PASS EXAM WITHOUT HARDSHIPS WITH CIPS L4M7 EXAM QUESTIONS

Pass Exam Without Hardships With CIPS L4M7 Exam Questions

Pass Exam Without Hardships With CIPS L4M7 Exam Questions

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CIPS L4M7 certification exam is a highly respected qualification for professionals working in the asset management field. CIPS Whole Life Asset Management certification provides a comprehensive understanding of the entire life cycle of assets, from planning and design to operation and maintenance, and ultimately retirement or replacement. CIPS Whole Life Asset Management certification exam is designed to assess the knowledge and skills of individuals working in the asset management field and to demonstrate their ability to manage assets effectively.

CIPS L4M7 Exam is divided into two parts. The first part is a multiple-choice exam that tests the candidate's knowledge of asset management principles and practices. The second part is a written exam that assesses the candidate's ability to apply these principles and practices to real-life scenarios. Both parts of the exam are challenging and require candidates to have a deep understanding of the subject matter.

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CIPS L4M7 (CIPS Whole Life Asset Management) Certification Exam is a globally recognized certification program that is designed to equip professionals with the necessary knowledge and skills to manage assets effectively throughout their entire life cycle. CIPS Whole Life Asset Management certification is suitable for professionals who are involved in the acquisition, operation, maintenance, and disposal of assets.

CIPS Whole Life Asset Management Sample Questions (Q207-Q212):

NEW QUESTION # 207
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. 1 and 3 only
  • C. 2 and 3 only
  • D. 1 and 2 only

Answer: D

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 # 208
Which of the following best describes category 'A' in ABC analysis in inventory management?

  • A. Items that represent approximately 15% of total value
  • B. Items with high uncertainty
  • C. Items with high values
  • D. Items with low uncertainty

Answer: C

Explanation:
ABC classifications are applied to stock and its management is based loosely on the Pareto princi-ple, better known as the 80/20 rule.
The likely outcome of analysis of inventory (value importance):
- Category A - about 20% of the stock items account for about 80% of the total inventory value. Items in category A have the highest value.
- Category B - about 30% of items account for about 15% of total inventory value
- Category C - the remaining 50% of items account for 5% of the total inventory value


NEW QUESTION # 209
The minimal total cost is always achieved when there is only one warehouse. Is this statement true?

  • A. No, more warehouses will reduce the cost of storage
  • B. Yes, because warehouse overheads are fully utilised
  • C. No, fewer warehouse may lead to increasing transport costs
  • D. Yes, because the operation cost for warehouse reaches minimal level

Answer: C

Explanation:
The total cost of storage consists of two different costs:
- The cost of warehouses: each one has a different cost, and each has the cost of stock-holding and stock management included
- The transport costs: the total transport cost reduces as further warehouses mean shorter final delivery to the customers.
Depending on each situation, the optimal number of warehouses varies. Generally, more facilities will increase the cost of warehouses while reduce the transport costs and vice versa.
Reference:
LO 1, AC 1.1


NEW QUESTION # 210
Which of the following are examples of associated costs resulting from running out of inventory? SelectTWO that apply.

  • A. The costs associated with product deterioration
  • B. The costs associated with receipting the goods
  • C. The costs associated with production machine downtime
  • D. The costs associated with urgent delivery of raw materials
  • E. The costs associated with the IT ordering platform

Answer: C,D


NEW QUESTION # 211
Which of the following are considerations for the socially responsible aspect of the disposal of goods?
* Ensuring that the public is safeguarded from the short-term and long-term effects of the disposal
* Ensuring that the organisation arranging for disposal gets value for money from the disposal process
* Ensuring that there is limited damage to the environment caused by the disposal
* Ensuring that the disposal of goods minimizes the risk and impact to the staff and community

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

Answer: B

Explanation:
Socially responsible disposal practices prioritize:
* Public safety: Protecting individuals and communities from any adverse effects related to waste disposal.
* Environmental responsibility: Minimizing ecological damage through responsible disposal methods.
These practices are fundamental to whole-life asset management, which emphasizes sustainability and ethical considerations throughout the lifecycle of assets.


NEW QUESTION # 212
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