L5M2 Practice Exam - Managing Supply Chain Risk

Introduction of CIPS L5M2 Exam!

CIPS L5M2 is an exam on the Chartered Institute of Procurement and Supply (CIPS) Level 5 Advanced Diploma in Procurement and Supply.

What is the Duration of CIPS L5M2 Exam?

The CIPS Level 5 Diploma in Procurement and Supply has a total of 8 modules, each of which has an exam. The duration of each exam is 2 hours.

What are the Number of Questions Asked in CIPS L5M2 Exam?

There is no single answer to this question as the number of questions in a CIPS Level 5 Module 2 exam can vary. The number of questions may depend on the specific module chosen and the exam format used.

What is the Passing Score for CIPS L5M2 Exam?

The International Certified Professional (ICP) qualification is an internationally recognised professional qualification that is awarded by the Chartered Institute of Professional Services (CIPS).

The passing score for CIPS L5M2 is 70%. This means you must achieve 70% or higher in order to pass the exam.

What is the Competency Level required for CIPS L5M2 Exam?

The CIPS Level 5 module 2 exam requires a competency level of Professional.

What is the Question Format of CIPS L5M2 Exam?

The CIPS Level 5 Module 2 exam consists of multiple-choice questions.

How Can You Take CIPS L5M2 Exam?

The CIPS Level 5 Module 2 exam can be taken either online or in a testing center. The online version of the exam is administered through the CIPS Online Assessment System (COAS). The exam can also be taken in a physical testing center, which is administered by Pearson VUE.

What Language CIPS L5M2 Exam is Offered?

The CIPS L5M2 exam is offered in English.

What is the Cost of CIPS L5M2 Exam?

The cost of the CIPS Level 5 Module 2 exam is £145.

What is the Target Audience of CIPS L5M2 Exam?

The target audience for the CIPS L5M2 Exam is those who wish to become a professional procurement and supply manager in the UK. The exam is designed to assess the knowledge and skills of candidates in the areas of procurement and supply management, including contract and supplier management, risk management, and sustainability.

What is the Average Salary of CIPS L5M2 Certified in the Market?

The average salary for a CIPS L5M2 certified professional varies greatly depending on the industry, location and experience of the individual. Generally speaking, CIPS L5M2 certified professionals can expect to earn an average salary of around $50,000 to $70,000 per year.

Who are the Testing Providers of CIPS L5M2 Exam?

The Chartered Institute of Procurement & Supply (CIPS) is responsible for providing the CIPS Level 5 Diploma in Procurement and Supply (L5M2) exam. The exam is administered by Pearson VUE, a global leader in computer-based testing. Pearson VUE provides a secure testing environment and offers testing centers around the world.

What is the Recommended Experience for CIPS L5M2 Exam?

The recommended experience for the CIPS L5M2 exam is to have at least five years of experience in a professional procurement role. Candidates should have a good understanding of the principles of procurement and the legal and ethical aspects of the profession. They should also have experience in managing suppliers, negotiating contracts, and developing and implementing procurement strategies.

What are the Prerequisites of CIPS L5M2 Exam?

The prerequisite for the CIPS L5M2 exam is that you must have already passed the CIPS Level 5 Diploma in Procurement and Supply.

What is the Expected Retirement Date of CIPS L5M2 Exam?

The expected retirement date for the CIPS L5M2 exam is not available on any official websites. However, you can contact the Chartered Institute of Procurement & Supply (CIPS) directly to inquire about the exam's retirement date. The contact information for CIPS can be found on their website at https://www.cips.org/en-gb/contact-us/.

What is the Difficulty Level of CIPS L5M2 Exam?

The CIPS L5M2 exam is considered to be of medium difficulty level.

What is the Roadmap / Track of CIPS L5M2 Exam?

The certification roadmap for the CIPS L5M2 Exam is as follows:

1. Complete the CIPS Level 5 Diploma in Professional Procurement and Supply
2. Pass the CIPS Level 5M2 Exam
3. Achieve the CIPS Level 5 Advanced Diploma in Professional Procurement and Supply
4. Pass the CIPS Level 6M1 Exam
5. Achieve the CIPS Level 6 Professional Diploma in Procurement and Supply
6. Pass the CIPS Level 6M2 Exam
7. Achieve the CIPS Level 7 Professional Diploma in Strategic Procurement and Supply
8. Pass the CIPS Level 7M3 Exam
9. Achieve the CIPS Level 7 Professional Diploma in Strategic Procurement and Supply Leadership
10. Pass the CIPS Level 8M4 Exam
11. Achieve the CIPS Level 8 Professional Diploma in Strategic Procurement and Supply Management
12. Pass the CIPS

What are the Topics CIPS L5M2 Exam Covers?

1. Procurement and Supply Environment: This topic covers the principles of procurement and supply, the legal and regulatory environment, and the ethical considerations within the field.

2. Strategic Sourcing and Category Management: This topic covers the principles of strategic sourcing, the development of category management strategies, and the application of supplier relationship management techniques.

3. Sourcing and Procurement Operations: This topic covers the principles of sourcing and procurement operations, the use of technology to support procurement activities, and the management of procurement data.

4. Contract Management: This topic covers the principles of contract management, the development of contracts, and the management of contract performance.

5. Supplier Relationship Management: This topic covers the principles of supplier relationship management, the development of effective supplier relationships, and the use of performance management techniques.

6. Logistics and Distribution: This topic covers the principles of logistics and distribution, the management of inventory, and the use of

What are the Sample Questions of CIPS L5M2 Exam?

1. What is the purpose of the CIPS L5M2 exam?
2. What are the key topics covered in the CIPS L5M2 exam?
3. How can an individual prepare for the CIPS L5M2 exam?
4. What is the format of the CIPS L5M2 exam?
5. What are the pass requirements for the CIPS L5M2 exam?
6. What resources are available to help an individual prepare for the CIPS L5M2 exam?
7. How is the CIPS L5M2 exam graded?
8. What type of feedback is available after taking the CIPS L5M2 exam?
9. What type of support is available for individuals who are struggling to pass the CIPS L5M2 exam?
10. What are the benefits of passing the CIPS L5M2 exam?