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L5M2 Exam Questions & Answers

Managing Supply Chain Risk  •  CIPS

120 Questions Updated Sep 2026 99% Pass Rate
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Sample L5M2 Questions

Practice with real exam-style questions, each with the verified correct answer and explanation.

Q1 MultipleChoice

Portobello is an Italian manufacturing company that produces canned tomato sauces. It imports a lot of its tomatoes from Latin America as there isn't the capacity to grow that many tomatoes in Italy. One of the major risks posing Portobello is that the tomatoes must be transported via cargo ship, and there is a risk that the ship may sink, or be delayed by bad weather. Portobello has taken out insurance to cover the cost of the tomatoes should this happen. What technique has Portobello used?

Correct Answer: C
Explanation:

The risk has been transferred to the insurance company. This question is based on the 4Ts from p.32- this is a popular exam topic, for both the multiple choice questions and the drag and drop

Q2 MultipleChoice

Which of the following will you put into box 6?

Correct Answer: C
Explanation:

The correct answers are as follows:

Q3 MultipleChoice

Which of the following models would be used to explore internal and external risks to a business?

Correct Answer: C
Explanation:

SWOT is used for this. S + W is strengths and weaknesses, which are internal risks. O+T are opportunities and threats which are external risks. See p. 12 for more information

Q4 MultipleChoice

Which of the following will you put into box 3?

Correct Answer: C
Explanation:

An aging workforce is a strategic risk for the business.

Q5 MultipleChoice

A black swan event is what type of occurrence?

Correct Answer: D
Explanation:

A black swan event is an unusual occurrence - something that is rare. See p.124

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Frequently Asked Questions

The L5M2 (Managing Supply Chain Risk) is a Level 5 module certification offered by CIPS (Chartered Institute of Procurement & Supply). It is designed for procurement and supply chain professionals who want to develop expertise in identifying, assessing, and mitigating risks within supply chain operations.

The exam covers key areas including supply chain risk identification, risk assessment methodologies, mitigation strategies, supplier risk management, and organizational resilience. It also addresses business continuity planning, geopolitical risks, and the integration of risk management into strategic procurement decisions.

The L5M2 exam is typically 3 hours long and consists of scenario-based questions that test practical application of knowledge. The pass mark is generally set at 50% or above, though this may vary depending on the specific examination session.

CIPS provides official study materials including textbooks, e-learning modules, and practice assessments. Candidates should also consider enrolling in accredited training courses, joining study groups, and reviewing case studies related to real-world supply chain risks and mitigation strategies.

The L5M2 exam is typically delivered as a computer-based assessment (CBA), though delivery methods may vary by examination center and location. Candidates should check with their local CIPS examination center for specific details about the format and scheduling options available.
Exam Details
  • Exam CodeL5M2
  • VendorCIPS
  • Total Questions120
  • LanguageEnglish
  • Last UpdatedSep 2, 2026
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