New 2026 Latest Questions L5M6 Dumps – Use Updated CIPS Exam [Q55-Q75]

Q55. In Category Management, which of the following Models can be used for creating a step-by-step plan for Strategic Sourcing?

Q56. The objective of negotiation with a supplier is to ensure the Five Rights of Procurement. Which of the following are part of the Five Rights? Select THREE.

Q57. A new supplier to a marketplace is using break-even pricing to determine the price at which to sell a product.
Which of the following does this type of pricing structure not consider? Select TWO.

Q58. In a Sourcing Business Model, stakeholders must answer key questions to determine the right model.
Which are the most important?

Q59. In order for Category Management to succeed, is business commitment and stakeholder buy-in essential?

Q60. Derek is a Supply Chain Manager conducting a risk assessment. A supplier from 10,000 miles away could fail to deliver, and the risk is classified as major. Using a 1-5 scale for severity and likelihood, which score applies?

Q61. The sale of ice-cream, bikinis and sunglasses usually follows which demand pattern?

Q62. In A.T. Kearney’s 7 Step Model of Strategic Sourcing, which of the following should be done first?

Q63. Ted is a potato farmer from Devon. He sells his potatoes to many local customers including restaurants, wholesalers and manufacturers. For one customer, Ted is keen to drive a premium price for his potatoes as he is confident the customer can afford to pay more. What type of customer is this to Ted?

Q64. Jonah is a Procurement Specialist responsible for a sub-category of work which includes procuring skilled labour for construction. Sub-categories can also be known as what within a Category?

Q65. In Category Management, which is the best way to group materials and/or services?

Q66. Which category of spend item would be most suitable to purchase through an e-auction?

Q67. In a marketplace where there is a large number of suppliers, which of the following is true?

Q68. Teddy Ltd has created a virtual cross-functional procurement team across divisions. What could become a barrier to success?

Q69. “Survival of the fittest” is a concept in supplier relationships. Which of the following does it describe?

Q70. Which of the following are benefits of Category Management? Select THREE.

Q71. ABC Ltd wishes to ensure compliance across its supply chain.
Which of the following are steps that can be taken to ensure compliance with regulations and standards including CSR?

Q72. CEB Research states that there are 6 competencies which drive strategic performance in Procurement. The ability to stay calm under pressure and handle criticism is which competency?

Q73. Which of the following forms of historical data can be used to inform Category Management expenditure?
Select THREE.

Q74. When implementing procurement projects, it is important for Category Managers to consider the “human side” of change. Why is this?

Q75. What is a ‘black swan’ event?