L5M5 VALID EXAM PREPARATION | L5M5 VALID DUMPS QUESTIONS

L5M5 Valid Exam Preparation | L5M5 Valid Dumps Questions

L5M5 Valid Exam Preparation | L5M5 Valid Dumps Questions

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L5M5 Valid Dumps Questions - L5M5 Practice Braindumps

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CIPS Managing Ethical Procurement and Supply (L5M5) Sample Questions (Q69-Q74):

NEW QUESTION # 69
While low-cost country sourcing can provide substantial cost savings for buyers, it also comes with significant risks. Which of the following should be avoided as a potential target for low-cost country sourcing?

  • A. A country with stable tax and tariff structures
  • B. A country consisting of workers with detailed knowledge of the product
  • C. A country that is remote geographically but with good transportation routes
  • D. A country where companies use Just in Time (JIT) method of SCM

Answer: D

Explanation:
Choice B-It is important to calculate the potential cost of a supplier failing to meet the level of service timeline. If a company uses JIT methods of supply chain management, then LCCS is not a suitable option especially for critical components because delivery delays can be costly and disruptive. Without backup inventory, customers may have to wait for the company to receive supplies and manufacture the product. Thus is the correct answer.
Incorrect answer:
Choice A- A country with good transportation routes is critical to analyse as shipping will be fairly economical. Therefore is a potential target for LCCS.
Choice C- Level of education and skills of workers in chosen low cost country will help in producing vital key components as they will specialize in them. Thus this country should be a potential target of LCCS.
Choice D- Tariffs and taxes can significantly impact the cost-effectiveness of sourcing from low-cost countries. Understanding the export taxation in the source country and import tariffs in one's own country is crucial. This being stable can help in calculating and making a decision of selecting a country for low cost sourcing.
Reference:
LO-1.2; Page 76; Low-cost country sourcing


NEW QUESTION # 70
Which of the following is NOT an element of a Fair Trade label?

  • A. Traceability
  • B. Long-term Relationships
  • C. Marketing Incentives
  • D. Minimum Price

Answer: C

Explanation:
Choice B- This is not an element of the Fair-Trade label. While Fair Trade promotes ethical practices, it does not involve offering direct marketing incentives as part of its certification system.
Incorrect answer:
Choice A- This is an element of the Fair-Trade label, ensuring that producers receive a guaranteed baseline payment to protect against market fluctuations.
Choice C- This is an element of the Fair-Trade label, ensuring that certified products can be tracked from production to consumption.
Choice D- Long-term relationships focus on building consistent partnerships between buyers and producers and is also an element.
Reference:
LO-3.3; Page 301; Fair Trade International (FI), global fair-trade organizations and their implications for procurement and supply


NEW QUESTION # 71
EcoWear, a well-known apparel company committed to sustainability, has recently expanded its supply chain but failed to address key ESG issues, leading to the following concerns:
A supplier has been reported for using toxic dyes, causing environmental harm.
Another supplier has poor labor practices, resulting in worker strikes.
If these ESG issues remain unresolved, what are the most likely consequences for EcoWear? Select any TWO.

  • A. Legal Benefits: EcoWear could benefit from reduced regulatory scrutiny and enjoy a more favorable legal environment
  • B. Reputational Damage: The company may face backlash from consumers and advocacy groups, harming its brand reputation and customer loyalty
  • C. Increased Sales: Consumers are likely to overlook the issues and continue purchasing EcoWear products, boosting sales
  • D. Inability to secure or attract potential investments from banks

Answer: B,D

Explanation:
Choice A- Increased Sales is unlikely, as consumers are increasingly aware of ESG issues and may choose to avoid brands that don't align with their values.
Choice B- Legal Benefits is also unlikely, as failing to address ESG issues could actually increase regulatory scrutiny and legal risks.
Option C & D is the answer as per the study guide.

Reference: LO-1.1; Page 53; Impact of breaches of ethical codes or ESG standards on reputation and brand


NEW QUESTION # 72
McKesson is a leading healthcare company specializing in wholesale medical supplies and equipment, pharmaceutical distribution, and healthcare technology solutions. Recently, public hospitals placed an urgent request for medical supplies. Which of the following is NOT a method for identifying urgent orders?

  • A. Develop a standardized order policy to manage urgent requests, including appropriate cost allocation
  • B. Identify strategically important customers and leverage goodwill for commercial renegotiations
  • C. Establish economic order quantities (EOQ) based on profit margins
  • D. Assess supply chain capability

Answer: C

Explanation:
The correct answer is Option B. A company should establish a minimum order quantity (MOQ) rather than an economic order quantity (EOQ) based on profit margin. MOQ is the minimum order amount set by a supplier or retailer, whereas EOQ determines the optimal order quantity to meet customer demand while minimizing holding and ordering costs.

Reference: LO-1.4; Page 113; Demand Management and the need for urgent orders


NEW QUESTION # 73
Effectively managing stakeholders helps a business minimize potential conflicts. One key approach to stakeholder management is analyzing stakeholders.
Which analysis tool can be used to conduct this assessment?

  • A. SWOT
  • B. Kraljic analysis
  • C. STEEPLED
  • D. Portfolio analysis

Answer: C

Explanation:

The correct answer as per study guide is Choice A STEEPLED analysis. Reference: LO-2.1; Page 175; Mapping, consulting and managing all stakeholder requirements to secure ESG considerations in ethical and sustainable procurement and supply arrangements


NEW QUESTION # 74
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