L5M2 Test Questions

Managing Supply Chain Risk (L5M2)

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L5M2 Test Questions

What You Will Learn!

  • Understand the nature of risk affecting supply chains
  • Understand processes in managing risk in supply chains
  • Understand risk mitigation strategies in supply chains
  • Explain the development of a risk management culture and strategy to improve supply chains

Description

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Written by CIPS assessment authors

Covers all 5 possible question types

100 questions covering all 3 learning objectives

Explanations of the answer

On completion of this module, learners will be able to appraise a variety of tools and techniques to establish the level of risk in supply chains and to recommend and apply ways of avoiding, mitigating or managing risk.

Risk management is a central part of an organisation’s strategy. It is a process whereby the organisation will identify, record and then address the risks associated with their activities with the aim of driving out or controlling those risks to the overall benefit of organisational efficiency and effectiveness. The supply chain is by its very nature a complex activity which is therefore susceptible to risk and its associated impacts. This module is designed to enable learners to examine the nature of supply chain risk and to evaluate mitigation techniques which are available to them as they deal with the associated challenges. They will undertake risk analysis and consider the advantages of a risk register as they apply a range of appropriate risk management tools and techniques to the supply chain.

Who Should Attend!

  • CIPS Level 5 Advanced Professional Diploma in Procurement and Supply is a vocationally related professional qualification.

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