L5M7 Exam Dumps - Achieving Competitive Advantage Through the Supply Chain (L5M7)

Multi-sourcingmaintainscompetitionand reduces dependency, promoting better pricing and performance from suppliers.

Short cited extract: “Multi-sourcing maintains competitive tension between suppliers.” (L5M7 Study Guide, p. 70)

AClosed Loop Supply Chainreintroduces used products into the supply process forreuse, recycling, or remanufacturing, closing the product’s lifecycle.

Short cited term: “closed loop – materials re-enter supply chain” (L5M7 Study Guide, pp. 5–6).

Relationship effectiveness is damaged bymistrustand poorfeedback/communication. Spend level alone is not inherently harmful if expectations are aligned. Short cited terms: “trust,” “communication/feedback” (L5M7 Study Guide, p.93).

The main relationship drivers aretrust, communication, duration, and problem-solving. Finance alone does not define the relationship type.

Short cited extract: “Key relational attributes: trust, communication, duration, joint problem-solving.” (L5M7 Study Guide, p. 80)

ASpend Analysisidentifies where money is spent and with which suppliers—vital to determine consolidation opportunities before rationalising the base.

Short cited term: “spend analysis precedes supplier rationalisation.” (L5M7 Study Guide, p. 203)

In supplier preferencing,nuisancecustomers havelow value/attractivenesswithlimited growth potential. Short cited terms: “nuisance,” “low attractiveness/low value” (L5M7 Study Guide, p.86).

Local sourcingoffersenvironmental benefits(lower transport footprint) andeasier access for service or maintenance, enhancing responsiveness.

Short cited extract: “Local sourcing provides reduced environmental impact and proximity for support.” (L5M7 Study Guide, p. 70)

Supply chains are characterised bythree primary flows– materials, information, and finance. “Decision flow” is not a recognised category.

Short cited term: “three main flows: material, information, finance.” (L5M7 Study Guide, p. 155)