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

BPRexamines and redesignsworkflows and processesto remove waste and maximise efficiency and customer value.

Short cited extract: “BPR – radical review of workflows to achieve major efficiency improvements.” (L5M7 Study Guide, p. 111)

TheKraljic Matrixplotssupply riskagainstprofit (cost) impactto determine supplier strategy (leverage, bottleneck, routine, strategic).

Short cited extract: “Matrix axes – profit impact vs supply risk.” (L5M7 Study Guide, p. 83)

Variable Pricingchanges the unit price based onquantity purchased; larger volumes trigger discounts.

Short cited term: “price varies with quantity ordered.” (L5M7 Study Guide, pp. 188–191)

TheSCQFintegrates factors that promote long-term excellence across the chain:leadership, stakeholder commitment, sustainability, information management, and continuous improvement. These underpin effective quality and performance.

Short cited term: “key features include sustainability, information and continuous improvement.” (L5M7 Study Guide, p. 34)

TQM is aholisticphilosophy requiringorganisation-wideadoption and leadership commitment; partial/isolated adoption undermines results. Short cited terms: “holistic,” “organisation-wide commitment” (L5M7 Study Guide, p.118).

The hierarchy extendsbeyond Black Belt, includingMaster Black BeltsandChampions, who provide leadership and strategic direction.

Short cited term: “Master Black Belt and Champion above Black Belt.” (L5M7 Study Guide, p. 153)

Effective quality measurement requiresSMART data—Specific,Measurable,Achievable,Relevant, andTime-bound—ensuring that data supports actionable improvement.

Short cited extract: “Data should be SMART to allow accurate performance analysis.” (L5M7 Study Guide, p.140)

Technology enhancesbuyer access to data, broadening supplier choice and transparency, whichreduces supplier power.

Short cited term: “technology has reduced suppliers’ bargaining power” (L5M7 Study Guide, p. 66).