Most Recent CIPS A7 Exam Questions & Answers

Prepare for the CIPS An Introduction to Purchasing Strategy exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIPS A7 exam and achieve success.

The questions for A7 were last updated on Dec 19, 2024.

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Question No. 1

An organization buys critical components from a supplier that has a monopoly in the market. Which of the following best describes the transaction of the buying organization?

ANuisance

BTransactional

CReactive

DBottleneck

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Correct Answer: A

Question No. 2

'Our people are the source of our strength. They provide our corporate intelligence and determine our reputation and vitality.' This extract from the Ford Motor Company is an example of which of the following?

AA mission statement

BA statement of guiding principles

CA vision statement

DA value statement

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Correct Answer: B

Question No. 3

Meeting or exceeding customer expectations is a key component of which of the following?

ATQM

BQA

CQC

DISO 14000

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Correct Answer: C

Question No. 4

With which of the following is vendor rating mainly concerned?

ASecuring the lowest possible cost for purchases

BEnsuring that future deliveries are made on time

CEnsuring that supplier capacity is sufficient

DMeasuring the suppliers performance over time

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Correct Answer: A

Question No. 5

Which of the following best describes the term total lead time?

AThe time elapsing from the need arising for a product to the payment of the suppliers invoice

BThe time elapsing between the placing of a purchase order for a product and its delivery to your warehouse

CThe time elapsing between the need for a product arising and the delivery of that product to the user

DThe time elapsing from the receipt of the purchase order for a product by the supplier to the delivery of that product to the user.

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Correct Answer: A

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