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| Certification Vendor: | CIPS |
|---|---|
| Exam Name: | CIPS Whole Life Asset Management |
| Exam Number: | L4M7 |
| Exam Price: | Please check CIPS official website for current pricing |
| Passing Score: | Not publicly disclosed (pass/fail only) |
| Exam Format: | Scenario-based, Calculation, Multiple Choice |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Certificate Validity Period: | No expiry (certification requires ongoing CPD) |
| Exam Duration: | 60 minutes |
| Related Certifications: | CIPS Level 4 Diploma in Procurement and Supply |
| Sample Questions: | CIPS L4M7 Sample Questions |
| Exam Way: | Computer-based examination available at CIPS approved centers worldwide. |
| Pre Condition: | Candidates are recommended to have completed CIPS Level 3 or have relevant procurement/supply chain experience. |
| Official Syllabus URL: | https://www.cips.org/qualifications/level-4-advanced-diploma/l4m7-whole-life-asset-management/ |
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CIPS L4M7, also known as the CIPS Whole Life Asset Management Exam, is a comprehensive certification program that focuses on managing and maintaining assets throughout their entire lifecycle. L4M7 Exam is specifically designed for procurement professionals, who are responsible for the acquisition, management, and disposal of assets, including property, plant, and equipment.
NEW QUESTION # 137
Which component of an RFID device is responsible for sending and receiving radio waves?
Answer: B
Explanation:
RFID tags are made of three different components: an RFID chip, which is an integrated circuit (IC), an antenna, and a substrate. RFID Antennas are necessary elements in an RFID system be-cause they convert the RFID reader's signal into RF waves that can be picked up by RFID tags. Without some type of RFID antenna, whether integrated or stand-alone, the RFID reader cannot properly send and receive signals to RFID tags.
NEW QUESTION # 138
Which of the following best describes available inventory (also known as inventory position)?
Answer: B
Explanation:
Available inventory (or Inventory position - IP) is equal to inventory on-hand plus quantity on order minus backorder (if any) Reference:
LO 2, AC 2.3
NEW QUESTION # 139
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: D
NEW QUESTION # 140
Which of the following code systems is commonly used by governments as a basis for their Cus-toms tariffs and for the collection of international trade statistics?
Answer: D
Explanation:
The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO) (formerly the Customs Co-operation Council), an independent intergovernmental organization based in Brussels, Belgium, with over 200 member countries.
The Global Trade Item Number (GTIN) is an identifier for trade items, developed by GS1. Such identifiers are used to look up product information in a database (often by entering the number through a barcode scanner pointed at an actual product) which may belong to a retailer, manufacturer, collector, researcher, or other entity.
The Global Location Number can be used by companies to identify their locations, giving them complete flexibility to identify any type or level of location required.
The International Mobile Equipment Identity (IMEI) is a number, usually unique, to identify 3GPP and iDEN mobile phones, as well as some satellite phones.
Reference:
LO 1, AC 1.2
NEW QUESTION # 141
MRP software is a powerful tool for managing material requirements of manufacturing processes. To keep the software function well, an organisation must have appropriate input dat a. Which of the following are the inputs of MRP software? Select THREE that apply.
Answer: A,B,C
Explanation:
A powerful benefit of MRP system is the capacity to produce exception reports, which show deviations from normal planning and performance. These enable anomalies to be investigated with a view to improve future forecasting.
Material requirement planning is an electronic system for combining the following:
- Known demand
- Forecast demand. Known demand and forecasted demand are shown in master production schedule.
- Bill of materials for the final product
- Inventory records
Reference:
LO 2, AC 2.3
NEW QUESTION # 142
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