Free CIPS L5M6 Practice Test & Real Exam Questions
In a Sourcing Business Model, stakeholders must answer key questions to determine the right model.
Which are the most important?
Which are the most important?
Correct Answer: C,D
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The process of designing a product with a trusted supplier in order to eliminate costs that may appear at the delivery stage is known as which cost management strategy?
Correct Answer: B
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Which of the following form part of Cialdini's 7 Principles of Persuasion? Select THREE.
Correct Answer: A,C,E
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Which of the following forms of historical data can be used to inform Category Management expenditure?
Select THREE.
Select THREE.
Correct Answer: B,D,E
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Under what circumstances should forecast data be amended? Select THREE.
Correct Answer: A,C,D
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What is a 'black swan' event?
Correct Answer: A
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In Category Management, which of the following Models can be used for creating a step-by-step plan for Strategic Sourcing?
Correct Answer: A
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CEB Research states that there are 6 competencies which drive strategic performance in Procurement. The ability to stay calm under pressure and handle criticism is which competency?
Correct Answer: B
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Which category of spend item would be most suitable to purchase through an e-auction?
Correct Answer: C
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When implementing procurement projects, it is important for Category Managers to consider the "human side" of change. Why is this?
Correct Answer: B
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