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Free CIPS L4M7 Exam Dumps
Here you can find all the free questions related with CIPS Whole Life Asset Management (L4M7) exam. You can also find on this page links to recently updated premium files with which you can practice for actual CIPS Whole Life Asset Management Exam. These premium versions are provided as L4M7 exam practice tests, both as desktop software and browser based application, you can use whatever suits your style. Feel free to try the Whole Life Asset Management Exam premium files for free, Good luck with your CIPS Whole Life Asset Management Exam.MultipleChoice
A procurement manager (PM) is purchasing a piece of capital equipment that requires toxic chemicals in its operation. The PM has included end-of-life packaging costs in the whole-life costing calculation. Was it appropriate to include this?
A. Yes, because the chemicals will need to be packaged and labeled for correct disposal B. No, because the disposal of chemicals at the end of life does not impact the whole-life cost C. Yes, because it is better to overestimate costs upfront just in case D. No, because the chemicals can be disposed of without any cost
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A warehouse manager is evaluating the use of Automated Guided Vehicles (AGVs) within a non-repetitive task environment. After reviewing their use, the manager decided to invest in a number of AGVs. Was this decision correct?
A. Yes, as it will reduce the costs of labor by replacing a human worker B. Yes, as it will increase stock picking accuracy and productivity C. No, as they are only suitable for use in repetitive task environments D. No, as it commits the organization to a large capital cost
OptionsMultipleChoice
A construction organization requires specialist equipment for digging deep foundations. Which of the following circumstances would result in the hire of equipment rather than leasing it?
A. The finance available and the potential profits available on the eventual sale of the leased equipment compared to hire costs B. The expected frequency of use, the storage available, and the lease cost of the equipment compared to hiring it C. The subjective assessment of multiple factors for both hire and lease by the directors D. The results of a discounted cost analysis using comparative weekly payments for both hire and lease options
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Which of the following are objectives of Just-in-Time (JIT) in the control of inventory? Select TWO that apply.
To reduce the possible effect of stockout situations by increasing the level of buffer stocks
To have sufficient safety stock to cover shortages due to the extension of lead time
To ensure that products are free from defects and meet the quality expectations of the customer
To reduce work-in-progress, finished goods, and sub-assembly inventories to zero
To ensure that the cost of holding inventory is directly proportional to the value of the inventory
A. 1 and 2 only B. 2 and 3 only C. 3 and 4 only D. 4 and 5 only
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