Free Access CIPS.L5M7.v2026-04-13.q31 Practice Test (Page 2)

To analyse thevalue of inventory held, which data points must be collected? Select TWO.

A.Number of items sold

B.Number of items held in storage

C.Purchase price

D.Expiry date

For items viewed asStrategic/Critical(high supply risk and high value), which sourcing strategy is best?

A.Competitive bidding

B.Outsourcing

C.Partnership or alliance approach

D.Arm's-length relationship with supplier

Which of the following is adisadvantageofJust-In-Time (JIT) Manufacturing?

A.You cannot obtain economies of scale

B.Inventories are wasteful and expensive

C.There is less waste produced

D.It is expensive to implement

According to theKraljic Matrix, suppliers are classified based on which TWO factors?

A.Cost impact

B.Risk impact

C.Position in the supply chain

D.Level of co-operation

Which of the following isnota characteristic ofQuality Managementfound inISO 9001?

A.Customer focus

B.Involvement of people

C.Continuous Improvement

D.Protection of the environment

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