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L4M7 Whole Life Asset Management is now Stable and With Pass Result | Test Your Knowledge for Free

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L4M7 Practice Questions

Whole Life Asset Management

Last Update 3 hours ago
Total Questions : 294

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Our free CIPS Level 4 Diploma in Procurement and Supply practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about L4M7. Use this test to pinpoint which areas you need to focus your study on.

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Question # 21

Which of the following are most likely the benefits of using unit loads? Select TWO that apply.

Increase transport time of each item

Options:

A.  

Minimise space utilisation

B.  

Safer handling

C.  

Unit loads must be placed on pallets

D.  

Reduce handling cost of one unit

Discussion 0
Question # 22

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

Options:

A.  

2 and 4 only

B.  

1 and 4 only

C.  

2 and 3 only

D.  

1 and 3 only

Discussion 0
Question # 23

Which of the following are most likely to be the purposes of packing and packaging?

1. To bring the product cost down

2. To protect the product

3. To improve the product recognition

4. To test the product durability

Options:

A.  

1 and 2 only

B.  

3 and 4 only

C.  

2 and 3 only

D.  

1 and 4 only

Discussion 0
Question # 24

Which of the following is the material handling equipment which uses the suction force to lift an item?

Options:

A.  

Vacuum lifter

B.  

Sack truck

C.  

Dolly

D.  

Pallet stacker

Discussion 0
Question # 25

A local hospital has a highly complex piece of medical equipment delivering proton beam therapy that only one supplier in the world manufactures. Owing to the specialist nature of the equipment, the patient waiting list is extremely long. It is therefore essential that the equipment failure downtime is kept to an absolute minimum, as it would have a negative impact on patient treatment delays. Due to the complex nature and essential need of the equipment to be in continual use, which of the followingpackages will offer the most protection in ensuring reliability and reduced downtime arising from equipment failures throughout its lifetime?

Options:

A.  

A corrective maintenance package

B.  

A service and maintenance included package

C.  

A parts-only maintenance package

D.  

A 12-month from purchase warranty package

Discussion 0
Question # 26

One of the classifications of inventory is referred to as 'indirect supplies'. Which of the following items are examples of indirect supplies in a water bottling plant?

    Lubricants for maintenance of production machines

    Computer cartridges for the procurement office

    Reams of printed labels to stick on water bottles

    Blue-coloured plastic caps to seal the water bottles

Options:

A.  

1 and 2 only

B.  

1 and 3 only

C.  

2 and 3 only

D.  

3 and 4 only

Discussion 0
Question # 27

Which of the following are main objectives of warehouse operations? Select TWO that apply.

Options:

A.  

To ensure stock available when customers demand

B.  

To create sufficient space for redundant stock

C.  

To minimise stock loss and deterioration

D.  

To generate check digits for a product code

E.  

To maintain the highest level of buffer stock

Discussion 0
Question # 28

Which of the following materials handling equipment can be used in the warehouse? SelectTHREEthat apply.

Options:

A.  

Forklift

B.  

Electronic data exchange

C.  

Bar coding

D.  

Pallet dollies

E.  

Conveyor system

Discussion 0
Question # 29

In a manufacturing organisation, which of the following explains an 'indirect' stock classification of items?

Options:

A.  

Where the stock has been acquired from a distributor rather than another manufacturer

B.  

Where the stock does not have to be paid for until it has been used by the manufacturer

C.  

Where the stock is currently held in a warehouse owned by another organisation

D.  

Where the stock is not used as part of manufacturing of the finished product

Discussion 0
Question # 30

Which of the following are examples of subjective methods of forecasting? SelectTWOthat apply.

Options:

A.  

Trend line analysis

B.  

Seasonal variations

C.  

Expert opinion

D.  

Market research

E.  

Moving averages

Discussion 0
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