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CIPS L5M2 Exam Questions

Exam Name: Managing Supply Chain Risk
Exam Code: L5M2
Related Certification(s): CIPS Level 5 Advanced Diploma in Procurement and Supply Certification
Certification Provider: CIPS
Number of L5M2 practice questions in our database: 120 (updated: Aug. 30, 2025)
Expected L5M2 Exam Topics, as suggested by CIPS :
  • Topic 1: Managing Teams and Individuals: This section covers how to evaluate the different schools of thought and the reasoning behind the variety of approaches to the management of themselves, individuals, and groups or teams within organizations.
  • Topic 2: Managing Supply Chain Risk: This section covers a variety of tools and techniques to establish the level of risk in supply chains and to recommend and apply ways of avoiding, mitigating, or managing risk.
  • Topic 3: Managing Contractual Risk: This section evaluates the legal and process issues relating to the formation of contracts and the legal implications of contractual non-conformance. Candidates are tested for the impacts of breach of contract.
  • Topic 4: Advanced Contract and Financial Management: This section deals with developing measures to ensure and improve contract performance as they assess the concept and use of strategic sourcing.
  • Topic 5: Managing Ethical Procurement and Supply: This section explains the impact of and initiatives to improve, sustainability and the managerial approaches to promote ethical practices in procurement and supply.
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Kanisha

2 months ago
Short preparation time? No problem with Pass4Success. Their focused content was exactly what I needed.
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Dexter

2 months ago
Risk governance structures were tested in the exam. Understand the roles and responsibilities of different organizational levels in risk management.
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Judy

3 months ago
Pass4Success practice questions were spot-on! Expect to analyze case studies on supply chain risk events. Practice applying risk management concepts to real-world scenarios.
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Ira

3 months ago
Pass4Success lived up to its name - I passed the Supply Chain Risk exam with flying colors!
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Evette

4 months ago
The exam covered sustainable supply chain practices. Study how sustainability initiatives can mitigate environmental and social risks in supply chains.
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Evan

4 months ago
Just became CIPS certified! Pass4Success made the difference between pass and fail. Thanks!
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Cary

5 months ago
Just passed! Be prepared for questions on risk communication strategies. Understand how to effectively convey risk information to different stakeholders.
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Laura

5 months ago
Grateful for Pass4Success - their concise materials helped me pass the CIPS exam in record time.
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Zana

6 months ago
The exam included scenarios on supplier risk assessment. Know how to evaluate financial, operational, and reputational risks associated with suppliers.
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Dominga

6 months ago
Thanks to Pass4Success, I aced questions on risk quantification methods. Practice using techniques like Monte Carlo simulation and decision tree analysis.
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Laurel

6 months ago
Exam day stress? Not with Pass4Success! Their questions matched the actual test perfectly.
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Solange

6 months ago
Cyber security risks in supply chains were covered. Familiarize yourself with common threats and best practices for protecting supply chain data and systems.
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Terina

7 months ago
The exam tested knowledge of business continuity planning. Study the key components of a BCP and how it relates to supply chain risk management.
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Joesph

7 months ago
CIPS certified! Pass4Success materials were crucial for my success. Thank you for the relevant content!
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Ashton

7 months ago
Supply chain visibility was a recurring theme. Be ready to discuss technologies and practices that enhance transparency and traceability in supply chains.
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Rolande

8 months ago
Just cleared the CIPS Managing Supply Chain Risk exam. The practice questions from Pass4Success were crucial. One difficult question was on Managing Ethical Procurement and Supply, focusing on the impact of unethical practices on brand reputation. I had to weigh the long-term consequences.
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Trinidad

8 months ago
Pass4Success really helped me prepare! Expect questions on risk management frameworks like ISO 31000. Understand the key principles and process steps.
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Cary

8 months ago
Couldn't have passed without Pass4Success. Their practice tests were a lifesaver for last-minute prep!
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Cristen

8 months ago
The exam included questions on stakeholder management in risk contexts. Study techniques for identifying and engaging key stakeholders in risk management processes.
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Felton

8 months ago
I passed the CIPS exam with flying colors, thanks to Pass4Success practice questions. A tricky question was about Managing Teams and Individuals, asking about the best leadership style for a diverse team. I was torn between transformational and situational leadership.
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Brittni

9 months ago
Risk appetite and tolerance concepts appeared in my exam. Make sure you can explain the difference and how they influence risk management decisions.
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Aliza

9 months ago
Happy to report that I passed the CIPS Managing Supply Chain Risk exam. Pass4Success practice questions were a great help. One question that puzzled me was about Managing Supply Chain Risk, specifically on the use of technology in risk mitigation. I wasn't sure if blockchain or AI was more effective.
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Vicki

9 months ago
Aced the Supply Chain Risk exam! Pass4Success questions were incredibly similar to the real thing.
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Jeannetta

9 months ago
Heads up: The exam tests your knowledge of supply chain resilience. Be prepared to discuss strategies for building flexibility and redundancy into supply chains.
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Twanna

9 months ago
I passed the CIPS exam, thanks to the Pass4Success practice questions. There was a challenging question on Advanced Contract and Financial Management, asking about the role of financial hedging in contract management. I had to recall the different financial instruments used for hedging.
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Filiberto

