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Achieving Competitive Advantage Through the Supply Chain (L5M7)

Last Update 4 hours ago Total Questions : 88

The Achieving Competitive Advantage Through the Supply Chain (L5M7) content is now fully updated, with all current exam questions added 4 hours ago. Deciding to include L5M7 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our L5M7 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these L5M7 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Achieving Competitive Advantage Through the Supply Chain (L5M7) practice test comfortably within the allotted time.

Question # 11

Which of the following could be considered added value within a supply chain? Select THREE.

A.

Profit

B.

Marketing

C.

Quality

D.

Innovation

E.

Time to market

Question # 12

When would you use a Fishbone (Ishikawa) Diagram ?

A.

To decide which supplier to use

B.

To map issues in the supply chain

C.

To identify the cause of a problem

D.

To clarify a relationship

Question # 13

RIDDOR statistics provide information on which of the following?

A.

Financial standing

B.

Speed of production

C.

Health and safety

D.

Conformance with specification

Question # 14

Just-in-Time (JIT) manufacturing is a form of which organisational strategy?

A.

Business Process Re-engineering

B.

Lean

C.

Cost Leadership

D.

Differentiation

Question # 15

Which of the following are incentives for suppliers to perform well on a contract? Select TWO.

A.

Revenue-based pricing

B.

Market-based pricing

C.

Outcome-based pricing

D.

Quality-based pricing

Question # 16

Which approach to quality involves manufacturing only what is required, when it is required ?

A.

Zero Defects

B.

Total Quality Control

C.

Total Quality Management

D.

Just-in-Time

Question # 17

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.

Competitive Pricing

B.

Flexible Pricing

C.

Dynamic Pricing

D.

Variable Pricing

Question # 18

Plastic Fantastic Ltd manufactures plastic homeware. Customers can return used products to the retailer, who passes them back to the manufacturer for reprocessing. What type of supply chain is this?

A.

Open Loop Supply Chain

B.

Forward Loop Supply Chain

C.

Manufacturing Supply Chain

D.

Closed Loop Supply Chain

Question # 19

The effective balancing of demand variability and inventory that achieves the optimal time a product passes through the supply chain is known as:

A.

Just-in-Time

B.

Lean Manufacturing

C.

The Theory of Swift, Even Flow

D.

Cycle Time

Question # 20

Which of the following is NOT an objective of Total Quality Management (TQM) ?

A.

Employee empowerment

B.

Zero-defects

C.

Meeting customer expectations

D.

Financial planning

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