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CIPS L4M7 (CIPS Whole Life Asset Management) Certification Exam is a professional qualification designed to equip candidates with the knowledge and skills required to manage assets throughout their entire lifecycle. CIPS Whole Life Asset Management certification exam is offered by the Chartered Institute of Procurement and Supply (CIPS), which is a globally recognized professional body for procurement and supply chain management.
CIPS L4M7 certification exam consists of a series of modules that cover different aspects of asset management. These modules include strategic asset management, risk management, financial management, performance management, and sustainability. Each module is designed to provide candidates with a comprehensive understanding of the principles and practices of asset management, as well as the tools and techniques required to manage assets throughout their life cycle.
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CIPS L4M7: CIPS Whole Life Asset Management exam is designed for procurement professionals who are interested in developing skills and knowledge in the area of asset management. L4M7 Exam focuses on the entire lifecycle of assets, from acquisition to disposal, and emphasizes the importance of effective asset management in achieving organizational goals.
NEW QUESTION # 104
In order to cover for higher than normal demand and to ensure that stock does not run out. a company may hold buffer stock known as ...
Answer: C
NEW QUESTION # 105
A warehouse manager is evaluating the use of Automated Guided Vehicles (AGVs) within a repetitive task environment. After reviewing their use and price, the manager decided to invest in several AGVs. Were they correct in doing this?
Answer: B
NEW QUESTION # 106
Which of the following refer to material used for filling the void left in the box but they have poor environmental profile?
Answer: D
Explanation:
Void filling is the general term giving to the challenge of filling the space left in a box after the products have been packed. This means that if there is no void filling material, the product inside can move around and could be damaged. Materials to fill voids to secure contents
* Polystyrene (PS) is a synthetic aromatic hydrocarbon polymer made from the monomer known as styrene.
[5] Polystyrene can be solid or foamed. General-purpose polystyrene is clear, hard, and rather brittle. It is an inexpensive resin per unit weight. It is a rather poor barrier to oxygen and water vapour and has a relatively low melting point.[6] Polystyrene is one of the most widely used plastics, the scale of its production being several million tonnes per year.[7] Polystyrene can be naturally transparent, but can be coloured with colourants. Uses include protective packaging (such as packing peanuts and CD and DVD cases), containers, lids, bottles, trays, tum-blers, disposable cutlery[6] and in the making of models. Polystyrene is generally considered to be non-biodegradable. However, certain organisms are able to degrade it, albeit very slowly.
* Chips made of bio-degradable materials
* Absorbent and fire-resistant material
* Shredded paper, cardboard or wood-Based material
* Paper or cardboard rolls
* Bubble wrap
* Air-filled cushions
* Self expanding foam
Straps are used to group items into unit load. Polypropylene or polyester are the materials most often used.
The wider the strap, the stronger it will be. Using more than one strap and straps for length and width will create a strong place for stock.
NEW QUESTION # 107
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 # 108
Bulk loose coal that requires massive handling system should be stored in which area?
Answer: C
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 # 109
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