L4M7 VALID TEST REGISTRATION & ONLINE L4M7 BOOTCAMPS

L4M7 Valid Test Registration & Online L4M7 Bootcamps

L4M7 Valid Test Registration & Online L4M7 Bootcamps

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Tags: L4M7 Valid Test Registration, Online L4M7 Bootcamps, New L4M7 Braindumps, Exam L4M7 Tutorial, Reliable L4M7 Test Experience

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CIPS L4M7 Exam consists of a series of multiple-choice questions and is divided into five units. These units cover topics such as asset management policy and strategy, asset information and data management, asset management planning and implementation, performance and risk management, and disposal and replacement of assets. L4M7 Exam is challenging and requires a thorough understanding of asset management principles and practices. However, with proper preparation and study, professionals can pass the exam and earn the CIPS L4M7 certification.

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100% Pass Quiz 2025 Perfect L4M7: CIPS Whole Life Asset Management Valid Test Registration

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The CIPS L4M7 Exam is designed for those who are looking to take their career to the next level and gain a competitive edge in the industry. The CIPS L4M7 exam covers a range of topics including asset identification, classification, valuation, maintenance, and disposal. These topics are essential for anyone looking to become an asset management professional.

CIPS Whole Life Asset Management Sample Questions (Q218-Q223):

NEW QUESTION # 218
Which of the following best describes the relationship between a service level and safety stock?

  • A. A service level increases in proportion to an increase in safety stock
  • B. A service level decreases in proportion to a decrease in safety stock
  • C. A safety stock is not always required to achieve a required service level
  • D. When safety stock is zero the service level always equals zero.

Answer: C

Explanation:
Holding extra stocks will always improve customer service levels, or at least reduce the risk of them falling.
This implies that if an organisation aims at higher service levels, they should have larger safety stock.
However, increasing safety stock is not the only solution to improve service level. The widespread adoption of just-in-time (JIT) techniques particularly in the automotive industry has greatly reduced costs with increased service levels as well as the additional benefit of increased problem visibility.
The correct answer should be 'A safety stock is not always required to achieve a required service level'.


NEW QUESTION # 219
Which of the following is NOT an improvement available in ERP II in compare with ERP?

  • A. ERP II crosses all sectors and segments of business, including service, government and asset-based industries
  • B. ERP II offers better integration with other proprietary software
  • C. ERP II systems are closed and silo-working
  • D. ERP II enables the organisation to collaborate with trading partners across the supply chain

Answer: C

Explanation:
The main improvements from ERP to ERP II are the following:
- ERP II is web enabled as compared to Conventional ERP Which is not.
- ERP is restricted to provide selected exhaustive or rigorous or wide-spread coverage in its mod-ules. But as compared to ERP, ERP II provides the true and accurate blend of the macro and the micro and affords customers with curative actions/measures after identifying the slip-up/error or fault;
- ERP was embattled more headed for manufacturing or industrialization and the dilemma or difficulty is conquer in ERP II by endowing clarification for all kind of industries and sectors.
- ERP is not in the position or could not possibly integrate/incorporate diverse functions from di-verse departments/divisions but ERP II could possibly do so as well as from different industries as compared to conventional ERP.
- For WEB and WAP connectivity ERP II grip CRM and SCM Functionalities.
- ERP II be obliged the function and purpose to an external/outdoor one and smooth the progress of better networks than remaining as internal/interior application.
Reference:
- Next Generation Enterprise Resource Planning: ERP II
- CIPS study guide page 119-122
LO 2, AC 2.3


NEW QUESTION # 220
Which of the following statements is true of just-in-time (JIT) purchasing?

  • A. JIT purchasing is guided solely by the EOQ model because that model emphasizes the tradeoff between relevant carrying and ordering costs
  • B. Only disadvantage of JIT purchasing is the higher level carrying and inspection costs
  • C. In JIT purchasing, the optimal safety-stock level is the quantity of safety stock that minimizes the sum of annual relevant stockout and carrying costs
  • D. In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales

Answer: D

Explanation:
Just-in-time (JIT) purchasing is a systems approach for developing and operating the purchasing function. JIT purchasing along with the total quality management in many industries has been suc-cessful in reducing inventory and increasing the overall effectiveness of purchasing function and hence the productivity of manufacturing.
The just-in-time objectives of eliminating waste can be summarised in the 'five zeros: zero defects, zero set-up times, zero inventories, zero handling and zero lead times.
The correct answer should be 'In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales' because it expresses that upstream activity (purchasing) only occurs as the downstream activity (production or sales) triggers.


NEW QUESTION # 221
Which of the following are essential aspects that are required for the successful implementation of Just-In- Time (JIT)? SelectTWOthat apply.

  • A. All parts arriving must be of a quality standard which is usable and free from defects
  • B. Suppliers must hold a buffer stock of components to ensure that they are able to meet JIT demand
  • C. The purchasing of parts in bulk at lower prices covers the costs of delivery and storage required for JIT
  • D. The cost of carrying increased parts inventory to meet customer demand is transferred to the customer
  • E. Parts must arrive where they are needed, when they are needed, and in the exact quantity needed

Answer: A,E


NEW QUESTION # 222
U-shape flow layout can utilise handling equipment if the high demands items locate adjacent to shipping docks. Is this statement true?

  • A. Yes, because this layout places receiving docks and despatch docks close to one another
  • B. Yes, because U-shape layout allows S-line routing more efficient
  • C. No, because cross-docking is impossible in U-shape flow warehouse
  • D. No, because aisles between racks in U-shape flow are too small for any handling equipment

Answer: A

Explanation:
A 'U' flow occurs when the goods receipt and dispatch functions are located at the same end of a warehouse building.
Products flow in at receiving, move in to storage in the back of the warehouse, and then to shipping, which is located at the adjacent to receiving on the same side of the building.
Items with higher throughput level are located closer to the loading bays. An example of a 'U' flow design can be seen in the diagram below.

Advantages of 'U' Flow
- Excellent utilization of dock resources because the receiving and shipping processes can share dock doors
- Facilitating cross-docking because the receiving and shipping docks are adjacent to one another and may be co-mingled
- Excellent lift truck utilization because put away and retrieval trips are easily combined and be-cause the storage locations closest to the receiving and shipping docks are natural locations to house fast moving items
- Yields excellent security because there is a single side of the building used for entry and exit Reference:
LO 1, AC 1.1


NEW QUESTION # 223
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