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| Certification Vendor: | CIPS (Chartered Institute of Procurement & Supply) |
|---|---|
| Exam Name: | Whole Life Asset Management |
| Exam Number: | L4M7 |
| Related Certifications: | Level 5 Advanced Diploma in Procurement and Supply Level 3 Advanced Certificate in Procurement and Supply Operations |
| Available Languages: | French, German, Portuguese, Italian, English, Chinese, Spanish |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 60 |
| Exam Price: | £140 - £180 (varies by region, member/non-member) |
| Certificate Validity Period: | Valid for 3 years after certification |
| Exam Format: | Objective response format, Multiple-choice questions |
| Passing Score: | 70% |
| Recommended Training: | L4M7 Official Study Guide CIPS Accredited Training Providers |
| Exam Registration: | CIPS Official Exam Booking |
| Sample Questions: | CIPS L4M7 Sample Questions |
| Exam Way: | Online remote proctored or in-person at approved test centres |
| Pre Condition: | No mandatory prerequisites; recommended for learners with Level 3 qualification or relevant work experience |
| Official Syllabus URL: | https://www.cips.org/exam-booking/l4m7-whole-life-asset-management-core |
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問題 #131
Which of the following lists all components, ingredients, and materials required to produce the final product?
答案：B
解題說明：
Master production schedule (MPS) plans items that have "direct" demand, or "independent de-mand." With independent demand, the demand comes from sales orders, service orders, or fore-casts, and the demand comes directly from customer-or forecasted-requirements. It is the list that provides the timing of the production schedule and shows how much each machine can produce, how many shifts are used, etc.
A bill of materials (BOM) is a comprehensive inventory of the raw materials, assemblies, subas-semblies, parts and components, as well as the quantities of each, needed to manufacture a product.
問題 #132
Which ONE of the following correctly differentiates between obsolescent and redundant stock?
答案：B
問題 #133
Which of the following purchases are most likely to have low acquisition costs? Select TWO that apply.
答案：B,D
解題說明：
According to L4M7 study guide, acquisition costs in procurement are the costs associated with the activities involved in a purchase. A buying organisation incurs acquisition costs in low-value purchases as well as high- value purchases. The following purchases tend to have lower acquisition costs:
- Straight re-buy from a current supplier
- Purchase of standard catalogued products
Otherwise, any purchases of high value, high-risk items generally require greater attention of buying organisation and thus, they are likely to have higher acquisition costs. Spot purchase of a technically complexed machinery, Purchase of ERP system and Procurement of construction projects are examples of high-value, high-risk purchases.
Reference: CIPS study guide page 148-149
LO 3, AC 3.1
問題 #134
XYZ Ltd is a highly profitable leading industrial distributor with over 60,000 products and an enviable record for customer service. After undertaking preliminary discussions it was decided to analyse the value-adding activities that contribute to XYZ's flagship products. The company is conducting which of the following activities?
答案：D
解題說明：
According to Hines and Rich, value stream refers to specific parts of the firms that actually add value to the specific product or service under consideration. XYZ Ltd is mapping the value stream by analysing the value- adding activities that contribute to their most important product.
Postponement is a business strategy which maximizes possible benefit and minimizes risk by delaying further investment into a product or service until the last possible moment. An example of this strategy is Dell Computers' build-to-order online store. One of the earliest references to the concept was in a paper by Zinn and Bowersox in the Journal of Business Logistics. They highlighted five types: Labelling, Packaging, Assembly, Manufacturing and Time postponements.
Kanban (##) (signboard or billboard in Japanese) is a scheduling system for lean manufacturing and just-in- time manufacturing (JIT). Taiichi Ohno, an industrial engineer at Toyota, developed kanban to improve manufacturing efficiency. Kanban is one method to achieve JIT. The system takes its name from the cards that track production within a factory. For many in the automotive sector, kanban is known as the "Toyota nameplate system".
Put simply, silo working occurs when several departments or groups within that organisation do not want to share information or knowledge with other individuals they work with.
問題 #135
Is it correct to state that the accuracy of demand forecasts depends on the accuracy of the available information?
答案：C
解題說明：
Demand forecasting accuracy relies on the validity and reliability of available data. Forecasting is strengthened when information sources are credible, accurate, and consistently updated. In whole-life asset management, precise forecasting minimizes excess inventory and aligns inventory levels with demand, reducing holding costs and improving supply chain efficiency.
問題 #136
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