CIPS L5 Advanced Diploma

L5M2 Managing Supplychain Risk

Comprehensive practice questions, covering each learning outcome of the module, with correct answer explanations. Created by our expert tutors to replicate the style and content of questions you will find in your exam.

Course curriculum

  • 1

    Chapter 1 - The nature of risk affecting supply chains

    • LO|1.1 Define the different types of risk that can impact on supply chains

    • LO|1.2 Assess operational risks in supply chains

    • LO|1.3 Compare methods for eliminating bribery, corruption and fraud in supply chains

    • LO|1.4 Contrast risks in supply chains that can impact on organisational corporate social responsibility and sustainability standards
  • 2

    Chapter 2 - Processes in managing risk in supply chains

    • LO|2.1 Examine the use of contractual remedies for managing risks in supply chains.

    • LO|2.2 Analyse the use of outsourced third parties in risk management in supply chains

    • LO|2.3 Assess the use of insurance for protection against risks in supply chains

    • LO|2.4 Examine the use of contingency plans to overcome risks in supply chains
  • 3

    Chapter 3 - Risk mitigation strategies in supply chains

    • LO|3.1 Identify use of probability and impact assessments to manage risks in supply chains

    • LO|3.2 Analyse a risk assessment and a risk register to mitigate risks in a supply chain

    • LO|3.3 Explain the development of a risk management culture and strategy to improve supply chains

    • LO|3.4 Compare strategic approaches to mitigate risks in supply chains