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CIPS L4M7 Exam Overview:

Certification Vendor:CIPS (Chartered Institute of Procurement & Supply)
Exam Name:Whole Life Asset Management
Exam Number:L4M7
Available Languages:German, English, Portuguese, Italian, Chinese, Spanish, French
Exam Price:ยฃ140 - ยฃ180 (varies by region, member/non-member)
Exam Format:Multiple-choice questions, Objective response format
Passing Score:70%
Certificate Validity Period:Valid for 3 years after certification
Exam Duration:90 minutes
Real Exam Qty:60
Related Certifications:Level 3 Advanced Certificate in Procurement and Supply Operations
Level 5 Advanced Diploma in Procurement and Supply
Recommended Training:CIPS Accredited Training Providers
L4M7 Official Study Guide
Exam Registration:CIPS Official Exam Booking
Sample Questions:CIPS L4M7 Sample Questions
Exam Way:Online remote proctored or in-person at approved test centres
Pre Condition:No mandatory prerequisites; recommended for learners with Level 3 qualification or relevant work experience
Official Syllabus URL:https://www.cips.org/exam-booking/l4m7-whole-life-asset-management-core

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CIPS L4M7 exam is an important certification for professionals who work in the field of asset management. L4M7 exam is designed to test the candidate's understanding of the principles, concepts, and practices of whole life asset management. L4M7 exam covers a wide range of topics, including the identification of assets, their valuation, maintenance, and disposal. L4M7 Exam also covers key principles of whole life asset management, such as environmental sustainability and social responsibility.

CIPS Whole Life Asset Management Sample Questions (Q142-Q147):

NEW QUESTION # 142
Perm Limited has a small warehouse where staff find it difficult to estimate when a supplier's shipment will arrive. This issue has affected business planning. Which of the following could Penu Limited use to provide real-time data on the status of orders and deliveries in the supply chain?

Answer: D


NEW QUESTION # 143
What is meant by the term 'obsolete stock'?

Answer: C

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 Food ingredients (like candy canes) which are out of date are another example.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: CIPS study guide page 86-88
LO 2, AC 2.1


NEW QUESTION # 144
Your company has established the number of new warehouses it requires and the locations it wishes to build them. The next step is to think about the structural design and capacity. There are different factors to consider in getting these things correct. Which of the following factors can influence the design of a new warehouse facility?

Answer: C


NEW QUESTION # 145
Which of the following statements represent a definition for 'obsolescence' in inventory management? Select TWOthat apply.

Answer: A,D


NEW QUESTION # 146
The chief procurement officer (CPO) of TL Communications Ltd is preparing a tender document for a two year cleaning services contract. The CPO has decided that the tender will be awarded on a fixed price. What is the advantage of using a fixed price for the contract?

Answer: A


NEW QUESTION # 147
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