Available Number of Questions: Maximum of
255 Questions
Exam Name: Whole Life Asset Management
Related Certification(s):
CIPS Level 4 Diploma in Procurement and Supply Certification
CIPS L4M7 Exam Topics - You’ll Be Tested in Actual Exam
The CIPS L4M7 exam is a challenging yet rewarding assessment that tests your knowledge and understanding of procurement and supply chain management. This exam covers a wide range of topics, including strategic procurement and supply management, where you'll learn to align procurement with organizational goals and develop effective strategies. It delves into category management, teaching you to identify and manage categories of goods and services efficiently. You'll explore supplier relationship management, learning to build and maintain strong partnerships. The exam also covers ethical and sustainable procurement, emphasizing the importance of responsible practices. Risk management is a key focus, ensuring you can identify and mitigate potential risks. Additionally, you'll study e-procurement and innovation, staying updated with technological advancements. Contract management equips you with skills to negotiate and manage contracts effectively. Lastly, you'll delve into performance measurement and improvement, learning to evaluate and enhance supply chain performance. With a comprehensive understanding of these topics, you'll be well-prepared to tackle the CIPS L4M7 exam and excel in the field of procurement and supply chain management.
CIPS L4M7 Exam Short Quiz
Attempt this CIPS L4M7 exam quiz to self-assess your preparation for the actual CIPS Whole Life Asset Management exam. CertBoosters also provides premium CIPS L4M7 exam questions to pass the CIPS Whole Life Asset Management exam in the shortest possible time. Be sure to try our free practice exam software for the CIPS L4M7 exam.
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CIPS L4M7 Exam Quiz
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CIPSL4M7
Q1:
U-shape flow layout can utilise handling equipment if the high demands items locate adjacent to shipping docks. Is this statement true?
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ANo, because aisles between racks in U-shape flow are too small for any handling equipment
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BYes, because U-shape layout allows S-line routing more efficient
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CNo, because cross-docking is impossible in U-shape flow warehouse
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DYes, because this layout places receiving docks and despatch docks close to one another
CIPSL4M7
Q2:
The purchase-order lead time is the...?
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APeriod between receiving a customer order and producing the products
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BTime needed to correct errors in the defective products
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CPeriod between placing an order and its delivery
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DPeriod between receiving a customer order and delivering the items
CIPSL4M7
Q3:
XYZ Ltd is a retailer in the US. Their customers' demand for Thanksgiving and Christmas decora-tions usually rises in the end of the year. This irregular demand results in more required storage space for finished goods during peak seasons. Which of the following are possible solutions for dealing with required additional space?
1. Maximising aisle width
2. Keeping high buffer stock throughout the year
3. Maximising flexibility in warehouse layout
4. Installing mezzanine floor
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A1 and 3 only
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B2 and 4 only
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C1 and 2 only
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D3 and 4 only
CIPSL4M7
Q4:
The minimal total cost is always achieved when there is only one warehouse. Is this statement true?
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ANo, fewer warehouse may lead to increasing transport costs
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BYes, because the operation cost for warehouse reaches minimal level
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CYes, because warehouse overheads are fully utilised
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DNo, more warehouses will reduce the cost of storage
CIPSL4M7
Q5:
Toll Group has thousands of end-of-life IT assets that need to be disposed of. The senior manage-ment of Toll Group is largely concerned about sustainability in waste management, especially electronic waste. Before selecting a supplier to manage the process, the procurement team is required to assess the environmental risks regarding disposal of the assets. Risk assessment is basically based on the measurement of which factors?
