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| Section | Objectives |
|---|---|
| Operation and Maintenance | - Asset performance and reliability
|
| Disposal and End-of-Life Management | - Asset disposal strategies
|
| Risk and Value Management | - Managing asset-related risk
|
| Asset Acquisition and Procurement | - Sourcing and procurement of assets
|
| Understanding Asset Management | - Principles of whole life asset management
|
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NEW QUESTION # 294
Ranger Mobile Ltd is a emerging smartphone manufacturer. The manufacturer adopts the just-in-time method:
First, the customers make orders, then it will decide which components to be pur-chased according to the bill of materials. These components are known as which of the following?
Answer: B
Explanation:
Dependent demand is the requirement for stock item which is directly related to and therefore de-pendent upon the rate of production (examples are: raw materials, components, energy). The com-ponents in the scenario are dependent demand items.
Independent demand is the requirement for stock item which is not directly related to, and is therefore independent of rate of production.
NEW QUESTION # 295
Which of the following are most likely to be direct benefits of applying RFID technology? Select TWO that apply
Answer: A,E
Explanation:
RFID tags are the small devices that can be embedded in labels or attached to tags which work with radio transmitters and/or receivers to identify themselves.
RFID tags can be used to do the following:
- Track individual items
- Track boxes of products, cages of products and pallets
- Track containers with multiple loads
- Locate equipment within a building
- Trigger alarms should equipment or stock be removed without authorisation.
RFID devices have a very small integrated circuit incorporating a small memory capability - many are smaller than 2mm square and 2mm thick. Despite its size, many can hold 2000 characters of data.
RFID operating rage depends on the radio frequency used, receiver capability and the environment. Some tags are only readable from under 1m, others can have a 100m range.
RFID tags and labels are very specific to the type of material and size of your assets. For example, metal will deactivate the RFID antenna and the tag will not transmit at all. Using RFID on metal requires a special type of tag with an RFID block to prevent interference with the antenna. Liquid products can also affect the reliability of the RFID signal. To use RFID tags in specific environ-ments, some technologies are needed to support them.
Reference: CIPS study guide page 49-50
LO 1, AC 1.2
NEW QUESTION # 296
Which of the following costs may be considered part of the holding costs of inventory?
* The cost of sales and the cost of ordering of the goods
* The cost of ordering and the cost of pilferage of the goods
* The cost of pilferage and the cost of insurance of the goods
* The cost of insurance and the cost of deterioration of the goods
Answer: B
Explanation:
Holding costs, or carrying costs, include all costs associated with storing unsold goods. These typically consist of:
* Insurance costs: Fees associated with insuring stored goods.
* Deterioration costs: Potential loss from goods that deteriorate, expire, or are rendered unusable over time.
* Pilferage costs: Losses due to theft or misplacement of goods.
These factors affect the total cost of ownership in asset management, ensuring that only essential stock levels are maintained to avoid unnecessary holding costs.
Options 1 and 2 include costs not generally classified under holding costs (such as the cost of sales), making D the correct answer.
NEW QUESTION # 297
To make loading/unloading more effective and efficient, which feature should be included in vehi-cle dock design?
Answer: A
Explanation:
Warehouse dock is a feature of warehouse design - used for unloading and loading vehicles. It is crucial to carefully design where they are externally located in a facility and choose the best type of dock depending on the available space.
In many cases efficient and effective loading and unloading is achieved by a dock design that places the loading and unloading vehicle' rear platform at the same height as the warehouse floor.
Slopes in docking areas must always be as small as possible: the gentler the slope, the less chance of errors and accidents. If a warehouse is going to be used by large volume vehicles, such as high cubes, it may be necessary to install special devices, such as hydraulically adjustable docks or ground level lift platforms.
Current trends indicate that vehicles that are longer and wider and have a greater volume will be increasingly common. Therefore, when planning the location of the docks, it would be useful to ensure that there is a large area for the approach, manoeuvring and build-up of large vehicles.
One option to increase the efficiency of the docks is to combine reception and dispatch into a single area (dual use). This solution drastically reduces costs and, above all, increases the use of handling equipment and personnel. However, if this is justified by the volume of material flows, there can also be separate access points for each function (some for reception and others for dispatch - 'sole use').
NEW QUESTION # 298
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 # 299
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