Helpful L5M6 Exam Dumps (V8.02) for CIPS Category Management Exam Preparation: Complete Your CIPS Level 5 Qualification Smoothly

1. Callie is a Category Manager at a car parts manufacturer. She discovers through a SWOT analysis that many other customers are increasing short-term demand for raw materials.

Which category does this fall under?

2. Penelope works for an international manufacturer.

Which categories are most likely to be outsourced? [Select TWO]

3. Workshops, safety facilities, and design engineers are indirect costs associated with which industry?

4. The process of designing a product with a trusted supplier in order to eliminate costs that may appear at the delivery stage is known as which cost management strategy?

5. Bill is collecting data on a mobile phone category item.

Which of the following can he find from the phone’s ‘line item’ details? [Select TWO]

6. Total Cost of Ownership [TCO] is important in Category Management. Steve is sourcing machine parts and IT systems.

Which of the following should Steve consider as part of TCO? [Select THREE]

7. Which of the following approaches to cost is the least transparent?

8. Frankie Burgers operates in the UK and USA. One supplier holds a monopoly, but the item supplied is low cost.

According to the Kraljic Matrix, which type of item is this?

9. Tulipa Ltd is a manufacturer of vegan frozen food. It saw significant market growth for three years, but in the last two years market share has remained stable despite no new entrants.

Which stage in the lifecycle is the vegan frozen food market?

10. What is the purpose of a Category Board?

11. SIC codes are sets of four-digit codes used to classify what?

12. Why would a company use a Technology Roadmap?

13. What can the IACCM help a Category Manager with?

14. Volatile inflation rates are a risk that can affect any business.

Which STEEPLED factor would this fall under?

15. ABC Ltd is a manufacturer of hi-tech IT equipment in an industry set to grow substantially over the next 10 years.

What type of industry is this?

16. In A.T. Kearney’s 7 Step Model of Strategic Sourcing, which of the following should be done first?

17. Joe is a Category Manager at an automobile company.

Which of the following would be the best way to decide on categories in this industry?

18. 1.According to Porter’s Five Forces, supplier power is strong in industries where which of the following is true? [Select THREE]

19. When completing a tender exercise, in addition to price and quality, which factors may also be considered?

20. Which of the following industries is the only one that does not have a specific SIC code?

21. In a marketplace where there is a large number of suppliers, which of the following is true?

22. Which category of spend item would be most suitable to purchase through an e-auction?

23. On the BCG Matrix, what is a cash cow?

24. In a Sourcing Business Model, stakeholders must answer key questions to determine the right model.

Which are the most important? [Select TWO]

25. What are the three main enablers of successful Category Management?

26. ABC Ltd wishes to ensure compliance across its supply chain.

Which of the following are steps that can be taken to ensure compliance with regulations and standards including CSR? [Select TWO]

27. Salim is using the CIPS Procurement and Supply Cycle to run a tender for a new item. He needs to complete a Make vs Buy assessment.

Under which stage of the cycle should this be done?

28. In order for Category Management to succeed, is business commitment and stakeholder buy-in essential?

29. High exit barriers in a marketplace mean that rivalry between suppliers is low. Is this statement TRUE?

30. What is a General Ledger?

31. What form of procurement is Category Management?

32. A list of direct costs within a manufacturing organisation could be found on which of the following?

33. “Survival of the fittest” is a concept in supplier relationships.

Which of the following does it describe?

34. In mitigating risks within the supply chain, which two factors should be assessed when evaluating potential risks?

35. Peak Pricing is also known as which other type of pricing model?