CIPS L5M7 Exam Syllabus
Start Free L5M7 Exam Practice After Reviewing the Topics
Before starting your L5M7 exam preparation, it is recommended to review the complete CIPS Achieving Competitive Advantage Through the Supply Chain exam syllabus and carefully go through the exam objectives listed below. Once you understand the exam structure and objectives, you should practice using our free L5M7 questions. We also provide premium L5M7 practice test, fully updated according to the latest exam objectives, to help you accurately assess your preparedness for the actual exam.
CIPS L5M7 Exam Objectives
| Section | Objectives |
|---|---|
| Understand the dynamics of supply chains | 1.1 Compare supply chains, supply network and supply chain management 1.1.1 Defining supply chains, supply networks, and supply chain management 1.1.2 The use of supplier tiering and network sourcing 1.2 Analyse the added value that effective supply chain management can deliver for the organisation 1.2.1 Improving quality 1.2.2 Reducing prices and total costs 1.2.3 Reducing time to market and achieving deliveries to required timescales 1.2.4 Creating innovation 1.2.5 Reducing risk and supply chain vulnerability 1.3 Analyse the relationship between organisational infrastructure and process management in supply chain management 1.3.1 Theoretical perspectives on added value 1.3.2 Aspects of organisational infrastructure: culture, organisational structure, and systems 1.3.3 Process management: the sourcing process in procurement and the managing stages of the process 1.3.4 Process mapping techniques 1.3.5 Value chain analysis 1.4 Compare approaches to improving supply chains 1.4.1 The spectrum of relationships in a supply chain 1.4.2 The collaborative model of supply chain management: partnering and strategic relationship management 1.4.3 The competitive model of supply chain management 1.4.4 The outsourcing of work or services 1.4.5 Off shoring, global procurement and low-cost country sourcing |
| Understand measures required to achieve competitive advantage in supply chains | 3.1 Evaluate sources of competitive advantage 3.1.1Competitive advantage based on lowest cost of supply 3.1.2Competitive advantage achieved through sources of differential advantage such as innovation, range of products, brand image and customer care 3.2 Analyse pricing arrangements that can be used to achieve competitive advantage in the supply chain 3.2.1The use of fixed pricing, variable pricing, and cost plus arrangements 3.2.2The use of open book costing and cost transparency 3.2.3The use of incentivisation in pricing and gain share (risk/reward) mechanisms 3.3 Analyse cost reduction activities for a supply chain to achieve competitive advantage 3.3.1Supplier rationalisation and aggregation of requirements 3.3.2The risks and benefits associated with single sourcing arrangements 3.3.3Negotiating reductions in prices and costs 3.3.4Collaborative and competitive models of supply 3.3.5Value analysis and value engineering 3.4 Assess methods to promote greater collaboration in supply chains to support the achievement of competitive advantage 3.4.1Strategic versus operational suppliers 3.4.2Creating partnership sourcing arrangements 3.4.3Building trust with suppliers 3.4.4The relationship life cycle |
| Understand improvement methodologies that can be used in supply chains | 2.1 Compare approaches to total quality management for supply chain improvement 2.1.1Defining quality and total quality management 2.1.2Approaches to quality: quality inspection, quality assurance and total quality 2.1.3Quality versus risk 2.1.4The importance of relationships in quality management 2.2 Analyze the use of statistical methods to achieve supply chain improvement 2.2.1Collating data for performance measurement 2.2.2Developing key performance indicators (KPIs) on aspects of supply performance 2.2.3 Analyzing data and an introduction to statistics 2.2.4The use of the normal distribution 2.2.5Developing statistical process control 2.2.6The 6 sigma improvement methodology 2.2.7Creating continuous improvement 2.3 Critically appraise processes that can be used for supply chain improvement 2.3.1Just-in-time (JIT) supply processes 2.3.2The application of JIT in the service sector 2.3.3The development of lean thinking and lean supply 2.3.4Lean thinking compared with agile 2.3.5The 5S methodology 2.4 Examine how business process re-engineering (BPR) and benchmarking can be used for supply chain improvement 2.4.1The development of business process re-engineering (BPR) 2.4.2BPR in contrast to total quality 2.4.3The development of lean thinking and lean supply 2.4.4The use of benchmarking in supply chains |
| Official Information | https://www.cips.org/qualifications/advanced-diploma-in-procurement-supply/achieving-competitive-advantage-through-the-supply-chain |
Our Features
- 50000+ Customers feedbacks involved in Products
- Customize your exam based on your objectives
- User-Friendly interface
- Exam History and Progress reports
- Self-Assessment Features
- Various Learning Modes