CIPS L2M5 Certificate in Procurement and Supply
Operations Inventory, Logistics and Expediting Sample
Exam Questions and Answers.
, lOMoAR cPSD| 42147428
Q1. Stock that is included in unfinished products throughout a factory is referred to as …
a. work in process
b. work in progress
c. work in purchase
d. work in procurement
LO: 1
AC: 1.1
Correct answer: B
Q2. ABC analysis of stock is a method derived from which theory?
a. Pareto 80/20 Rule
b. Porter’s 5 Forces
c. STEEPLE analysis
d. Kraljic Matrix
LO: 1
AC: 1.1
Correct answer: A
Q3. Hannah has set up an ordering system that has products arriving at the warehouse door one hour before
they are needed on the shop floor. What type of system has Hannah set up?
a. JIT
b. ERP
c. ABC
d. MRP
LO: 1
AC: 1.3
Correct answer: A
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