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L6M9 Exam Quizzes - Reliable L6M9 Braindumps Free
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CIPS L6M9 Exam Syllabus Topics:
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CIPS Supply Network Design Sample Questions (Q69-Q74):
NEW QUESTION # 69
Which of the following are examples of investment appraisal techniques? Select ALL that apply.
- A. Payback period
- B. Gearing
- C. Liquidity
- D. Return on investment
- E. Cash flow impact
Answer: A,D,E
Explanation:
Investment appraisal techniques help assess whether an investment, such as purchasing new machinery, is financially viable.Return on investment, cash flow impact, and payback periodare all investment appraisal methods.Liquidity and gearingassess financial health but do not determine whether to make an investment.
(See p.160)
NEW QUESTION # 70
Liedtka (1998) describesfive attributesnecessary for aprocurement professionalto developstrategic thinking. What are these?
- A. Thinking in time
- B. Systems perspective
- C. Risk awareness
- D. Intent focused
- E. Hypothesis driven
- F. Intelligent optimism
Answer: A,B,D,E,F
Explanation:
* Thecorrect five attributesof strategic thinking are:#Systems perspective#Intent focused#Intelligent optimism#Thinking in time#Hypothesis driven
#Option B (Risk awareness) is incorrect-it isnotone of Liedtka's five attributes.
(See LO 2.1, p.65)
NEW QUESTION # 71
Carla is an Operations Manager at a bank. Customers are requestingmore digitalisationof services, and Carla is consideringa radical approachthat streamlines decision-making and creates efficiency in the organisation' s structural resources. What is this approach best known as?
- A. Total quality management
- B. Six Sigma
- C. Lean
- D. Business process reengineering
Answer: D
Explanation:
Thekeyword here is "radical", which is a key feature ofbusiness process reengineering (BPR).
* Total quality management (A) is incorrectbecause TQM focuses ongradualquality improvements.
* Lean (C) is incorrectbecause it focuses onwaste reduction, which is not mentioned.
* Six Sigma (D) is incorrectbecause it focuses onprocess improvement through data and system development, but it is not consideredradical.
(LO 2.1, See p.68)
NEW QUESTION # 72
Scenario:
Blue Bear Ltd is amultifunctional manufacturing organisationwith aglobal supply chainand customers in over30 different countries. Each function within the company hasdifferent supply networksand relationships.
For eachfunction, select the correctValue Chain ActivityandSupply Network Typefrom the given options.
Answer:
Explanation:
Explanation:
Function 1:This function is asupport activityresponsible for ensuring other functions have the right resources to complete work. It has acomplex structurewithhorizontal and verticalreporting lines, and each employee has clear objectives.#Correct answer:HR|Bureaucratic Function 2:This function ensures that theFive Rightsare achieved. It makeskey strategic decisionsthat other departments follow.Power is centralised, and staff support other business areas as needed.#Correct Answer:
Procurement|Centralised
Function 3:Staff describe themselves as the"people that get stuff done". This is aPrimary Activityin the Value Chain, responsible for turning raw materials intofinished products. The function has ahighly valued supply network, bothupstream and downstream, withjoint decision-making.#Correct answer:Operations| Symmetrical Function 4:Although aPrimary Activity, this function isnot well-organised. It relies ontrust-based relationshipsrather than formal contracts. Information is shared informally. It is responsible forwarehousing and transportation.#Correct Answer:Outbound Logistics|Social Function 5:This function has aone-sided supply network. It is aPrimary Activityanddeals directly with customers.#Correct Answer:Marketing and Sales|Asymmetrical A screenshot of a white sheet AI-generated content may be incorrect.
NEW QUESTION # 73
According toHays and Wheelwright, there arefour stages of operations functions, reflecting how an organisationapproaches its operational system.
Which of the following isStage 4, the stage that organisations should aspire to achieve?
- A. Internally Neutral
- B. Externally Supportive
- C. Externally Neutral
- D. Internally Supportive
Answer: B
Explanation:
#Externally SupportiveisStage 4, where an organisation's operations function is astrategic asset, driving competitive advantage.
#The four stages in order:1##Internally Neutral- Focus on avoiding mistakes2##Externally Neutral- Keeping up with industry standards3##Internally Supportive- Aligning operations with business strategy4## Externally Supportive- Operations function is acompetitive differentiator This model isimportant for the exam, somemorise the stages!(See LO 2.2, p.99)
NEW QUESTION # 74
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