L4M7 ONLINE TEST | PASSING L4M7 SCORE

L4M7 Online Test | Passing L4M7 Score

L4M7 Online Test | Passing L4M7 Score

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Tags: L4M7 Online Test, Passing L4M7 Score, Exam L4M7 Review, Reliable L4M7 Exam Topics, Reliable L4M7 Test Camp

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CIPS L4M7 (CIPS Whole Life Asset Management) Exam is designed to test the knowledge and skills of professionals working in the field of asset management. L4M7 exam is specifically tailored to individuals who are seeking to enhance their understanding of the entire life cycle of an asset, from its creation to its disposal. L4M7 exam covers a wide range of topics including asset management strategies, risk management, maintenance and repair, asset disposal and environmental considerations.

CIPS L4M7 Certification Exam covers a wide range of topics related to asset management, including asset planning, acquisition, operation, maintenance, disposal, and renewal. CIPS Whole Life Asset Management certification program is perfect for professionals who are looking to enhance their knowledge and skills in the field of asset management and would like to gain a deeper understanding of the entire asset life cycle.

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CIPS Whole Life Asset Management Sample Questions (Q134-Q139):

NEW QUESTION # 134
U-shape flow layout can utilise handling equipment if the high demands items locate adjacent to shipping docks. Is this statement true?

  • A. No, because cross-docking is impossible in U-shape flow warehouse
  • B. No, because aisles between racks in U-shape flow are too small for any handling equipment
  • C. Yes, because U-shape layout allows S-line routing more efficient
  • D. Yes, because this layout places receiving docks and despatch docks close to one another

Answer: D

Explanation:
A 'U' flow occurs when the goods receipt and dispatch functions are located at the same end of a warehouse building.
Products flow in at receiving, move in to storage in the back of the warehouse, and then to shipping, which is located at the adjacent to receiving on the same side of the building.
Items with higher throughput level are located closer to the loading bays. An example of a 'U' flow design can be seen in the diagram below.

Advantages of 'U' Flow
- Excellent utilization of dock resources because the receiving and shipping processes can share dock doors
- Facilitating cross-docking because the receiving and shipping docks are adjacent to one another and may be co-mingled
- Excellent lift truck utilization because put away and retrieval trips are easily combined and be-cause the storage locations closest to the receiving and shipping docks are natural locations to house fast moving items
- Yields excellent security because there is a single side of the building used for entry and exit Reference:
LO 1, AC 1.1


NEW QUESTION # 135
The size of order that minimises the total cost of acquiring and holding stock is known as...

  • A. Average stock
  • B. The correct quantity
  • C. Order quantity
  • D. Economic Order Quantity

Answer: D


NEW QUESTION # 136
Which of the following is often created by each business and commonly used for the purpose of inventory management?

  • A. SKU
  • B. ISBN
  • C. FDA product code
  • D. Harmonised system

Answer: A

Explanation:
Organisations often create their own stock keeping unit (SKU) numbering system, which may or may not have a meaningful structure. Stock keeping unit is a number that is assigned to a product for the purpose of inventory management and is of tracking. In other words, a stock keeping unit is a unique identifier assigned to each product for easier and more efficient record keeping.
An FDA (US Food and Drug Administration) product code describes a specific product and contains a combination of five to seven numbers and letters. The product code submitted with each FDA line item should match the actual product name and/or invoice description of the product.
The International Standard Book Number is a numeric commercial book identifier which is in-tended to be unique. Publishers purchase ISBNs from an affiliate of the International ISBN Agency.
The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products.
Reference:
LO 1, AC 1.2


NEW QUESTION # 137
U-shape flow layout can utilise handling equipment if the high demands items locate adjacent to shipping docks. Is this statement true?

  • A. No, because cross-docking is impossible in U-shape flow warehouse
  • B. No, because aisles between racks in U-shape flow are too small for any handling equipment
  • C. Yes, because U-shape layout allows S-line routing more efficient
  • D. Yes, because this layout places receiving docks and despatch docks close to one another

Answer: D


NEW QUESTION # 138
Which of the following statements about radio frequency identification (RFID) is NOT true?

  • A. RFID systems can be complied with GS1 standards
  • B. RFID tags contain a microchip in which data of an item are saved
  • C. RFID is a powerful technology for tracking the movement of goods throughout the supply chain
  • D. RFID systems transmit radio signals over extreme long distances.

Answer: D

Explanation:
RFID tags have very limited range. The following table was extracted from Wikipedia:
RFID tags can be used to do the following:
- Track individual items
- Track boxes of products, cages of products and pallet
- Track containers with multiple loads
- Locate equipment within a building
- Trigger alarms should equipment or stock be removed without authorisation.
RFID tags are made of three different components: an RFID chip, which is an integrated circuit (IC), an antenna, and a substrate. RFID chips are very small integrated circuit incorporating a small memory capability
- many are smaller than 2mm square and 2mm thick. Despite its size, many can hold 2000 characters of data.
Many retailers simply use the tag as a thick label and print both sides with product information and perhaps a barcode.
It is important to note that there are multiple standards in use for RFID - some of these are standardised for industries but there are also national standards in operations. These standards need to be investigated before investment as not all readers work with all cards. GS1 is a non-for-profit organisation which make the standards for barcodes and RFID.


NEW QUESTION # 139
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