is low, members tend to operate independently of other members

C : where there is a high readiness to use technology, the use of IT in the supply chain is deliberate and structured

D : where there is a low level of technology utilisation in the supply chain, there are consistent systems and policies for the use of technology

Answer: B,C

Question 4

2021-12-12-20-13-11-fe34ae48204fe846edb8a33191316a58

Which of the following will you put into box 3?

A : Process

B : Information

C : Performance

D : Strategy

Answer: D

Question 5

Which of the following is an example of exceeding customers' expectations. Select TWO

A : providing the item desired in a different colour

B : a customer ordering an item online and it is delivered the day it is expected

C : the price is lower than the customer expected to pay

D : providing a free gift when a purchase is made

Answer: C,D

Page: 1 / 25

Total 122 Questions | Updated On: Sep 12, 2024

Add To Cart