CIPS Level 5 Managing Supply Chain Risk Exam Questions: Latest L5M2 Exam Dumps for Success

1. Which of the following will you put into box 1?

2. Zara is a procurement manager who is thinking about working with a new supplier to source buttons for her clothes manufacturing business. Her manager has asked her to do some due diligence on the supplier's financial stability.

What should she do?

3. Which of the following will you put into box 8?

4. Petra Ltd is a manufacturer of upmarket baked goods and they have a range which is gluten free and therefore suitable for customers who have an intolerance of wheat. For this reason Petra Ltd is very strict about the ingredients that it sources. It's main supplier has provided written agreement that they will test all ingredients in their processing factory to ensure that they are suitable for the gluten free diet before delivery is made, and once delivery is made the materials will be deemed accepted by the buyer.

Is Petra right to accept this arrangement?

5. Which of the following will you put into box 6?

6. John is a mid-level manager and has created a risk / reward matrix about four potential opportunities at his company White Ducky Limited. He will present his research to a board meeting next week. He has categorised the four opportunities as the following.

Which of these opportunities should John recommend the board 'consider'? Select TWO.

7. Risk should be a 'golden thread' that links all of the organisation's strategies, communications, policies and training. The LILAC model describes how a risk-aware culture can be created.

Which of the following form part of the LILAC model?

8. In an organisation, who is responsible for creating a risk assessment register?

9. Which of the following will you put into box 5?

10. Oliver is a procurement manager and he is trying to work out the likelihood that a supplier fails to deliver to the warehouse two days in a row.

Which of the following methodologies should Oliver use?

11. Which of the following form part of the Stakeholder Salience Model? Select TWO

12. What would happen if a company enacts its Contingency Agreement following a natural disaster?

13. Risk Management is a process with several steps.

Which of the following is the last step of the cycle?

14. Which of the following are benefits of ISO28000? Select TWO.

15. Which of the following will you put into box 5?

16. What is ISO28000?

17. Which of the following statements is true about ISO9001? Select TWO.

18. In which of the following industries is it common to find dedicated resource for risk management?

19. Which of the following risks would likely be tolerated by a company?

20. Fraud committed by an employee within a business is what type of risk?

21. Which of the following statements is true about a Disaster Recovery Plan? Select TWO

22. Which of the following will you put into box 7?

23. Company X is a large manufacturer of cosmetics and household products. It operates in 57 different countries and has large and complex supply chains. The brand's popularity is partly due to the cheap price of the products compared with its competitors and Company X has recently discovered that child labour has been used within its supply chain. In response to this Company X has donated a large amount of money to charity.

What is this an example of?

24. Yusef is a new procurement manager at FRD Incorporated. He is looking through the Risk Assessments for his department and notices that the cause of the risk is not identified.

Why might this be?

25. Which of the following will you put into box 5?

26. Dave is a procurement manager for a chocolate factory who is running a tender to source cocoa from a new supplier. The tender is a huge opportunity for suppliers and the contract would be worth millions of pounds. Dave has passed some information about the tender to one of the bidders in exchange for a free holiday to Barbados.

Which of the following types of fraud has Dave committed?

27. Which of the following statements are true about risk management? Select TWO.

28. Chloe is a procurement manager at Ruby Company. She has been asked to join a cross-functional team to review the company's risk appetite, potential risks within the supply chain and brainstorm mitigating actions. Chloe has suggested that the cross-functional team should first draw up a list of potential supply chain risks and potential strategies to overcome the risks.

Is Chloe correct?

29. Leo LLP is a company which sources materials internationally, and then sells these on nationally at a small margin. Leo LLP has noted that there is a risk of exchange rate fluctuations making their purchases unviable. The CFO has declared that the only way to mitigate this risk is via hedging and that they should look at price fixing. is this correct?

30. Which of the following will you put into box 3?

31. Which of the following stages would come first within a risk assessment?

32. Which of the following will you put into box 2?

33. Which of the following are factors which can lead to a supplier becoming insolvent? Select THREE

34. A black swan event is what type of occurrence?

35. Which of the following statements about binomial distribution are true? Select THREE

36. Which of the following are key areas of ISO 26000 Social Responsibility? Select THREE.

37. In probability theory, the chances of a coin landing on heads would be expressed in what way?

38. A financial instrument used by airlines to fix the price of fuel over a period of time is known commonly as a what?

39. Which of the following FIDIC Contracts would be suitable for a contract for offshore wind projects?

40. Which of the following will you put into box 6?