CIPS L4M7 Exam - Topic 10 Question 21 Discussion

Actual exam question for CIPS's L4M7 exam

Question #: 21
Topic #: 10

[All L4M7 Questions]

Multiple approval levels for a small purchase request is an example of which type of waste?

AOver-processing

BNot using talent

COver-production

DInventory

Show Suggested Answer

Suggested Answer: A, B

The most common subjective forecasting techniques include the following:

- Market surveys

- Employee surveys

- Expert knowledge (Delphi method is a method using expert knowledge)

- Test marketing

Cycle counting is a periodic analysis of inventory in a storage location which is conducted through the counting of samples instead of physically counting the entire inventory available, so as to quickly have an accurate estimate of the inventory available without causing a stop to the day to day working as is the case with physically counting every unit.

The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of fac-tor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

Weighted moving averages assign a heavier weighting to more current data points since they are more relevant than data points in the distant past. The sum of the weighting should add up to 1 (or 100 percent).

LO 2, AC 2.3

by Angella at Aug 30, 2023, 10:44 AM

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Lashaun

6 months ago

Inventory waste doesn't fit this scenario at all.

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Gladys

6 months ago

Wait, really? Multiple approvals is wasteful?

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Horace

7 months ago

Over-processing makes sense here.

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Eden

7 months ago

I thought it was about not using talent?

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Estrella

7 months ago

That's definitely over-processing!

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Dana

7 months ago

I’m confused; I thought inventory was more about stock levels. Could it be that multiple approvals create excess steps instead?

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Tyra

7 months ago

This question feels familiar, and I think I practiced something similar where over-processing was the answer. It makes sense here too.

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Katina

8 months ago

I'm not entirely sure, but I remember something about not using talent. Maybe it applies here if the approvals are slowing down the process?

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Huey

8 months ago

I think this might relate to over-processing since having multiple approvals seems like an unnecessary step for small purchases.

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Brock

8 months ago

I feel pretty confident that the answer is A, over-processing. That's the type of waste that comes to mind when I think of redundant approval processes.

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Bulah

8 months ago

Okay, let me walk through this step-by-step. Multiple approval levels... that's definitely adding unnecessary steps. I'll go with A, over-processing.

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Quentin

8 months ago

Over-processing, got it. This is a classic example of an unnecessary bureaucratic process that just adds time and cost without any real value.

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Barbra

8 months ago

Hmm, I'm not totally sure about this one. I'll have to think it through carefully to make sure I don't miss anything.

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Miles

8 months ago

This one seems pretty straightforward - multiple approval levels for a small purchase request is clearly an example of over-processing waste.

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Erick

8 months ago

I'm a little confused on this one. Is it over-processing or not using talent? I'll have to review my notes before deciding.

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Kathryn

8 months ago

Okay, I've got this. Over-processing is the right answer here - having multiple approval levels for a small purchase is an unnecessary and wasteful process.

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Mindy

8 months ago

Hmm, I'm not totally sure about this one. I'll have to think it through carefully before answering.

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Na

8 months ago

This one seems pretty straightforward - multiple approval levels for a small purchase request is clearly an example of over-processing waste.

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Johanna

8 months ago

This is a good example of over-processing waste. Too many approval steps for a simple purchase request is just adding unnecessary bureaucracy.

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Sharan

8 months ago

Hmm, I'm a bit confused by the different logging options presented. I'll need to double-check the logging configurations and make sure I understand how each option would impact the custom category debug logging.

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Teri

8 months ago

This seems like a classic contract law question. I'll focus on the key characteristics of an offer and use the process of elimination to arrive at the right answer.

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