Higher Test Marks with Free Online L5M7 Exam Practice

Assess the CertsIQ’s updated L5M7 exam questions for free online practice of your ELECTIVE Achieving Competitive Advantage Through the Supply Chain test. Our L5M7 dumps questions will enhance your chances of passing the Level 5 Advanced Diploma in Procurement and Supply certification exam with higher marks.

Question 1

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

Options :

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 statements about supply chain knowledge is correct? Select TWO

Options :

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 3

Six-Sigma is only suitable to the manufacturing industry. Is this correct?

Options :

A :

yes- this reduces defects in the supply chain

B : yes- it is an excellent way of reducing costs

C : no- six sigma can be used across all industries and enables bottom-line savings

D : no- six sigma is not suitable for the manufacturing industry

Answer: C

Question 4

2021-12-20-15-55-10-0cb412434c866aeb99b2685dd16a87e0

Which of the following will you put into box 6?

Options :

A : outsource

B : strategic alliance

C : retain

D : eliminate

Answer: B

Question 5

What is the primary motivation for offshoring?

Options :

A : cheaper holidays

B : exploit other countries' resources

C : cut costs

D : improve cultural competence

Answer: C