Exam L5M10 Revision Plan | L5M10 Reliable Study Materials
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CIPS L5M10 Exam Syllabus Topics:
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CIPS Logistics Management Sample Questions (Q87-Q92):
NEW QUESTION # 87
Which governing body is responsible for the creation and management of Incoterms rules?
- A. World Trade Organization
- B. International Labour Organization
- C. United Nations
- D. International Chamber of Commerce
Answer: D
Explanation:
Comprehensive and Detailed Explanation From Exact Extract:
Incoterms are published and maintained by the International Chamber of Commerce (ICC) to define buyer
/seller responsibilities for delivery, risk, and costs under international sales contracts. (Reference: CIPS L5M10 Study Guide, Incoterms governance, p. 7)
NEW QUESTION # 88
Whether a company should implement a Lean or Agile supply chain should be considered as part of which organisational document?
- A. Strategic plan
- B. Tactical plan
- C. Logistic plan
- D. Operational plan
Answer: A
Explanation:
Comprehensive and Detailed Explanation From Exact Extract:
ChoosingLean vs. Agileis a long-term, structural design decision and is addressed instrategic planning.
Tactical and operational plans translate strategy into mid- and short-term actions. (CIPS L5M10 Study Guide, p. 100)
NEW QUESTION # 89
Baby Ltd manufactures 100 prams each quarter. In Q1, it sold 78 prams. A customer phones in March to order
3 prams for the following month. Is thereAvailability to Promise (ATP)?
- A. Yes - 100 prams will be manufactured in Q2 so the customer can order one of these
- B. Yes - 22 prams were unsold last quarter
- C. Maybe - the customer must wait until Q2 to be sure
- D. Maybe - it depends on the number of customer orders already received for Q2
Answer: D
Explanation:
Comprehensive and Detailed Explanation From Exact Extract:
Availability to Promise (ATP) is the portion of inventory or planned production that is not yet committed to existing customer orders. It depends on confirmed orders and forecasted production. Without knowing Q2's confirmed demand, ATP cannot be guaranteed.
(Reference: CIPS L5M10 Study Guide, ATP definition and application, p. 182)
NEW QUESTION # 90
Which approach aims to increase profits by maximising the performance ofconstraints?
- A. Total Quality Management
- B. Six Sigma
- C. Theory of Constraint
- D. Lean
Answer: C
Explanation:
Comprehensive and Detailed Explanation From Exact Extract:
TheTheory of Constraint (TOC)is built on the ideas that every process has abottleneckand that improving throughput requiresexploiting/elevating that constraint(while subordinating other steps). (CIPS L5M10 Study Guide, p. 138)
NEW QUESTION # 91
In storing which of the following inventory types are you most likely to see aFIFO (First In, First Out) system? Select TWO.
- A. Clothing items and accessories
- B. Cosmetic items such as makeup
- C. Food products
- D. High-value items such as cars or jewellery
Answer: B,C
Explanation:
Comprehensive and Detailed Explanation From Exact Extract:
FIFO ensures older stock is issued first, preventing spoilage or expiry. It's essential forperishable goods (food) andtime-sensitive stock(cosmetics). For durable goods, FIFO is less critical.
(Reference:CIPS L5M10 Study Guide, Inventory management methods and systems, p. 13)
NEW QUESTION # 92
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