CIPS Level 5 Advanced Diploma Practice Questions - CIPS Level 5 Advanced Diploma In Procurement And Supply Exam

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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

Correct Answer:

Risk matrix assessment

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