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Free Whole Life Asset Management Practice Questions

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Total Questions : 294

Start with our free L4M7 practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real CIPS Level 4 Diploma in Procurement and Supply exam. Each L4M7 exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your CIPS weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 1

Which of the following are the key elements of total productive maintenance?

1. Reactive maintenance

2. Quality maintenance

3. Deferred maintenance

4. Autonomous maintenance

Options:

A.  

1 and 3 only

B.  

2 and 4 only

C.  

1 and 2 only

D.  

2 and 3 only

Discussion 0
Question # 2

The width of aisles within a warehouse is determined by...?

Options:

A.  

Turning cycle of forklift and the size of pallets

B.  

The length of storage racking

C.  

The location of goods-in and goods-out doors

D.  

The height of the building

Discussion 0
Question # 3

A pharmaceutical firm offers a new drug called NC-01. After analysing the market, the firm realises that the demand is largely variable. But they still have to forecast the customer demand for the next production cycle. The new drug NC-01 is best described as which type of item?

Options:

A.  

Dependent demand

B.  

Indirect demand

C.  

Overhead items

D.  

Independent demand

Discussion 0
Question # 4

Which of the following is a forecasting technique?

Options:

A.  

LIFO

B.  

Moving average

C.  

Time-weighted series

D.  

ABC analysis

Discussion 0
Question # 5

Which of the following is essential to effective implementation of just-in-time?

Options:

A.  

Regular machine changeovers

B.  

Larger warehouse for larger amount of inventory

C.  

No need for smoothing production

D.  

Strong links between the suppliers and the buying organisation

Discussion 0
Question # 6

MRP software is applied to schedule which of the following?

Options:

A.  

Tax accounting

B.  

Production processes

C.  

Human resource management

D.  

Executive meetings

Discussion 0
Question # 7

The following are examples of scheduled maintenance except...

Options:

A.  

Oil changes and regular servicing

B.  

Overhauling of machine

C.  

Repair signage damage from a recent storm

D.  

Cleaning of tank

Discussion 0
Question # 8

RFID, or Radio Frequency Identification, is fast emerging as a major commercial technology. Like every new technology, it has advantages and disadvantages. An advantage of using RFID is that...

Options:

A.  

It is easy to implement and requires little investment in information technology

B.  

It is better than barcodes as it cannot be easily replicated, and therefore, increases the security on a product

C.  

Tags only store limited data, whereas a barcode can hold unlimited data

D.  

It is cheaper for many applications compared to other tracking and identification methods

Discussion 0
Question # 9

GAP Ltd is a growing retail business. It spends a lot of money on buying stock for sale. However, the procurement process is still largely manual. This manual process contains a lot of tasks that are repeated for each procurement event and time consuming. The company management team decides to adopt procure-to-pay (P2P) software in order to eliminate duplicate activities and improve process efficiencies. Which type of cost is GAP targeting?

Options:

A.  

Holding costs

B.  

Acquisition costs

C.  

Disposal costs

D.  

Cost of stockouts

Discussion 0
Question # 10

Which of the following factors should be considered in the choice of a warehouse location?

    The type of bar coding that is used

    The impact of local authority by-laws and regulations

    The number of forklifts to be used

    The nature of the items to be stored

Options:

A.  

2 and 4 only

B.  

2 and 5 only

C.  

1 and 3 only

D.  

1 and 2 only

Discussion 0

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