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CIPS L4M7 Exam is divided into three units, each of which is designed to build on the knowledge and skills developed in the previous unit. The first unit covers the principles of asset management and the importance of whole-life costing. The second unit focuses on the procurement of assets, including the selection of suppliers, contract management, and the use of procurement tools and techniques. The third unit covers the operation and maintenance of assets, including performance management, risk management, and the use of technology in asset management.
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CIPS L4M7 Exam is an essential certification for professionals seeking to improve their knowledge and skills in the field of asset management. It covers a wide range of topics related to the planning, design, construction, operation, maintenance, and disposal of assets, and is suitable for individuals who work in asset management or who are interested in pursuing a career in this field. CIPS Whole Life Asset Management certification is recognized worldwide and is highly valued by employers in various industries.
NEW QUESTION # 17
Which of the following materials handling equipment can be used in the warehouse? SelectTHREEthat apply.
Answer: A,C,E
NEW QUESTION # 18
TriProducts Inc. cannot access further capital to invest in inventory. The company has traditionally maintained a low inventory level. However, a situation has arisen for the company where demand was much higher than expected. As a result, the level of safety stock was too low to fill all orders. Which of the following is likely to be the impact for TriProducts Inc?
Answer: B
NEW QUESTION # 19
A hospital is purchasing a new software product that will advise nurses when to give medications to hospitalised patients. This is a mobile application that will be used on tablets carried by the nurses. The software is being developed and tested by a company that specialises in mobile medical applications. This software will interface with existing hospital software that orders the medications from the pharmacy. Which acceptance test activity will be required to check whether the new software integrates well with current IT system?
Answer: D
Explanation:
In the scenario, one of the requirements for the new software is that the new one will interface with current system. Compatibility testing would be the most appropriate test here.
There are also other acceptance tests that are mentioned in L4M7 study guide:
- Health and safety test aims at establishing new health and safety routines, providing guidance notices and documentation and ensuring designed-in safety in operation.
- Stress testing (sometimes called torture testing) is a form of deliberately intense or thorough testing used to determine the stability of a given system, critical infrastructure or entity. It involves testing beyond normal operational capacity, often to a breaking point, in order to observe the results.
- A dry run (or a practice run) is a testing process where the effects of a possible failure are inten-tionally mitigated. For example, an aerospace company may conduct a "dry run" test of a jet's new pilot ejection seat while the jet is parked on the ground, rather than while it is in flight.
The usage of "dry run" in acceptance procedures (for example in the so-called FAT = factory ac-ceptance testing) is meant as following: the factory - which is a subcontractor - must perform a complete test of the system it has to deliver before the actual acceptance by customer.
Reference: CIPS study guide page 150-151
LO 3, AC 3.1
NEW QUESTION # 20
Which of the following can replace pallets as bases for unit loads but they require push pull acces-sories to retrieve or discharge unit load?
Answer: B
Explanation:
The system of slip sheet load handling involves the use of a thin sheet of material, the slip sheet, as a base on which items are assembled as a unit load for handling, storage, and transport. The slip sheet is used in conjunction with a pallet, if desired, at certain stages in the distribution cycle. If all lift trucks in the cycle are equipped with the proper attachment, an appropriate slip sheet is the only material handling base required.
Slip sheet requires special push pull accessories and usually use thin and wide forks.
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Skids are generally described as single-deck pallets and do not have bottom flatted layer which makes them less bulky and cheaper than conventional pallets but also less universal in their use.
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Shrink wrap, also referred to as shrink film or shrink wrap, is a versatile polymer material used for the packaging of finished goods. Heat is applied to the film - by either a conveyor heat tunnel or an electric or gas heat gun - which catalyzes the film to shrink tightly around the item placed within. This process results in a clear, durable barrier of protection around the product.
Post pallets have a simple metal structure with four uprights and substantial feat to take the load. These may be free standing, but many are designed for the feet to interlock with the posts of another post pallet so that the stack can be created.
NEW QUESTION # 21
Assuming that all other factors are constant except one, the net present value of a capital expendi-ture increases when...?
Answer: A
Explanation:
Net present value (NPV) is the 'today' net value that deprives from 'future' cash flow of an invest-ment or a capital purchase.
The following formula is used to calculate NPV
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Where:
Rt is the net cash flow (cash inflow - cash outflow) during the period t i is the discount rate t is the number of time periods As you can conclude from the above formula, the net present value increases when the numerators (net cash flows) increase and/or denominators (1+i) decrease. So the correct answer should be "Net cash flow during a time period increases" The purpose of this exercise is to help you identify the factors that influence the net present value and how to increase/decrease NPV in real-world scenario.
NEW QUESTION # 22
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