Free PDF L5M9 - Operations Management Accurate Latest Exam Review

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CIPS L5M9 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Principles of Operations Management15-20%- Linkages between operations, procurement and supply chain
- Value creation, efficiency and effectiveness
- Input-transformation-output model
- Definition, scope and role of operations management
- Operations strategy alignment with organizational goals
Topic 2: Operational Risk, Sustainability and Ethics15-20%- Sustainable operations: green practices, circular economy
- Ethical and responsible operations management
- Identifying, assessing and mitigating operational risks
- ESG considerations in operational design and delivery
Topic 3: Process Design, Planning and Improvement20-25%- Continuous improvement methodologies: Kaizen, Six Sigma, Lean, BPR
- Benchmarking and process optimization
- Process mapping, workflow and design principles
- Capacity planning, demand management and resource allocation
- Forecasting, scheduling and inventory management
Topic 4: Quality Management and Performance Measurement15-20%- Total Quality Management (TQM) concepts and application
- Measuring efficiency, productivity and customer satisfaction
- Quality control, assurance and improvement tools
- Quality standards: ISO 9000 series and related frameworks
- Key Performance Indicators (KPIs) for operations
Topic 5: Lean, Agile and Responsive Operations15-20%- Lean principles: waste elimination, value stream mapping
- Application in manufacturing, service and public sectors
- Comparison and integration of lean and agile
- Agile approaches: flexibility, responsiveness and speed

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CIPS Operations Management Sample Questions (Q55-Q60):

NEW QUESTION # 55
Little Joy Ltd is a large company with several functional departments. Below are details of four departments. For each, you must decide which functional area of the business the department is, as well as the SERVQUAL Gap that each Department Lead is concerned with.
Department 1: This department is concerned with the creation of products. The products are created in line with BS EN 716-1 and undergo vigorous tests before they leave the factory. Many customers are unaware of the additional costs of testing to BS EN 716-1 and complain about the price of this product line.
Department 2: Other departments of the business are internal customers of this functional area and approach the Department Lead when they require something to be bought. Often the internal customers have unrealistic expectations of the timescales involved in the process and the Department Lead spends a lot of time explaining lead times and logistics.
Department 3: This functional area creates the budgets for the company and emails these to the Department Leads at the beginning of every quarter. Due to the complexity of the documents, other functional areas of the business often don't understand the information provided.
Department 4: This area of the business is concerned with revenue, which has recently slumped. The Department Lead is conducting market surveys to find out the reason for this.
Complete the table below by listing the Functional Area of the business, and the corresponding SERVQUAL Gap. Each response should only be used once: procurement, finance, sales, production, satisfaction gap, delivery gap, standards gap, communication gap.
Little Joy Ltd is a large company with several functional departments. Below are details of four departments. For each, you must decide which functional area of the business the department is, as well as the SERVQUAL Gap that each Department Lead is concerned with.
Department 1: This department is concerned with the creation of products. The products are created in line with BS EN 716-1 and undergo vigorous tests before they leave the factory. Many customers are unaware of the additional costs of testing to BS EN 716-1 and complain about the price of this product line.
Department 2: Other departments of the business are internal customers of this functional area and approach the Department Lead when they require something to be bought. Often the internal customers have unrealistic expectations of the timescales involved in the process and the Department Lead spends a lot of time explaining lead times and logistics.
Department 3: This functional area creates the budgets for the company and emails these to the Department Leads at the beginning of every quarter. Due to the complexity of the documents, other functional areas of the business often don't understand the information provided.
Department 4: This area of the business is concerned with revenue, which has recently slumped. The Department Lead is conducting market surveys to find out the reason for this.
Complete the table below by listing the Functional Area of the business, and the corresponding SERVQUAL Gap. Each response should only be used once: procurement, finance, sales, production, satisfaction gap, delivery gap, standards gap, communication gap.

Which of the following will you put into box 4?

Answer: A

Explanation:
The correct answers are as follows:


NEW QUESTION # 56
Which of the following do you need to know in order to work out the gross profit margin of an item? Select TWO

Answer: B,C

Explanation:
The formula for working out gross profit is (revenue - cost of goods sold) divided by revenue. Therefore 2 and 3 are correct. It's unlikely you will have to do any mathematical calculations in this exam, but if you do they'll be super easy and there is a calculator inbuilt into the system you can use. There's a couple of different cost formulas on p.78 but these will be familiar to you already from Level 4.


NEW QUESTION # 57
Khaled has recently been hired as an Operations Manager at a company providing consultancy services. This is his first role in the service industry, previously he has worked at companies providing goods. He understands that services are intangible and therefore there is a difference in how Operations may be managed. Which of the following sentences about services are true? Select THREE

Answer: A,B,E

Explanation:
The correct sentences are 2, 3 and 5. This is from the table comparing services and goods on p.47. Note that you can ask for a refund if you're unhappy with a service, but you can't physically return the service you've received. Option 1 is incorrect- there is no transfer of ownership with services (there is with goods). Option 4 is incorrect as every service is different- there is a high level of variability in delivery.


NEW QUESTION # 58
How can a company measure the dependability of an item it produces? Select TWO

Answer: B,C

Explanation:
1 and 5 are characteristics of dependability (p.76). 2 is about speed, 3 is about flexibility and 4 is about cost.


NEW QUESTION # 59
Continuous Operations is a manufacturing methodology which is driven by forecasted customer numbers and has a low level of work-in-progress inventory. Is this true?

Answer: D

Explanation:
Firstly, look to see if the statement is true or false. It is true (this is taken from the table comparing continuous operations to intermittent operations on p.15). Therefore you can automatically discount options 3 and 4. Between 1 and 2, option 1 is incorrect as there is a high level of automation in continuous operations.


NEW QUESTION # 60
......

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