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The CIPS L5M2 exam covers various topics related to risk management, such as supply chain risk categories, risk assessment, mitigation strategies, and recovery plans. Candidates will also learn about the impact of global events, such as natural disasters, cyber threats, and political instability on supply chains. By understanding and mitigating these risks, businesses can minimize the impact of any disruptions and maintain their competitive edge.
CIPS L5M2 (Managing Supply Chain Risk) Certification Exam is a comprehensive assessment of a candidate’s knowledge and skills in managing supply chain risks. Managing Supply Chain Risk certification is offered by the Chartered Institute of Procurement and Supply (CIPS), which is a globally recognized organization that promotes excellence in procurement and supply chain management. L5M2 exam is intended for professionals who want to demonstrate their expertise in managing risks associated with supply chain operations.
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CIPS L5M2 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Understand processes in managing risk in supply chains | - Examine use of contractual and third-party risk remedies - Assess use of insurances and contingency plans |
| Understand risk mitigation strategies in supply chains | - Apply probability and impact assessment techniques - Analyse risk assessments and registers |
| Understand the nature of risk affecting supply chains | - Define different types of risk impacting supply chains - Assess internal and external risk sources in supply chains |
