Pass the CIPS CIPS Level 5 Advanced Diploma in Procurement and Supply L5M7 Questions and answers with CertsForce

RIDDOR(Reporting of Injuries, Diseases and Dangerous Occurrences Regulations) relates tohealth and safetyperformance measurement—tracking workplace incidents and compliance.

Short cited extract: “RIDDOR statistics relate to health and safety reporting.” (L5M7 Study Guide, p.141)

According toPorter’s Five Forces, new automated competitors represent athreat of new entrants, introducing innovation and market pressure.

Short cited extract: “New entrants increase competition and threaten existing players.” (L5M7 Study Guide, p.56)

AnAgilesupply chain prioritisesflexibility and responsivenessto customer and market changes—ideal for dynamic industries like electronics.

Short cited extract: “Agility = rapid response to changing demand.” (L5M7 Study Guide, p.155)

Open-Book Costingfosterstrust and collaborationby ensuring both parties share detailed cost data and maintain open, transparent communication.

Short cited extract: “Open-book costing requires transparency and communication between partners.” (L5M7 Study Guide, p.193)

Competitive advantageis adistinct capabilitythat allows an organisation tooutperform its rivals, whether through cost efficiency, quality, innovation, or service.

Short cited term: “advantage that enables outperforming competitors” (L5M7 Study Guide, p. 2).

The5S Methodology—Sort, Set in order, Shine, Standardise, Sustain—originates from Lean philosophy to promote efficiency and discipline in operations.

Short cited extract: “5S – a Lean technique for organisation and cleanliness in the workplace.” (L5M7 Study Guide, p.166)