CIPS L4M7 Whole-life Assets Management Online Training
CIPS L4M7 Online Training
The questions for L4M7 were last updated at Nov 20,2024.
- Exam Code: L4M7
- Exam Name: Whole-life Assets Management
- Certification Provider: CIPS
- Latest update: Nov 20,2024
Which of the following is the correct statement about total ordering cost?
- A . Rise as the average stock level rises
- B . Equal the number of orders placed times the cost of placing an order
- C . Rise as the order quantity rises
- D . Fall with the per period usage rate
Variability of lead time
- A . 1 and 3 only
- B . 1 and 2 only
- C . 2 and 4 only
- D . 3 and 4 only
ASI Ltd is known for its commitment to sustainability. ASI builds railroad ties and pilings using recycled plastic bottles and industrial waste instead of standard materials such as wood, steel, and cement. This practice helps the company save 15% in compare with traditional material purchases.
Which pillar of sustainability would include the practice of ASI Ltd?
- A . People and Planet
- B . Profit and Expense
- C . Planet and Profit
- D . Profit and People
GAP Ltd is a growing retail business. It spends a lot of money on buying stock for sale. However, the procurement process is still largely manual. This manual process contains a lot of tasks that are repeated for each procurement event and time consuming. The company management team decides to adopt procure-to-pay (P2P) software in order to eliminate duplicate activities and improve process efficiencies.
Which type of cost is GAP targeting?
- A . Holding costs
- B . Acquisition costs
- C . Disposal costs
- D . Cost of stockouts
A brewery sells its beer in aluminum cans. It recycles the cans by using contractors to collect and mold the used cans.
This is an example of…?
- A . Closed-loop recycling
- B . Carbon recycling
- C . Open-loop recycling
- D . Reuse
A hospital is purchasing a new software product that will advise nurses when to give medications to hospitalised patients. This is a mobile application that will be used on tablets carried by the nurses. The software is being developed and tested by a company that specialises in mobile medical applications. This software will interface with existing hospital software that orders the medications from the pharmacy.
Which acceptance test activity will be required to check whether the new software integrates well with current IT system?
- A . Health and safety testing
- B . Dry running
- C . Stress testing
- D . Compatibility testing
Among different types of costs associated with inventory, the costs of obtaining purchase approvals are…?
- A . Purchasing price
- B . Costs of stockouts
- C . Acquisition costs
- D . Holding costs
Which of the following refer to material used for filling the void left in the box but they have poor environmental profile?
- A . Polystyrene chips
- B . Cages
- C . Metal racking
- D . Polypropylene straps
In the periodic review system, the order quantity is the same for each order. Is this statement true?
- A . No, the next order quantity must be larger than the previous one
- B . No, the inventory position at each review point differs from each other
- C . Yes, in periodic review system items are reviewed when the Kanban is triggered
- D . Yes, the order quantity should be equal to economic order quantity
An organisation always obtains negative cash flow regarding removal and disposal of assets. Is this statement true?
- A . No, the organisation may recover the value of the assets by reselling it
- B . Yes, the organisation incurs high maintenance cost during the disposal processes
- C . Yes, some assets require enormous decommissioning costs
- D . No, disposal of assets always bring positive cash flow to the organisation
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