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| Section | Objectives |
|---|---|
| Topic 1: Understanding Asset Management | - Principles of whole life asset management
|
| Topic 2: Disposal and End-of-Life Management | - Asset disposal strategies
|
| Topic 3: Risk and Value Management | - Managing asset-related risk
|
| Topic 4: Asset Acquisition and Procurement | - Sourcing and procurement of assets
|
| Topic 5: Operation and Maintenance | - Asset performance and reliability
|
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NEW QUESTION # 129
Staff at DIY Products Inc. (DPI) have been experiencing issues with the identification of stock items. The current labeling system is outdated and unreliable. DPI has therefore invested in a machine-readable approach. Each item has a unique number that is attached visibly to the packaging. This number can be deciphered by a scanner to aid identification. This approach is known as which of the following?
Answer: C
Explanation:
Barcoding allows DPI to label each item uniquely, making it scannable and easy to track. This method increases efficiency, accuracy, and traceability, key aspects of whole-life asset management that improve inventory control and reduce errors in item identification.
NEW QUESTION # 130
Which of the following is the cylindrical container that is suitable for liquids or loose material
Answer: B
Explanation:
Drum is the container for stock, which is usually cylindrical and can be made from a variety of materials.
Contents are usually loose material or liquids
A picture containing tableware, kitchen appliance Description automatically generated
Tote box is the reusable storage box. These can be open or have lids or flaps to close them and come in a large variety of sizes and weight loadings.
A tote is ideal for holding and hauling items such as: tools, fasteners, bark dust, dry cement, cords, wires, smaller boxes,...
For larger and bulkier items, industrial containers make it easy to keep things stored and in one spot for transportation. Due to the metal interior, an industrial container is more appropriate for items that - unlike tools and small pieces of machinery - lack any surface sensitivity.
Solid containers like bins and totes are far from the only storage devices for the various materials that are needed in abundance at factories and warehouses. Another option is the storage bag, which can be used to hold bulk supplies of items until they're needed for the department shelves or assembly lines.
LO 1, AC 1.1
NEW QUESTION # 131
Which of the following is the material handling equipment which uses the suction force to lift an item?
Answer: A
Explanation:
VACUUM LIFTER uses the vacuum pad which attaches itself to a product. The suction force al-lows the product to be lifted (and rotated and placed). Vacuum lifters are used for moving and positioning glass sheets, but are also seen lifting boxes, plastic sacks, sheets of building materials and pipework. Some models feature hydraulic arms which allow easy movement of the lifted load. The lifting system will have a number of sucker pads and vacuum capability which determines the maximum weights and largest items that can be lifted.
DOLLY consists of stack and sets of wheels (either casters or rollers) under the stack that allow the dolly and the heavy object on top of it to move easily and smoothly. For moving in a straight line, rollers is ideal. If you want to move manoeuvrability, dolly with sets of casters will let you swivel and turn.
SACK TRUCK (hand truck) is an L-shaped box-moving handcart. It comprises a small base plat-form with two wheels at the base and a larger vertical structure. A small ledge to set objects on flat against the floor when the sack truck is upright. When moving, the truck and object are then tilted backward based on the vertical structure until the weight is balanced over the large wheels, making otherwise bulky and heavy objects easier to move.
PALLET STACKER is designed to lift and stack pallets. This one is fully mobile so can move easily around the warehouse. An operator would typically sit or stand while driving like a counter-balanced, reach or straddle lift truck.
LO 1, AC 1.3
NEW QUESTION # 132
A procurement manager has agreed a contract for the acquisition of a piece of capital equipment and has negotiated a staged payment contract of 30% with order, 30% on delivery, and the remaining 40% on acceptance testing. Was this the right thing to do?
Answer: C
Explanation:
Staged payments linked to milestones (order, delivery, and acceptance testing) provide a fair and structured approach for both buyer and supplier. They ensure:
* Alignment with performance: Payment is contingent on the supplier meeting specific contract stages, protecting the buyer.
* Risk mitigation: The buyer avoids full payment upfront, reducing financial exposure.
In whole-life asset management, this approach enables better cost control and accountability throughout the equipment's lifecycle.
NEW QUESTION # 133
Objective forecasting techniques must be based on which of the following?
1. Opinions
2. Figures
3. Facts
4. Jugdement
Answer: C
Explanation:
Subjective forecasting uses qualitative methods (surveys, opinions) which relay on perception and opinion.
Objective forecasting uses quantitative methods (facts and figures). Both methods have to make assumption about how closely (or not) the future will resemble the present and the past. Forecasting is never exact.
NEW QUESTION # 134
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