Biography
Valid CIPS L4M7 Test Materials - L4M7 Latest Questions
Our L4M7 study materials include 3 versions and they are the PDF version, PC version, APP online version. You can understand each version’s merits and using method in detail before you decide to buy our L4M7 learning guide. And the content of the three different versions is the same, but the displays are totally different according to the study interest and hobbies. And it is quite enjoyable to learn with our L4M7 Exam Questions.
The CIPS L4M7 exam covers a wide range of topics, including asset identification, valuation, maintenance, and disposal. Candidates will learn how to develop effective asset management strategies that align with organizational goals and objectives. They will also learn how to implement best practices in asset management to ensure that assets are utilized to their fullest potential.
CIPS L4M7 Certification Exam is aimed at professionals who are involved in asset management, including procurement and supply chain professionals, facilities managers, engineers, and operations managers. L4M7 exam is also relevant for anyone who is involved in asset management in any other capacity or industry.
>> Valid CIPS L4M7 Test Materials <<
Valid CIPS Whole Life Asset Management test answers, valid L4M7 exam dumps
Life is full of choices. Selection does not necessarily bring you happiness, but to give you absolute opportunity. Once missed selection can only regret. Free4Dump's CIPS L4M7 exam training materials are necessary to every IT person. With this materials, all of the problems about the CIPS L4M7 will be solved. Free4Dump's CIPS L4M7 exam training materials have wide coverage, and update speed. This is the most comprehensive training materials. With it, all the IT certifications need not fear, because you will pass the exam.
The Chartered Institute of Procurement and Supply (CIPS) L4M7 exam, also known as the Whole Life Asset Management exam, is a professional certification program designed for procurement and supply chain practitioners. CIPS Whole Life Asset Management certification is highly valuable for the individuals who work in industries that deal with assets, including construction, real estate, energy, transportation, public sector, etc. The CIPS L4M7 Exam provides a comprehensive understanding of how to manage assets throughout their entire lifecycle. CIPS Whole Life Asset Management certification is globally recognized and offers an opportunity for professionals to attain a highly sought-after credential in the procurement and supply chain world.
CIPS Whole Life Asset Management Sample Questions (Q132-Q137):
NEW QUESTION # 132
When deciding on the storage facilities and locations, an organisation needs to assess the current situation comprehensively and forecast the future demands. Quantitative analysis is the best method for these activities.
Is this statement true?
- A. No, some intangible information is difficult to collect and measure
- B. No, subjective judgements are the best as they compensate for weaknesses of quantita-tive analysis
- C. Yes, quantitative analysis is easy to implement as it is based on 'hard' facts
- D. Yes, quantitative analysis provides a reality based on numerical values
Answer: A
Explanation:
Decisions regarding stores and warehouse locations involve a complex range of issues that are unique to each business. Most storage facilities and location decisions are based on a combination of qualitative and quantitative analysis.
Qualitative analysis uses subjective judgment to analyze a situation based on non-quantifiable in-formation, such as potential markets for new products, forecast on possible risks that may happen, etc.
Quantitative analysis (QA) is a technique that uses mathematical and statistical modeling, meas-urement, and research to understand behavior. Quantitative analysts represent a given reality in terms of a numerical value.
This may include the following:
- Cost analysis for the current premises and future predictions based on current premises
- Cost analysis for routine operations
- Current inventory performance measures: lead times, service levels, rate of stock turn, stock-outs in a given period and stock cover To get a big picture of current situation and future demands, organisation should combine both qualitative and quantitative methods so that useful information is achieved and well-informed decisions are made.
NEW QUESTION # 133
Which of the following statements about radio frequency identification (RFID) is NOT true?
- A. RFID tags contain a microchip in which data of an item are saved
- B. RFID systems can be complied with GS1 standards
- C. RFID systems transmit radio signals over extreme long distances.
