CIPS Exam L5M2 Topic 4 Question 38 Discussion

Actual exam question for CIPS's L5M2 exam

Question #: 38
Topic #: 4

[All L5M2 Questions]

Chloe is a procurement manager at Ruby Company. She has been asked to join a cross-functional team to review the company's risk appetite, potential risks within the supply chain and brainstorm mitigating actions. Chloe has suggested that the cross-functional team should first draw up a list of potential supply chain risks and potential strategies to overcome the risks. Is Chloe correct?

Ayes- the first thing the team should look at are the risks and categorise these by topic

Byes- the team should focus on creating a risk register and strategies for mitigating risks as quickly as possible

Cno- the team should review the company's risk appetite before creating a risk register

Dno- Chloe should first speak with suppliers before drawing up the list of potential supply chain risks

Show Suggested Answer

Suggested Answer: A

The correct answers are as follows:

by Charlie at Jul 12, 2024, 02:14 PM

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Stefan

2 months ago

Wait, we're supposed to be *mitigating* risks, not *creating* them! Chloe, let's make sure we don't accidentally invent some new supply chain nightmares, okay?

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Fletcher

6 days ago

Wait, we're supposed to be *mitigating* risks, not *creating* them! Chloe, let's make sure we don't accidentally invent some new supply chain nightmares, okay?

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Jannette

15 days ago

B) yes- the team should focus on creating a risk register and strategies for mitigating risks as quickly as possible

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Ammie

1 months ago

A) yes- the first thing the team should look at are the risks and categorise these by topic

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Curtis

2 months ago

Creating a risk register and mitigation strategies ASAP? Sounds like someone's trying to get a promotion! Chloe, slow down and do it right. This isn't a race.

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Carlota

8 days ago

Creating a risk register and mitigation strategies ASAP? Sounds like someone's trying to get a promotion! Chloe, slow down and do it right. This isn't a race.

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Glory

1 months ago

B) yes- the team should focus on creating a risk register and strategies for mitigating risks as quickly as possible

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Kimbery

1 months ago

A) yes- the first thing the team should look at are the risks and categorise these by topic

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King

2 months ago

Chloe's suggestion makes sense. But I think speaking with suppliers first would give the team more insight into the actual risks in the supply chain. That's a better starting point than guessing.

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Eleni

2 months ago

I disagree. The team should review the company's risk appetite first. That will guide their approach to mitigating the risks. Can't create a risk register without understanding the organization's risk tolerance.

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Salley

1 months ago

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Kate

1 months ago

A) yes- the first thing the team should look at are the risks and categorise these by topic

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Angella

2 months ago

Absolutely, Chloe is on the right track. Identifying the risks and categorizing them is the logical first step. It'll help the team get a comprehensive overview of the potential issues.

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