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To prepare for the CIPS L5M2 exam, candidates can enroll in training courses, read study materials, and participate in online forums and discussions. It is also recommended that candidates gain practical experience in managing supply chain risks through their work experience or by volunteering for projects. By passing the CIPS L5M2 exam, candidates can demonstrate their expertise in managing supply chain risks and enhance their career prospects in procurement and supply chain management.

The CIPS L5M2 Exam is suitable for procurement and supply chain professionals who are involved in managing risks within their organizations. This includes procurement managers, supply chain managers, risk managers, and other professionals who are responsible for ensuring the smooth operation of their organization's supply chain. The exam is designed to test the knowledge and skills of professionals in identifying and assessing supply chain risks, developing effective risk mitigation strategies, and managing supplier relationships to minimize risks. By passing this exam, professionals can demonstrate their competence in managing supply chain risks and enhance their career prospects in the procurement and supply chain field.

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The CIPS L5M2 (Managing Supply Chain Risk) Certification Exam is a globally recognized certification for supply chain professionals who want to enhance their knowledge and skills in managing supply chain risks. This certification is designed to equip candidates with the necessary skills to identify, assess, and mitigate risks within the supply chain. It covers the most critical aspects of supply chain risk management, including risk identification, assessment, mitigation, and monitoring. Candidates who successfully pass the exam will have a deep understanding of the importance of risk management in the supply chain and be able to apply best practices to their organization.

CIPS Managing Supply Chain Risk Sample Questions (Q115-Q120):

NEW QUESTION # 115
Which of the following will you put into box 7?

A. dual sourcing
B. insurance
C. monitor
D. audit

Answer: B

Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated with low confidence

NEW QUESTION # 116
The USA Foreign Corrupt Practices Act (FCPA) is further reaching than the UK's Bribery Act 2010. Is this statement true?

A. yes- the FCPA exempts facilitation payments
B. No- the Bribery Act extends to third parties and the FCPA does not
C. No- the Bribery Act doesn't account for facilitation payments
D. yes- the FCPA covers 'private bribes' and the Bribery Act does not

Answer: B

Explanation:
Explanation
The correct answer is 3. Firstly you can half the number of responses by looking at the yes / no. The UK Bribery Act is further reaching than the FCPA. Therefore the statement is False. You can therefore discount the options that start with yes. Of the two remaining statements only one of them is true and that is number 3- the Bribery Act extends to third parties and the FCPA does not. Option 4 is incorrect as the Bribery Act DOES account for facilitation payments. Its to FCPA that doesn't. This is explained on p. 36 of the study guide

NEW QUESTION # 117
Which of the following will you put into box 2?

A. environment
B. intellectual property
(Correct)
C. strategic
D. operational

Answer: B

Explanation:
Explanation
The correct answers are as follows:
Table Description automatically generated

NEW QUESTION # 118
According to Kid Sadgrove, fraud can take place when four pre-conditions exist. Which of the following is not one of those pre-conditions?

A. opportunity
B. access
C. motive
D. attractive assets

Answer: B

Explanation:
Explanation
access is not a pre-condition. The other three are. The fourth pre-condition not mentioned is lack of controls.
This is from p.20 of the study guide

NEW QUESTION # 119
What is ISO28000?