- D. RFID is a powerful technology for tracking the movement of goods throughout the supply chain
Answer: C
Explanation:
RFID tags have very limited range. The following table was extracted from Wikipedia:
RFID tags can be used to do the following:
- Track individual items
- Track boxes of products, cages of products and pallet
- Track containers with multiple loads
- Locate equipment within a building
- Trigger alarms should equipment or stock be removed without authorisation.
RFID tags are made of three different components: an RFID chip, which is an integrated circuit (IC), an antenna, and a substrate. RFID chips are very small integrated circuit incorporating a small memory capability - many are smaller than 2mm square and 2mm thick. Despite its size, many can hold 2000 characters of data. Many retailers simply use the tag as a thick label and print both sides with product information and perhaps a barcode.
It is important to note that there are multiple standards in use for RFID - some of these are standardised for industries but there are also national standards in operations. These standards need to be investigated before investment as not all readers work with all cards. GS1 is a non-for-profit organisation which make the standards for barcodes and RFID.
Reference:
LO 1, AC 1.2
NEW QUESTION # 134
What is meant by the term 'obsolete stock'?
- A. Stock which has become outdated
- B. Stock which has been stolen
- C. Low value/low risk stock
- D. Damaged stock
Answer: A
Explanation:
Obsolescent stock is stock, usually finished goods, which is in good condition and satisfactory working but for which demand is irreversibly falling towards zero. Once this demand reaches zero the stock can be considered 'obsolete'. It cannot be used or sold in its current state. Food ingredients (like candy canes) which are out of date are another example.
Reference:
LO 2, AC 2.1
NEW QUESTION # 135
Long-term forecasting of demand using a subjective method is based on a ...
- A. quantitative, explicit, statistical, or formal method
- B. predicted cash flow forecast levels used by the organization
- C. method of calculating the price in detail within the supply chain
- D. qualitative, informal, clinical, experienced-based or intuitive method
Answer: D
Explanation:
Subjective demand forecasting relies on qualitative methods that draw on expert experience and intuition rather than quantitative data. This includes techniques like the Delphi method, where experts provide insights based on their judgment. In whole-life asset management, subjective forecasting may complement data-driven forecasts when historical data is limited or demand patterns are unpredictable.
NEW QUESTION # 136
Which of the following refer to material used for filling the void left in the box but they have poor environmental profile?
- A. Cages
- B. Polypropylene straps
- C. Metal racking
- D. Polystyrene chips
Answer: D
Explanation:
Void filling is the general term giving to the challenge of filling the space left in a box after the products have been packed. This means that if there is no void filling material, the product inside can move around and could be damaged. Materials to fill voids to secure contents
* Polystyrene (PS) is a synthetic aromatic hydrocarbon polymer made from the monomer known as styrene.
[5] Polystyrene can be solid or foamed. General-purpose polystyrene is clear, hard, and rather brittle. It is an inexpensive resin per unit weight. It is a rather poor barrier to oxygen and water vapour and has a relatively low melting point.[6] Polystyrene is one of the most widely used plastics, the scale of its production being several million tonnes per year.[7] Polystyrene can be naturally transparent, but can be coloured with colourants. Uses include protective packaging (such as packing peanuts and CD and DVD cases), containers, lids, bottles, trays, tum-blers, disposable cutlery[6] and in the making of models. Polystyrene is generally considered to be non-biodegradable. However, certain organisms are able to degrade it, albeit very slowly.
* Chips made of bio-degradable materials
* Absorbent and fire-resistant material
* Shredded paper, cardboard or wood-Based material
* Paper or cardboard rolls
* Bubble wrap
* Air-filled cushions
* Self expanding foam
Straps are used to group items into unit load. Polypropylene or polyester are the materials most often used.
The wider the strap, the stronger it will be. Using more than one strap and straps for length and width will create a strong place for stock.
NEW QUESTION # 137
......
L4M7 Latest Questions: https://www.free4dump.com/L4M7-braindumps-torrent.html
