Free PDF Quiz 2025 CIPS Reliable L4M7: New CIPS Whole Life Asset Management Exam Preparation

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CIPS L4M7 Exam is ideal for professionals who have already completed the CIPS Level 4 Diploma in Procurement and Supply, or who have equivalent qualifications or experience. It is also suitable for those who are currently working in asset management roles or who are looking to transition into this field.

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Successful completion of the CIPS L4M7 Certification Exam demonstrates that the candidate has a sound understanding of the entire asset life cycle and has the skills to create value and manage risks associated with asset management. CIPS Whole Life Asset Management certification is highly respected by employers in the asset management industry and can lead to increased job opportunities and promotions in this field. Candidates who pass the exam are awarded the CIPS Whole Life Asset Management certificate, which is recognized and respected worldwide by employers and professionals.

CIPS L4M7 (CIPS Whole Life Asset Management) Exam is a professional certification program designed for individuals who aspire to become asset management professionals. L4M7 exam is an intermediate-level certification that covers a wide range of topics related to asset management, including the creation, operation, maintenance, and disposal of assets over their entire lifecycle. L4M7 exam is recognized as a benchmark for competency in asset management by leading organizations across the world.

CIPS Whole Life Asset Management Sample Questions (Q123-Q128):

NEW QUESTION # 123
'The main consideration in designing the layout of a warehouse is the size of the storage space utilized.' Is this statement TRUE?

A. No, because the most important consideration in stores design is the location of the main exit
B. No, because other considerations such as the traffic flow within the store are important
C. Yes, because large space provides assurance that stocks will not run out
D. Yes, because suppliers need to be assured that the orders they receive will have storage when delivered

Answer: B

Explanation:
While storage space is important, traffic flow and accessibility are crucial for efficient warehouse design.
Proper layout ensures safe, quick movement of goods and minimizes bottlenecks, reducing operational costs and enhancing efficiency. In whole-life asset management, effective space utilization and efficient layout planning are key for long-term warehouse performance.

NEW QUESTION # 124
ANTA Logistics is looking for a place to build a new, integrated cold chain facility, "Chill Hub", to its customers. Which of the following need to be considered when selecting the location of the new facility? Select TWO that apply.

A. Availability of product coding system
B. Volume of obsolescent stock
C. Ease of objective forecasting on inventory level
D. Availability of the building
E. Accessibility to roads and highways

Answer: D,E

Explanation:
There are many different factors that must be considered when assessing warehouse and stock locations:
* Operating cost of the location or area
* Availability and suitability of warehouses
* Availability of manpower or labour
* Proximity to suppliers and customers
* Access to transport infrastructure (domestic and international)
* The political and security environment of the location
LO 1, AC 1.1

NEW QUESTION # 125
Which among the following are the tools for reducing acquisition costs in purchasing?
1. Procurement card
2. Automated Storage & Retrieval System
3. Porter's value chain
4. P2P system

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

Answer: C

Explanation:
There are several methods to reduce the acquisition costs in procurement. L4M7 study guide lists the following methods:
- Buyer discretionary spend
- 'User buying'
- Vendor managed inventory (VMI)
- Two-bin Kanban
- Product catalogue
- e-Procurement techniques, including some systems such as ERP, procure-to-pay (P2P), e-requisition, e- tendering, etc.
- Procurement cards

NEW QUESTION # 126
When using ABC analysis to classify inventory, which factors must be considered?
1. Demand uncertainty of each item
2. Cumulative percentage of items
3. Cumulative percentage usage value of items
4. Overall inventory turnover

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

Answer: B

Explanation:
ABC analysis is applied to stock and its management. It is based loosely on the Pareto principles, better known as 80/20 rule. Pareto principle is the theory that 80% of outcome results from 20% of inputs. For example, 80% of sales are to the top 20% of customers; 80% of spend on inventory is accounted for by the top
20% of stock items.
The ABC concept is based on Pareto's law. The following steps are carried out for the ABC analy-sis.
- Step 1: Compute the annual usage value for every item in the sample by multiplying the annual requirements by the cost per unit.
- Step 2: Arrange the items in descending order of the usage value calculated above.
- Step 3: Make a cumulative total of the number of items and the usage value.
- Step 4: Convert the cumulative total of the number of items and usage values into a percentage of their grand totals.
- Step 5: Draw a graph connecting cumulative % items and cumulative % usage value. The graph is divided approximately into three segments, where the curve sharply changes its shape. This indicates the three segments A, B and C.
LO 2, AC 2.1

NEW QUESTION # 127
Stockyards are suitable for specific materials with which of the following characteristics? SelectTWOthat apply.

A. Small equipment that is of relatively low value
B. Equipment with a long delivery lead time
C. Equipment that requires larger specialised handling
D. Equipment only suited for inside storage
E. Items that are bulky and individually packed

Answer: C,E

NEW QUESTION # 128
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