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100% Pass Quiz CIPS - High Pass-Rate L4M7 - CIPS Whole Life Asset Management Discount Code

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CIPS L4M7 Certification Exam is an essential qualification for professionals involved in whole life asset management. It provides candidates with a comprehensive understanding of the principles and practices of asset management, and is recognized globally as a benchmark for excellence in the field. By passing L4M7 exam, candidates can advance their careers and gain recognition for their expertise in this important area.

CIPS L4M7 Certification Exam is recognized globally as a benchmark for excellence in the field of asset management. It is a rigorous exam that tests candidates' knowledge and skills across a range of areas, including technical knowledge, management skills, and communication skills. Candidates who pass the exam are recognized as experts in the field of whole life asset management and are highly sought after by employers around the world.

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CIPS Whole Life Asset Management Sample Questions (Q107-Q112):

NEW QUESTION # 107
Staff at DIY Products Inc. (DPI) have been experiencing issues with the identification of stock items. The current labeling system is outdated and unreliable. DPI has therefore invested in a machine-readable approach. Each item has a unique number that is attached visibly to the packaging. This number can be deciphered by a scanner to aid identification. This approach is known as which of the following?

A. Order tracking
B. Bar coding
C. Product tagging
D. Standard certification

Answer: B

Explanation:
Barcoding allows DPI to label each item uniquely, making it scannable and easy to track. This method increases efficiency, accuracy, and traceability, key aspects of whole-life asset management that improve inventory control and reduce errors in item identification.

NEW QUESTION # 108
Which of the following are warehouse layouts that allow the cross aisle to meet picking aisle at angles different from 90 degrees?
1. 'Fan' shaped layout
2. Herringbone-shaped layout
3. U-shape layout
4. L-shape layout

A. 3 and 4 only
B. 2 and 3 only
C. 1 and 2 only
D. 1 and 3 only

Answer: C

Explanation:
In a traditional warehouse, storage racks are arranged to create parallel picking aisles, perhaps with one or more cross aisles to allow workers to move quickly between picking aisles. This structure forces workers to travel rectilinear distances (north-south and east-west) to picking locations.

Kevin R. Gue and Russell D. Meller proposed alternative aisle designs:
- The 'Fan' shaped layout (or "Flying V"). This layout maintains parallel picking aisles, but al-lows the cross aisle to take on a different shape. If travel begins and ends at the bottom of the V, Gue and Meller expected distance to retrieve a single pallet is 10% less in this warehouse than in an equivalent traditional design.
- The Herringbone-shaped layout (or commonly referred as Fishbone layout) combines the verti-cal picking rows of a traditional warehouse with a second set of horizontal picking rows, divided by a V-shaped diagonal alley crossing the entire warehouse. This simple modification to the typical warehouse design allows employees (e.g. a forklift driver) to increase travel speed between picking locations. Efficiency gains achieved through a layout reconfiguration would reduce picking cost up to 23% compared to an equivalent warehouse using a traditional configuration.

Reference
Aisle Design - Kevin Gue
LO 1, AC 1.1

NEW QUESTION # 109
The selection of the correct type of material handling equipment is important. If the width of the gangway between the racking in a warehouse is 2.4 meters (8 feet), what type of material handling equipment would be suitable?

A. Reach truck
B. Narrow aisle forklift truck
C. Hand pallet truck
D. Counterbalance forklift truck

Answer: B

NEW QUESTION # 110
When deciding on the storage facilities and locations, an organisation needs to assess the current situation comprehensively and forecast the future demands. Quantitative analysis is the best method for these activities.
Is this statement true?

A. Yes, quantitative analysis is easy to implement as it is based on 'hard' facts
B. Yes, quantitative analysis provides a reality based on numerical values
C. No, some intangible information is difficult to collect and measure
D. No, subjective judgements are the best as they compensate for weaknesses of quantita-tive analysis

Answer: C

Explanation:
Decisions regarding stores and warehouse locations involve a complex range of issues that are unique to each business. Most storage facilities and location decisions are based on a combination of qualitative and quantitative analysis.
Qualitative analysis uses subjective judgment to analyze a situation based on non-quantifiable in-formation, such as potential markets for new products, forecast on possible risks that may happen, etc.
Quantitative analysis (QA) is a technique that uses mathematical and statistical modeling, meas-urement, and research to understand behavior. Quantitative analysts represent a given reality in terms of a numerical value.
This may include the following:
- Cost analysis for the current premises and future predictions based on current premises
- Cost analysis for routine operations
- Current inventory performance measures: lead times, service levels, rate of stock turn, stock-outs in a given period and stock cover To get a big picture of current situation and future demands, organisation should combine both qualitative and quantitative methods so that useful information is achieved and well-informed decisions are made.

NEW QUESTION # 111
In ABC analysis, category C is also known as...?

A. Capital expense
B. Direct spend
C. Long tail spend
D. Indirect spend

Answer: C

Explanation:
Tail Spend is derived from ABC Analysis, Class A high value suppliers, Tail Spend is formed from class B & C suppliers, equates to 20% of the total spend, B is Mid Tail and C is Long tail. Effective Spend Analysis and tail spend management, ensures that procurement can focus on creating an optimum and efficient sourcing strategy.
Procurement Spend Analysis
Procurement organisations effectively identify and manage suppliers using a sourcing strategy. Tail suppliers normally have low strategic value and makes the category management, very difficult . SpendAnalysis and Category Management are very closely aligned, Spend Analysis including ABC, provides the category manager, with spend visibility.
Spend Analysis and procurement metrics are used to create category plans, build supplier relation-ships, to maintain service levels and deliver the best possible price and quality for goods and ser-vices bought. The acquisition of Spend data and subsequent Spend Analysis, provides Category Managers access to a well- structured procurement process,

NEW QUESTION # 112
......

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