Free CIPS L5M7 Exam Dumps Questions & Answers

Which of the following isNOTan objective ofTotal Quality Management (TQM)?

• A.Meeting customer expectations
• B.Zero-defects
• C.Financial planning
• D.Employee empowerment

An organisation can leverage effective Supply Chain Management to deliverCompetitive Advantage. What is meant byCompetitive Advantage?

• A.Becoming the leader in the marketplace through working closely with the supply chain
• B.Cost savings by narrowing the supply chain
• C.Outperforming competitors financially
• D.A benefit that an organisation can use to outperform competitors in the marketplace

Which of the following departments within an organisation form part of theValue Chain?
Select THREE.

• A.Procurement
• B.Human Resources
• C.Operations
• D.Logistics
• E.Marketing

Which of the following is an example of aclosed-loopsupply chain?

• A.A retailer which accepts old phones to be given back to the manufacturer
• B.The sale of second-hand cars at a retail outlet
• C.A farm supplying milk to a dairy manufacturer
• D.The extraction of diamonds from a mine sold to a jewellery manufacturer

Farmer Joe sells wheat and barley. He charges more when demand is high and less when demand falls. What pricing strategy does he follow?

• A.Dynamic Pricing
• B.Competitive Pricing
• C.Variable Pricing
• D.Flexible Pricing