L5M7 Valid Test Simulator & Free L5M7 Download Pdf

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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions (Q64-Q69):

NEW QUESTION # 64
A pricing approach in which avalue pointis decided upon and maintained for aprescribed periodis known as what?

Answer: B

Explanation:
Fixed pricingmaintains aconstant pricefor a defined period regardless of market changes, providing stability for both buyer and supplier.
Short cited extract: "Fixed pricing - price remains constant for an agreed duration." (L5M7 Study Guide, p.
188)
Reference:CIPS L5M7 Study Guide, p.188.


NEW QUESTION # 65
Which of the following statements aboutsupply chain knowledgeis correct? Select TWO.

Answer: A,C

Explanation:
Whenknowledge is low, members workindependently; highertechnological readinesscreates deliberate and structured IT use.
Short cited term: "low knowledge # independent working; high tech readiness # structured IT use." (L5M7 Study Guide, p. 51) Reference:CIPS L5M7 Study Guide, p. 51.


NEW QUESTION # 66
Which of the following is an example ofVariable Pricing?

Answer: B

Explanation:
Variable Pricingchanges the unit price based onquantity purchased; larger volumes trigger discounts.
Short cited term: "price varies with quantity ordered." (L5M7 Study Guide, pp. 188-191) Reference:CIPS L5M7 Study Guide, pp. 188-191.


NEW QUESTION # 67
Which of the following is an example ofexceedingcustomers' expectations? Select TWO.

Answer: B,C

Explanation:
Meeting expectations (B) is not exceeding them. Exceeding is demonstrated byunexpected extra valuesuch as lower-than-expected priceora free add-on. Short extract: "exceeding expectations-delighting customers with additional/unexpected value." (L5M7 Study Guide, p.121) Reference:L5M7 Study Guide, p.121.


NEW QUESTION # 68
In a typicalSupply Chain Quality Framework (SCQF), which of the following characteristics is likely to feature?
Select THREE.

Answer: B,C,D

Explanation:
TheSCQFintegrates factors that promote long-term excellence across the chain:leadership, stakeholder commitment, sustainability, information management, and continuous improvement. These underpin effective quality and performance.
Short cited term: "key features include sustainability, information and continuous improvement." (L5M7 Study Guide, p. 34) Reference:CIPS L5M7 Study Guide, p. 34.


NEW QUESTION # 69
......

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