CIPS L5M2 (Core): Managing Supply Chain Risk

Welcome to the Practice Test

This practice test is designed to help CIPS aspirants become familiar with the exam format and assess their knowledge before the actual exam. The online questions will enable you to evaluate your understanding effectively.

The questions are based on the latest version of the published CIPS Book (copyright ©2018). Each question includes detailed explanations, along with references to the relevant page numbers and paragraphs, ensuring that students gain maximum benefit from these practice tests.

Key Features:

• Total Questions: 143 (including 103 multiple-choice questions and 5 matching questions) adhering to RASHED’s standard.
• Practice Tests:
  • Practice Test 01: 20 MCQs + 1 Matching Question (Chapter 01)
  • Practice Test 02: 20 MCQs + 1 Matching Question (Chapter 02)
  • Practice Test 03: 19 MCQs + 1 Matching Question (Chapter 03)
  • Practice Test 04: 44 MCQs + 2 Matching Questions (comprehensive review of the entire course)
• Self-Assessment: Each question is proportionately developed from every learning outcome, allowing for thorough self-evaluation.
• Explanations: Detailed and meticulously prepared for each question, including reference paragraphs and page numbers.

These resources are designed to help you excel in your CIPS exam on your first attempt. The content has been updated to align with the current syllabus.

Upon completing this course, learners will be equipped to evaluate various tools and techniques for assessing supply chain risk and recommending strategies to avoid, mitigate, or manage these risks.

Understanding Risk Management

Risk management is integral to an organization’s strategy. It involves identifying, documenting, and addressing risks associated with organizational activities to enhance efficiency and effectiveness. Given the inherent complexity of supply chains, this module enables learners to analyze supply chain risks and evaluate available mitigation techniques. Participants will conduct risk analyses and recognize the benefits of maintaining a risk register, applying a range of effective risk management tools and techniques.

Additional Insights: Some questions are intentionally conceptual and supported by supplementary study materials. As this is an Advanced Diploma course, students are encouraged to extend their learning beyond the course book by exploring recommended readings such as Supply Chain Risk Management: Minimizing Disruptions in Global Sourcing by Donald Waters and Managing Risk in the Supply Chain by Robert A. Calzolari.

Disclaimer: These practice tests are solely intended for exam preparation. They serve to assist MCIPS aspirants in grasping the concepts outlined in the study guide. The questions and solutions do not necessarily reflect the views of CIPS. Participants are advised to thoroughly review the study guide before making any investment. These practice tests are not a substitute for the CIPS Study Guide.