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| Certification Vendor: | CIPS (Chartered Institute of Procurement & Supply) |
|---|---|
| Exam Name: | Whole Life Asset Management |
| Exam Number: | L4M7 |
| Available Languages: | English |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Exam Format: | Computer-based objective test, Multiple-choice questions |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | No expiry (qualification does not expire once awarded) |
| Recommended Training: | CIPS Official Learning Resources Approved CIPS Study Centres |
| Exam Registration: | CIPS Exam Registration Information CIPS Official Website - Qualifications |
| Sample Questions: | CIPS L4M7 Sample Questions |
| Exam Way: | Computer-based exam delivered at approved test centres or online proctored (depending on region and provider availability) |
| Pre Condition: | Part of the CIPS Level 4 Diploma in Procurement and Supply; candidates are typically required to be enrolled in the qualification pathway. |
| Official Syllabus URL: | https://www.cips.org |
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CIPS L4M7 exam covers a wide range of topics related to asset management, including the importance of asset registers, asset condition assessments, and risk analysis. Candidates will learn about the different types of assets, such as buildings, vehicles, and equipment, and how to manage them throughout their entire lifespan. They will also explore the various techniques used to optimize asset performance and reduce costs.
CIPS L4M7 Exam is ideal for professionals who are looking to enhance their knowledge and skills in the field of asset management. L4M7 exam is suitable for individuals who are involved in the management of physical assets, such as buildings, infrastructure, and equipment. It is also suitable for professionals who are involved in the management of other types of assets, such as financial assets or intellectual property.
NEW QUESTION # 143
Which of the following best describe the function of MRP?
Answer: C
Explanation:
Material requirement planning (MRP) is a production planning and material (inventory) control system used in manufacturing. Objectives of MRP are to ensure materials are available for production while minimising inventory and to plan production and procurement activities.
MRP process is described in the graph below:
Reference:
LO 2, AC 2.3
NEW QUESTION # 144
Which is the best definition of reorder point?
Answer: A
Explanation:
Reorder point is the point either in time or in a process when the next order should be placed.
Reference: CIPS study guide page 113
LO 2, AC 2.3
NEW QUESTION # 145
Can RFID tags work when they are attached to metal surfaces or embedded within metal products?
Answer: C
Explanation:
Mounting or embedding RFID tags on metal can be tricky. Metal surfaces reflect energy emitted from RFID readers and create interference for RFID tag antennas, which means the tag isn't able to receive power and transmit information; however, specific RFID tags will work around metal sur-faces. RFID companies have patented technology that allows RFID to work when attached to metal surfaces and even embedded within metal products. As long as you choose the correct RFID equipment for your environment and application, you won't need to worry about interference from metal.
NEW QUESTION # 146
Which of the following is another name for scheduled (routine) maintenance?
Answer: B
NEW QUESTION # 147
Which of the following statements represent a definition for 'obsolescence' in inventory management? Select TWOthat apply.
Answer: B,D
NEW QUESTION # 148
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