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Get All Achieving Competitive Advantage Through the Supply Chain Exam Questions with Validated Answers
| Vendor: | CIPS |
|---|---|
| Exam Code: | L5M7 |
| Exam Name: | Achieving Competitive Advantage Through the Supply Chain |
| Exam Questions: | 88 |
| Last Updated: | April 16, 2026 |
| Related Certifications: | Level 5 Advanced Diploma in Procurement and Supply |
| Exam Tags: | Advanced Procurement and Supply Chain ProfessionalsSourcing Specialists |
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Which of the following statements about supply chain knowledge is correct? Select TWO.
When knowledge is low, members work independently; higher technological readiness creates deliberate and structured IT use.
Short cited term: ''low knowledge independent working; high tech readiness structured IT use.'' (L5M7 Study Guide, p. 51)
Which of the following relationship styles is the least collaborative?
On the relationship spectrum, arm's-length is a low-collaboration style (only adversarial is lower), characterised by limited information sharing and short-term focus. Short cited term: ''relationship spectrum ... arm's-length (low collaboration)'' (L5M7 Study Guide, p.80).
George, a property manager, agrees a cost-plus payment with a plumber. Which of the following will he need to know to calculate total price?
Select THREE.
Cost-plus pricing is based on actual material and labour costs plus an agreed margin for overheads and profit.
Short cited extract: ''Cost-plus = actual cost + agreed mark-up for profit/overheads.'' (L5M7 Study Guide, p.191)
Which of the following is an example of exceeding customers' expectations? Select TWO.
Meeting expectations (B) is not exceeding them. Exceeding is demonstrated by unexpected extra value such as lower-than-expected price or a free add-on. Short extract: ''exceeding expectations---delighting customers with additional/unexpected value.'' (L5M7 Study Guide, p.121)
Which of the following are incentives for suppliers to perform well on a contract? Select TWO.
Revenue-based and Outcome-based pricing share financial benefits and performance gains, motivating suppliers to excel.
Short cited term: ''gainshare, revenue and outcome pricing as supplier incentives.'' (L5M7 Study Guide, p. 198)
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