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?
Correct Answer:
Risk matrix assessment
Question 2
Which of the following is classified as an EXTERNAL supply chain risk?
Correct Answer:
A key supplier's factory destroyed by an earthquake
Question 3
A business continuity plan (BCP) for procurement should primarily ensure which of the following?
Correct Answer:
Critical procurement activities can continue or be restored quickly after a disruption
Question 4
In the context of supply chain vulnerability, the 'supply chain mapping' technique is used to:
Correct Answer:
Identify all tiers of suppliers, flows, and dependencies to expose risk exposure
Question 5
Which risk mitigation strategy involves deliberately using more than one source of supply for a critical component?
Correct Answer:
Dual or multiple sourcing
Question 1
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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.

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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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