CIPS L4M7 Whole-life Assets Management Online Training
CIPS L4M7 Online Training
The questions for L4M7 were last updated at Nov 19,2024.
- Exam Code: L4M7
- Exam Name: Whole-life Assets Management
- Certification Provider: CIPS
- Latest update: Nov 19,2024
The following are examples of scheduled maintenance except…
- A . Oil changes and regular servicing
- B . Overhauling of machine
- C . Repair signage damage from a recent storm
- D . Cleaning of tank
The following are examples of scheduled maintenance except…
- A . Oil changes and regular servicing
- B . Overhauling of machine
- C . Repair signage damage from a recent storm
- D . Cleaning of tank
The following are examples of scheduled maintenance except…
- A . Oil changes and regular servicing
- B . Overhauling of machine
- C . Repair signage damage from a recent storm
- D . Cleaning of tank
The following are examples of scheduled maintenance except…
- A . Oil changes and regular servicing
- B . Overhauling of machine
- C . Repair signage damage from a recent storm
- D . Cleaning of tank
ANTA Logistics is looking for a place to build a new, integrated cold chain facility, “Chill Hub”, to its customers.
Which of the following need to be considered when selecting the location of the new facility? Select TWO that apply.
- A . Availability of the building
- B . Ease of objective forecasting on inventory level
- C . Volume of obsolescent stock
- D . Accessibility to roads and highways
- E . Availability of product coding system
The ABC approach involves classifying inventory items by unit cost, with expensive items classified as ‘A’ items and low cost items classified as ‘C’ items. Is this statement true?
- A . Yes, ‘A’ items represent approximately 20% of total unit prices
- B . Yes, ‘C’ items with the lowest unit prices are the tail spends
- C . No, ABC analysis considers the usage of each inventory item
- D . No, ABC analysis considers the supply risks associated with an inventory item
Which of the following costs does the EOQ minimise?
- A . Total cost of safety stock
- B . Total cost of ordering inventory
- C . Total cost of annual inventory cost
- D . Total cost of carrying stock
A major investment bank is planning to purchase a complex banking system that will interface with multiple applications at varying times of the day. Before deploying the system, there are various levels of testing that must be performed through joint testing between the in-house team and off-shore testing consultants. The testing will be performed in a resource-constrained shared environment and managed by the on-shore development team.
The costs for testing are generally classified as…?
- A . Insurance
- B . Maintenance costs
- C . Acquisition costs
- D . Purchase prices
What is the stock turn for a store holding products to the value of £250,000 with annual sales of these products amounting to £1,000,000?
- A . 10
- B . 4
- C . 0.25
- D . 0.4
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