CIPS L5M2 - Managing Supply Chain Risk
Envy Manufacturing has several factories located in countries with poor reputations for human rights. It is concerned about potential risks of child labour being used within the supply chain. Envy Manufacturing has therefore decided to enlist the support of a third party auditing company to audit its factories. How should these audits be conducted? Select TWO
Controlling a risk through the development of actions that can minimise the impact the organisation will suffer as a result of the risk event is known as what control?
Company X is a large manufacturer of cosmetics and household products. It operates in 57 different countries and has large and complex supply chains. The brand's popularity is partly due to the cheap price of the products compared with its competitors and Company X has recently discovered that child labour has been used within its supply chain. In response to this Company X has donated a large amount of money to charity. What is this an example of?
Company DDD has recently seen a drop in share price and has high levels of Work-in-Progress (WIP) due to late supplier deliveries. Which of the following is the type of risk the business facing?
Which of the following will you put into box 6?
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Description automatically generatedThe CBCI and DBCI are professional qualifications in which area?
Which of the following will you put into box 5?
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Description automatically generatedWhich of the following will you put into box 4?
Kevin is a consultant who works for himself and is predominantly based at home, except for when he visits clients. He has recently taken on a role advising a client about the feasibility of building a new railway station in a village. Which of the following insurances would be vital for Kevin to take out?
Which of the following will you put into box 1?
