CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) - L5M7 Exam Practice Test
A pricing approach in which avalue pointis decided upon and maintained for aprescribed periodis known as what?
Correct Answer: C
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Electro Bob is a wholesaler of electrical equipment. One of its customers, RoostyFace, spends very little and is unlikely ever to increase its spend. Whattype of customeris RoostyFace to Electro Bob (Supplier Preferencing Model)?
Correct Answer: D
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A supply chain that has evolved to includemultiple layers of interdependenceon members both upstream and downstream is commonly known as what?
Correct Answer: C
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The80/20 ruleis also commonly referred to as what?
Correct Answer: C
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Which of the following is an example ofexceedingcustomers' expectations? Select TWO.
Correct Answer: A,B
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Supplier vettingis a form of which type of quality management system?
Correct Answer: D
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What isSix Sigma?
Correct Answer: B
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Which of the following departments within an organisation form part of theValue Chain?
Select THREE.
Select THREE.
Correct Answer: A,C,D
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Open-Book Costingrelies on which of the following? Select TWO.
Correct Answer: B,C
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