CIPS L5M6 Actual Free Exam Questions & Community Discussion
Porter's 5 Forces is a useful tool to analyse market factors that affect profitability. Which of the following is not one of the forces?
Correct Answer: C
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Callie is a Category Manager at a car parts manufacturer. She discovers through a SWOT analysis that many other customers are increasing short-term demand for raw materials. Which category does this fall under?
Correct Answer: A
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Total Cost of Ownership [TCO] is important in Category Management. Steve is sourcing machine parts and IT systems.
Which of the following should Steve consider as part of TCO?
Which of the following should Steve consider as part of TCO?
Correct Answer: B,C,D
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When implementing procurement projects, it is important for Category Managers to consider the "human side" of change. Why is this?
Correct Answer: D
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Penelope works for an international manufacturer. Which categories are most likely to be outsourced?
Correct Answer: D,E
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"Survival of the fittest" is a concept in supplier relationships. Which of the following does it describe?
Correct Answer: D
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Which of the following approaches to cost is the least transparent?
Correct Answer: D
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Frankie Burgers operates in the UK and USA. One supplier holds a monopoly, but the item supplied is low cost. According to the Kraljic Matrix, which type of item is this?
Correct Answer: B
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Claudio wants to limit risks from supplier financial instability. Which two actions are most effective?
Correct Answer: B,D
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'Kaizen' is a Japanese term used frequently in the manufacturing industry. What does it refer to?
Correct Answer: C
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