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CIPS Achieving Competitive Advantage Through the Supply Chain (L5M7) Sample Questions:

1. AResource-Based Review(RBR) focuses on which aspect of competitive advantage?

A) Internal environment as a driver of competitive advantage
B) Achieving cost leadership through lower prices
C) Using the external environment to create value
D) Narrowing the supply chain to create efficiencies

2. Which of the following isnota characteristic ofQuality Managementfound inISO 9001?

A) Customer focus
B) Continuous Improvement
C) Involvement of people
D) Protection of the environment

3. Normal distributionforms what shape on a graph?

A) Horizontal line
B) Circle
C) Bell curve
D) Vertical line

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

A) You cannot obtain economies of scale
B) There is less waste produced
C) It is expensive to implement
D) Inventories are wasteful and expensive

5. What is the name of the phenomenon in which a small change in consumer demand can have an amplified effect throughout the supply chain?

A) Pareto Principle
B) Supply and Demand
C) Amplification Concept
D) Bullwhip Effect

Solutions: