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CIPS Level 5 Advanced Diploma Practice Questions - CIPS Level 5 Advanced Diploma in Procurement and Supply Exam

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About this Exam

Prepare with the CIPS Level 5 Advanced Diploma Practice Questions - CIPS Level 5 Advanced Diploma in Procurement and Supply Exam practice quiz. This question bank includes 100 questions covering procurement, management, supplier, supply, and chain. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
A procurement manager is mapping supply chain risks for a critical component sourced from a single overseas supplier. Which technique involves scoring risks by likelihood and impact to prioritise them for treatment?
Risk matrix assessment
Spend analysis
Failure Mode and Effects Analysis (FMEA)
Kraljic portfolio analysis
Question 2
Which of the following is classified as an EXTERNAL supply chain risk?
A key supplier's factory destroyed by an earthquake
Poor internal demand forecasting leading to excess inventory
Inadequate supplier performance management processes
Failure to conduct due diligence on new suppliers
Question 3
A business continuity plan (BCP) for procurement should primarily ensure which of the following?
Critical procurement activities can continue or be restored quickly after a disruption
Cost savings of at least 10% are achieved during a disruption
All supplier contracts are renegotiated when a disruption occurs
The procurement team is reduced in size to cut costs during recovery
Question 4
In the context of supply chain vulnerability, the 'supply chain mapping' technique is used to:
Identify all tiers of suppliers, flows, and dependencies to expose risk exposure
Calculate the total landed cost of imported goods
Negotiate lower unit prices by aggregating volumes across all suppliers
Allocate procurement spend across different categories of goods
Question 5
Which risk mitigation strategy involves deliberately using more than one source of supply for a critical component?
Risk transfer
Risk avoidance
Dual or multiple sourcing
Risk retention

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Additional Information

CIPS Level 5 Advanced Diploma Practice Questions - CIPS Level 5 Advanced Diploma in Procurement and Supply Exam

This practice set contains 100 questions from the matching question bank and focuses on procurement, management, supplier, supply, and chain. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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