DUMPS L4M7 QUESTIONS - L4M7 USEFUL DUMPS

Dumps L4M7 Questions - L4M7 Useful Dumps

Dumps L4M7 Questions - L4M7 Useful Dumps

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Asset management is crucial for organizations to optimize asset performance, improve asset efficiency and reduce costs. The CIPS L4M7 exam is designed to provide candidates with a comprehensive understanding of the principles of asset management, including asset planning, procurement, operation, maintenance, disposal, and replacement. L4M7 Exam is structured to cover all aspects of asset management, from planning to disposal, and helps individuals to develop a holistic approach to asset management.

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L4M7 Useful Dumps & L4M7 Latest Dumps Book

We cannot predicate the future but we can live in the moment. There are many meaningful things waiting for us to do. Try to immerse yourself in new experience. Once you get the L4M7 certificate, your life will change greatly. First of all, you will grow into a comprehensive talent under the guidance of our L4M7 Exam Materials, which is very popular in the job market. And you will get better jobs for your L4M7 certification as well.

CIPS L4M7 Exam covers a wide range of topics related to asset management, including the importance of asset registers, asset condition assessments, and risk analysis. Candidates will learn about the different types of assets, such as buildings, vehicles, and equipment, and how to manage them throughout their entire lifespan. They will also explore the various techniques used to optimize asset performance and reduce costs.

CIPS Whole Life Asset Management Sample Questions (Q215-Q220):

NEW QUESTION # 215
MRP system is the most suitable IT system to manage which type of items?

  • A. Construction projects
  • B. Dependent demand
  • C. Independent demand
  • D. Fast moving components

Answer: B

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.
Bill of materials (BOM) is an important component of MRP. BOM is also known as product struc-turer. This lists all the items that comprise each assembly and sub-assembly that make up the final product or end item.
Therefore, MRP is commonly used to manage dependent demand stock.


NEW QUESTION # 216
Which costs in the following list are categorised as operation costs in the total cost of ownership model?
Select TWO that apply.

  • A. Decommissioning costs
  • B. Delivery costs
  • C. Installation and configuration costs
  • D. Costs of any person who operates the equipment
  • E. Costs of consumables

Answer: D,E

Explanation:
Costs of operating an asset can widely vary. The following table is an example from Guide to Total Cost of Ownership, New Zealand Government:


NEW QUESTION # 217
"Open stock plus purchases minus closing stock" is the formula of which of the following?

  • A. Revenue
  • B. Liability
  • C. Cost of goods sold
  • D. Inventory

Answer: C

Explanation:
The amount of closing stock (properly valued) is used to arrive at the cost of goods sold in a periodic inventory system with the following calculation:
Opening stock + Purchases - Closing stock = Cost of goods sold
Reference:
- CIPS study guide page 130-131
- Closing stock definition
LO 2, AC 2.3


NEW QUESTION # 218
A food processing manufacturer must be able to trace the ingredients they use and the food manufactured from those ingredients. Which of the following systems provides the opportunity for efficient traceability?

  • A. Commodity coded ingredients and barcoded finished products
  • B. Alphanumeric product code for each ingredient and product code for finished products
  • C. Batch code for each ingredient and electronic product codes for finished products
  • D. Order numbering for each ingredient, customer purchase order for finished products

Answer: C


NEW QUESTION # 219
Using consignment stocking with suppliers can assist with flexible warehousing when space is at a premium in the warehouse. Another advantage of using the consignment stocking approach is that ...

  • A. inventory management is easier as the stock belongs to the supplier
  • B. it increases the amount of stock that needs to be held by the customer
  • C. the goods are not produced until the customer places a purchase order
  • D. the goods do not have to be paid for until the customer uses them

Answer: D

Explanation:
With consignment stocking, the supplier retains ownership until the item is used by the customer. This approach minimizes the customer's holding costs and improves cash flow, as payment is deferred until the item is consumed. It's particularly beneficial in whole-life asset management for inventory flexibility and reduced capital commitment.


NEW QUESTION # 220
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