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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Asset Planning and Acquisition | 25% | - Options appraisal: buy, lease, rent, outsource, in-house - Procurement processes for capital assets - Asset requirements definition and specification - Whole life costing and total cost of ownership - Contract types and supplier selection for assets |
| Topic 2: Asset Disposal and End-of-Life Management | 15% | - Data management and asset record keeping - Disposal options: sell, reuse, recycle, donate, scrap - Environmental and legal obligations in disposal - Asset valuation and residual value calculation |
| Topic 3: Asset Operation, Maintenance and Performance | 25% | - Maintenance strategies: preventive, corrective, predictive - Asset reliability, availability and risk management - Asset utilization and performance monitoring - Compliance, health, safety and environmental requirements - Inventory and spare parts management |
| Topic 4: Sustainability, Ethics and Governance in Asset Management | 15% | - Governance, standards and regulatory frameworks - Sustainable asset management and ESG principles - Ethical and responsible sourcing of assets - Circular economy and asset lifecycle sustainability |
| Topic 5: Principles of Whole Life Asset Management | 20% | - Asset lifecycle stages: planning, acquisition, operation, maintenance, disposal - Value creation and whole life value concepts - Definition, scope and importance of asset management - Role and contribution of procurement in asset management |
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NEW QUESTION # 206
Which of the following are advantages for a purchasing organisation when adopting a leasing method of acquiring equipment?
* The initial purchase cost of the equipment is avoided
* The payments can be met from daily trading income
* The buyer can freely switch to newer technology whenever they wish
* The buyer is not responsible for any damage at the end of the contract
Answer: C
NEW QUESTION # 207
Which of the following best describes what happens when order volumes from customers increase and multiply through the supply chain?
Answer: A
Explanation:
The bullwhip effect (or Forrester effect) is a distribution channel phenomenon in which forecasts yield supply chain inefficiencies. It refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain.
Seasonal demand: consumer interest in purchasing particular products only during a specific peri-od within the calendar year.
OPITZ is a coding system used to form Groups in Group Technology philosophy of Manufactur-ing.
The Pareto Curve is the shape created when the bars of a Pareto Chart are progressively summed and the points joined together. The final curve ends at 100% of items in the chart, which means that you can then draw a line across at 80% and 'bounce' it down to find the bar which, when combined with all bars to its left, will give 80% of all items.
NEW QUESTION # 208
Which type of codes can a barcode laser scanner (linear scanner) read?
Answer: A
Explanation:
One-dimensional (or 1D) barcodes systematically represent data by varying the widths and spac-ings of parallel lines. These include some of the most traditional and well-recognized barcode types, such as the UPC and EAN codes. 1D barcodes are also commonly referred to as linear barcodes.
Two-dimensional (2D) barcodes look like squares or rectangles that contain many small, individual dots. QR codes, Data matrix and Aztec codes are examples of 2D barcodes Numerical code contains all numbers, no letters There are two different scan engine types (laser scanner versus imager) for interpreting the infor-mation provided in the barcode. Many companies producing the technology capable of reading the barcode data uses the term "scanning" regardless of the type of scan engine used. For the purposes of these FAQs, we are trying to draw a clearer distinction for you.
Linear (1D) codes can be scanned with a traditional laser scanner. A laser scan engine uses a laser and mirror to create the bar that scans the information. 1D barcode scanners will only interpret the linear barcode scanning technology. 1D barcode scanners are typically less expensive since the type of encryptions they can decode is limited.
Diagram Description automatically generated
LO 1, AC 1.2
NEW QUESTION # 209
ANTA Logistics is looking for a place to build a new, integrated cold chain facility, "Chill Hub", to its customers. Which of the following need to be considered when selecting the location of the new facility? Select TWO that apply.
Answer: A,D
Explanation:
There are many different factors that must be considered when assessing warehouse and stock locations:
* Operating cost of the location or area
* Availability and suitability of warehouses
* Availability of manpower or labour
* Proximity to suppliers and customers
* Access to transport infrastructure (domestic and international)
* The political and security environment of the location
LO 1, AC 1.1
NEW QUESTION # 210
What term describes the method used to account for inventory, where the most recently produced items are recorded as sold first?
Answer: C
Explanation:
Last In, First Out (LIFO) is an inventory valuation method where the latest items added to inventory are considered sold first. This method is often used in situations where prices are rising, as it reflects the current cost of goods sold. In whole-life asset management, LIFO can affect the reported value of inventory and, consequently, tax implications, as newer, costlier items are sold off first.
NEW QUESTION # 211
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