The CIPS Managing Supply Chain Risk (L5M2) exam is a good choice and if the candidate manages to pass CIPS Managing Supply Chain Risk exam, he/she will earn CIPS Level 5 Advanced Diploma in Procurement and Supply Certification. Below are some essential facts for CIPS L5M2 exam candidates:
What would happen if a company enacts its Contingency Agreement following a natural disaster?
Correct : B
They will receive operational help from a third party is the correct answer. Unlike insurance, a contingency plan provides operational help, not just financial. This could be in providing an emergency workspace, helping to get IT systems back up and running or providing emergency air freight. This is explained on p.91-92 of the study guide
There are three main areas where third party suppliers are used in risk management. What are they?
Correct : C, D, E
3 4 and 5 are the correct answers. This is from p. 79 of the textbook - each of these three areas is then covered in detail throughout chapter 2.2.
