BTW, DOWNLOAD part of Exam4Docs L4M7 dumps from Cloud Storage: https://drive.google.com/open?id=152EnEvkMp9jSv0w_ty6hRX6h1uCshHKJ
The CIPS modern job market is becoming more and more competitive and challenging and if you are not ready for it then you cannot pursue a rewarding career. Take a smart move right now and enroll in the CIPS Whole Life Asset Management (L4M7) certification exam and strive hard to pass the CIPS Whole Life Asset Management (L4M7) certification exam. The CIPS Whole Life Asset Management (L4M7) certification exam offers you a unique opportunity to learn new in-demand skills and knowledge.
| Section | Objectives |
|---|---|
| Topic 1: Disposal and End-of-Life Management | - Asset disposal strategies
|
| Topic 2: Operation and Maintenance | - Asset performance and reliability
|
| Topic 3: Risk and Value Management | - Managing asset-related risk
|
| Topic 4: Asset Acquisition and Procurement | - Sourcing and procurement of assets
|
| Topic 5: Understanding Asset Management | - Principles of whole life asset management
|
Our technician will check the update of L4M7 exam questions every day, and we can guarantee that you can get a free update service from the date of purchase. Once you have any questions and doubts about the L4M7 exam questions we will provide you with our customer service before or after the sale, you can contact us if you have question or doubt about our L4M7 Exam Materials and the professional personnel can help you solve your issue about using L4M7 study materials.
NEW QUESTION # 30
What is the different between gross material requirements plan (gross MRP) and a net material requirements plan (net MRP)?
Answer: D
Explanation:
Material requirement planning (MRP) is a production planning and material (inventory) control system used in manufacturing. Objectives of MRP are to ensure materials are available for production while minimising inventory and to plan production and procurement activities.
MRP software combines the master production schedule, the bill of materials and the inventory information to work out the net requirements (net MRP) of what to purchase or produce and when.
These net requirements are worked out using the following equation:
Net requirements = Total requirements - Available inventory
Where:
Total requirement = Gross requirements (gross MRP)
Available inventory = Inventory on hand + Units on order
In the other words, Gross MRP = Net MRP + Available inventory, so the answer should be "The gross MRP includes consideration of available inventory, whereas the net MRP does not" LO 2, AC 2.3
NEW QUESTION # 31
Which of the following costs can be classified as 'acquisition costs'?
* Invitation to tender and order processing costs
* Invoice processing and supplier selection costs
* Goods inspection and total ownership cost
* Total input costs and invoice processing cost
Answer: B
NEW QUESTION # 32
With D is the annual demand (units), S is cost per order, H is annual carrying cost per unit; the formula for Economic Order Quantity is....?
Answer: A
Explanation:
LO 2, AC 2.3
NEW QUESTION # 33
Which of the following are recognised as disadvantages of ERP systems? Select TWO that apply.
Answer: B,D
Explanation:
Excluded inventory records
Explanation:
Implementing a full ERP system is not an easy option. They are complex systems and the disad-vantages include the following:
- The installation of the ERP system is costly. ERP consultants are very expensive take approxi-mately 60% of the budget.
- The success depends on the skills and experience of the workforce, including education and how to make the system work properly.
- Resistance in sharing internal information between departments can reduce the efficiency of the software.
- The systems can be difficult to use.
- Change of staff, companies can employ administrators who are not trained to manage the ERP system of the employing company, proposing changes in business practices that are not synchro-nized with the system.
- Having an ERP system has many advantages, but does not guarantee the total success of the company. Organizational culture, know how to involve staff and anticipate changes that will suffer the organization using this system of administration, are important elements for the completion of the implementation.
- The effectiveness of the ERP system may decrease if there is resistance to share information be-tween business units or departments. Due to strong changes that implementation of the ERP system brings in the culture of work, there may be poorly trained or disinterested in making use of the same staff...
- The benefits of having an ERP system are not presented immediately with the implementation of the software, they will be evident long after the system is running.
- The culmination of the implementation depends on the ability and skill of the workforce, also involves education and training, to make the system is correctly applied.
Reference:
- What are the Advantages and Disadvantages of ERP System
- CIPS study guide page 119-122
LO 2, AC 2.3
NEW QUESTION # 34
One of the classifications of inventory is referred to as 'indirect supplies.' Which of the following items are examples of indirect supplies in a water bottling plant?
* Lubricants for maintenance of production machines
* Computer cartridges for the procurement office
* Reams of printed labels to stick on water bottles
* Blue-colored plastic caps to seal the water bottles
Answer: C
Explanation:
Indirect supplies support operations but are not part of the finished product. For a bottling plant, items like lubricants for machine maintenance and office supplies are indirect supplies, as they aid in operation but do not enter the final product. Managing these supplies in whole-life asset management is critical for cost efficiency and operational support.
NEW QUESTION # 35
......
We know that it is hard to stay and study for the CIPS Whole Life Asset Management (L4M7) exam dumps in one place for a long time. Therefore, you have the option to use CIPS Whole Life Asset Management (L4M7) PDF questions anywhere and anytime. Exam4Docs CIPS Whole Life Asset Management (L4M7) dumps are designed according to the CIPS L4M7 Certification Exam standard and have hundreds of questions similar to the actual CIPS Whole Life Asset Management (L4M7) exam. Exam4Docs CIPS Whole Life Asset Management (L4M7) web-based practice exam software also works without installation.
L4M7 Test Sample Questions: https://www.exam4docs.com/L4M7-study-questions.html
BONUS!!! Download part of Exam4Docs L4M7 dumps for free: https://drive.google.com/open?id=152EnEvkMp9jSv0w_ty6hRX6h1uCshHKJ