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| Section | Weight | Objectives |
|---|---|---|
| Asset Operation, Maintenance and Performance | 25% | - Asset utilization and performance monitoring - Maintenance strategies: preventive, corrective, predictive - Inventory and spare parts management - Asset reliability, availability and risk management - Compliance, health, safety and environmental requirements |
| Asset Planning and Acquisition | 25% | - Whole life costing and total cost of ownership - Procurement processes for capital assets - Asset requirements definition and specification - Contract types and supplier selection for assets - Options appraisal: buy, lease, rent, outsource, in-house |
| Sustainability, Ethics and Governance in Asset Management | 15% | - Circular economy and asset lifecycle sustainability - Ethical and responsible sourcing of assets - Sustainable asset management and ESG principles - Governance, standards and regulatory frameworks |
| Principles of Whole Life Asset Management | 20% | - Role and contribution of procurement in asset management - Definition, scope and importance of asset management - Value creation and whole life value concepts - Asset lifecycle stages: planning, acquisition, operation, maintenance, disposal |
| Asset Disposal and End-of-Life Management | 15% | - Asset valuation and residual value calculation - Disposal options: sell, reuse, recycle, donate, scrap - Environmental and legal obligations in disposal - Data management and asset record keeping |
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NEW QUESTION # 82
Manufacturing resources planning (MRP II) was developed from material requirement planning (MRP). Which of the following is the additional input that is available in MRP II but does not ap-pear in MRP?
Answer: A
Explanation:
MRP I was some of the first business software to be widely adopted during the 1970s. Manufacturers sought these systems in order to improve efficiency and accuracy when it came to basic processes such as production scheduling and inventory management.
By the 1980s, manufacturers realized they needed software that could also tie into their accounting systems and forecast inventory requirements. Enter MRP II, which included these integrations in addition to all the capabilities offered by MRP I. Enterprise resource planning (ERP) software features-which we'll cover later on-are included in the following table for comparison.
Reference:
- MRP vs. MRP II: What's the Difference?
- CIPS study guide page 118-119
LO 2, AC 2.3
NEW QUESTION # 83
What is the stock turn for a store holding products to the value of ยฃ250,000 with annual sales of these products amounting to ยฃ1,000,000?
Answer: B
Explanation:
Calculating Inventory Turnover (Stock Turn)
As with a typical turnover ratio, inventory turnover details how much inventory is sold over a period. To calculate the inventory turnover ratio, cost of goods (COGS) is divided by the average inventory for the same period.1 Cost of Goods Sold รท Average Inventory or Sales รท Inventory In this exercise, the stock turn equal to sales divided by inventory, or 1,000,000:250,000 = 4.
NEW QUESTION # 84
ANTA Logistics is looking for a place to build a new, integrated cold chain facility, "Chill Hub", to its customers. Which of the following need to be considered when selecting the location of the new facility?
Select TWO that apply.
Answer: A,B
Explanation:
There are many different factors that must be considered when assessing warehouse and stock locations:
* Operating cost of the location or area
* Availability and suitability of warehouses
* Availability of manpower or labour
* Proximity to suppliers and customers
* Access to transport infrastructure (domestic and international)
* The political and security environment of the location
LO 1, AC 1.1
NEW QUESTION # 85
Which of the following are recognised hidden costs associated with global sourcing?
* Quality control and nonconformance costs
* Increased lead times and inventory carrying costs
* Lower labour and wage costs
* Cost of tariffs and duties in supply chains
Answer: A
NEW QUESTION # 86
Manufacturing resources planning (MRP II) was developed from material requirement planning (MRP).
Which of the following is the additional input that is available in MRP II but does not ap-pear in MRP?
Answer: A
Explanation:
MRP I was some of the first business software to be widely adopted during the 1970s. Manufacturers sought these systems in order to improve efficiency and accuracy when it came to basic processes such as production scheduling and inventory management.
By the 1980s, manufacturers realized they needed software that could also tie into their accounting systems and forecast inventory requirements. Enter MRP II, which included these integrations in addition to all the capabilities offered by MRP I. Enterprise resource planning (ERP) software features-which we'll cover later on-are included in the following table for comparison.
Graphical user interface Description automatically generated
NEW QUESTION # 87
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