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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Asset Disposal and End-of-Life Management | 15% | - Environmental and legal obligations in disposal - Data management and asset record keeping - Disposal options: sell, reuse, recycle, donate, scrap - Asset valuation and residual value calculation |
| Topic 2: Principles of Whole Life Asset Management | 20% | - Value creation and whole life value concepts - Asset lifecycle stages: planning, acquisition, operation, maintenance, disposal - Role and contribution of procurement in asset management - Definition, scope and importance of asset management |
| Topic 3: Sustainability, Ethics and Governance in Asset Management | 15% | - Ethical and responsible sourcing of assets - Governance, standards and regulatory frameworks - Sustainable asset management and ESG principles - Circular economy and asset lifecycle sustainability |
| Topic 4: Asset Operation, Maintenance and Performance | 25% | - Asset reliability, availability and risk management - Maintenance strategies: preventive, corrective, predictive - Inventory and spare parts management - Asset utilization and performance monitoring - Compliance, health, safety and environmental requirements |
| Topic 5: Asset Planning and Acquisition | 25% | - Asset requirements definition and specification - Procurement processes for capital assets - Options appraisal: buy, lease, rent, outsource, in-house - Whole life costing and total cost of ownership - Contract types and supplier selection for assets |
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NEW QUESTION # 15
Which of the following allow the operators to access higher levels in warehouse facility? Select TWO that apply:
Answer: A,C
Explanation:
It is important to ensure safe working in storage facilities, and access to higher shelves or racking presents a challenge. Lifting at full reach becomes a problem at relative low weight. There can also be danger for other workers who are around someone working at height, from the movement of equipment or dropping stock from a height.
Scissor platforms are used in high-roof warehouses to gain access to lighting, high-racking units and sections of wall and roof.
ORDER PICKER is manual or powered device - some with ride-on capability and some without. This allow for low-level, medium-level and high-level picking of various items. Many are equipped with forks to allow transfer capability of larger picked boxes. Higher-level and narrow or very narrow -aisle versions have the ability to elevate operators on the front platform to higher racking to pick items.
Grabs are designed to hold stock either width-wise or from above. These are either specific devices designed for grabbing materials or are available as an accessory to forklift trucks.
Carousels are space-efficient, rotating devices which allow access to a large range of product from a single location. Designs are variable, with carousels rotating horizontally or vertically until the required items can be retrieved.
Stacker-cranes are designed for the automated storage and retrieval of unit loads, in high-bay warehouses.
They travel in aisles equipped with guide rails, electrical supply, data transmission and control systems. To ensure the storage and retrieval functions, the stacker-crane carries out three types of movement : long-travel, lifting and picking.
NEW QUESTION # 16
The development and implementation of whole-life asset management may be reserved for significant purchases, most typically determined by which of the following features?
1. Long-lasting
2. High spend
3. Quality checks
4. Product scarcity
Answer: D
NEW QUESTION # 17
Bulk loose coal that requires massive handling system should be stored in which area?
Answer: B
Explanation:
Materials that will not easily deteriorate, are generally stored in open or fairly covered areas (stockyard). The materials are usually in bulk, like steel plates or coils casting, timber coal, steel barrels, cable drums, piping, lampposts, lorries, etc.
Stockyards are open or semi-covered areas that are used for the following:
- Bulk loose or packaged materials
- Bulky or oversized items that may be difficult to move inside
- Materials that may require specialised handling, loading or unloading Below image shows the example of a stockyard that stores loose coal and its handling system.
LO 1, AC 1.1
NEW QUESTION # 18
Which of the following statements about radio frequency identification (RFID) is NOT true?
Answer: B
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: CIPS study guide page 49-50
LO 1, AC 1.2
NEW QUESTION # 19
Lean principle focuses on eliminating eight types of waste. Waste in Lean manufacturing is defined as...?
Answer: C
Explanation:
Lean thinking aims to remove wastes from work processes. Before diving into the 8 wastes, it is important to understand what waste is. Waste is any action or step in a process that does not add value to the customer. In other words, waste is any process that the customer does not want to pay for.
The original seven wastes (Muda) was developed by Taiichi Ohno, the Chief Engineer at Toyota, as part of the Toyota Production System (TPS). The seven wastes are Transportation, Inventory, Motion, Waiting, Overproduction, Overprocessing and Defects. They are often referred to by the acronym 'TIMWOOD'. The
8th waste of non-utilized talent or 'Skills' of workers was later introduced in the 1990s when the Toyota Production System was adopted in the Western world. As a result, the 8 wastes are commonly referred to as
'TIMWOODS'.
Source: The lean way
NEW QUESTION # 20
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