10 months ago
Passed the exam thanks to Pass4Success! There were questions on risk monitoring and review processes. Study continuous improvement techniques and KPIs for risk management effectiveness.
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Ligia

10 months ago
Excited to announce that I passed the CIPS Managing Supply Chain Risk exam. The practice questions from Pass4Success were invaluable. One tough question was on Managing Contractual Risk, focusing on the implications of indemnity clauses. I wasn't certain about the legal ramifications but managed to answer it.
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Tarra

10 months ago
Passed CIPS certification! Pass4Success made a huge difference in my study plan. Highly recommend!
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Lynna

10 months ago
The exam covered risk transfer strategies in depth. Be familiar with insurance, contractual risk allocation, and outsourcing. Understand when each strategy is most appropriate.
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Ria

10 months ago
I did it! Passed the CIPS exam with the help of Pass4Success practice questions. A memorable question was about Managing Ethical Procurement and Supply. It asked about the best practices for ensuring supplier compliance with ethical standards. I debated between regular audits and third-party certifications.
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Leonor

11 months ago
Risk assessment matrices were a key topic in my exam. Practice interpreting and creating these matrices to evaluate likelihood and impact of risks. It's crucial for prioritizing risk management efforts.
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Lilli

11 months ago
Thrilled to share that I passed the CIPS Managing Supply Chain Risk exam. The Pass4Success practice questions were spot on. One challenging question was about Managing Teams and Individuals, specifically on how to handle team conflicts during a project. I wasn't sure if I should prioritize mediation or direct intervention.
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Winfred

11 months ago
Whew, that exam was tough! Glad I used Pass4Success materials - they really helped me prepare quickly.
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Daren

11 months ago
Exam tip: Expect scenarios on supply chain disruptions. You'll need to analyze potential impacts and suggest mitigation strategies. Focus on understanding different types of disruptions and their consequences.
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Bulah

11 months ago
Just passed the CIPS exam! The practice questions from Pass4Success were a lifesaver. There was a tricky question on Managing Supply Chain Risk that asked about the methods to identify potential supply chain disruptions. I had to think hard about the different risk assessment techniques.
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Erasmo

12 months ago
Just passed the CIPS Certified: Managing Supply Chain Risk exam! Be prepared for questions on risk identification techniques. Study common methods like SWOT analysis and brainstorming. Thanks to Pass4Success for the spot-on practice questions!
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Margot

12 months ago
I recently passed the CIPS Managing Supply Chain Risk exam, and I have to say, the Pass4Success practice questions were incredibly helpful. One question that really stumped me was about the key components of Advanced Contract and Financial Management. It asked about the importance of risk allocation in contract terms. I wasn't entirely sure about the best approach, but I managed to get through it.
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Noble

1 years ago
Just passed the CIPS Managing Supply Chain Risk exam! Thanks Pass4Success for the spot-on practice questions.
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Tran

1 years ago
Wow, that CIPS exam was tough! Grateful for Pass4Success - their materials made all the difference. Passed with flying colors!
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Malika

1 years ago
Successfully passed CIPS! Pass4Success's relevant practice questions were key to my quick preparation. Highly recommend!
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Gianna

1 years ago
Aced the CIPS Supply Chain Risk exam! Pass4Success's resources were invaluable. Thanks for the efficient prep materials!
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Yolando

1 years ago
CIPS certified! Pass4Success's exam questions were a lifesaver. Prepared me perfectly in such a short time. Thank you!
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Rosio

1 years ago
Just passed the CIPS Supply Chain Risk exam! Pass4Success's practice questions were spot-on. Thanks for helping me prepare so quickly!
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Free CIPS L5M2 Exam Actual Questions

Note: Premium Questions for L5M2 were last updated On Aug. 30, 2025 (see below)

Question #1

Yusef is a new procurement manager at FRD Incorporated. He is looking through the Risk Assessments for his department and notices that the cause of the risk is not identified. Why might this be?

Reveal Solution Hide Solution
Correct Answer: C

This could be for cultural reasons within the company. P. 135 states that sometimes causes of risk are not recorded as this could lead to a blame culture within the company.


Question #2

A financial instrument used by airlines to fix the price of fuel over a period of time is known commonly as a what?

Reveal Solution Hide Solution
Correct Answer: B

This is a 'swap' and is explained on p.94. This is a type of 'hedging' but there is no such thing as 'a hedge'. For a more in-depth look at Swaps see: https://www.mercatusenergy.com/blog/bid/77634/an-introduction-to-airline-fuel-hedging-strategies-swaps


Question #3

Company X is a large manufacturer of cosmetics and household products. It operates in 57 different countries and has large and complex supply chains. The brand's popularity is partly due to the cheap price of the products compared with its competitors and Company X has recently discovered that child labour has been used within its supply chain. In response to this Company X has donated a large amount of money to charity. What is this an example of?

Reveal Solution Hide Solution
Correct Answer: B

This is Greenwashing. Greenwashing is the process of using a good deed to cover up unethical responsibility. See p. 45. In this example Company X has thrown some money at a charity in order to cover up the fact it has child labour issues within the supply chain. See https://en.wikipedia.org/wiki/Greenwashing


Question #5

Which of the following will you put into box 6?

Reveal Solution Hide Solution
Correct Answer: D

The correct answers are as follows:


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