Sid King Sid King's Profile Page

Sid King Sid King

0 Course Enrolled • 0 Course Completed

Biography

Pass Guaranteed Quiz High Hit-Rate CIPS - Pass L4M7 Test

Good opportunities are always for those who prepare themselves well. You should update yourself when you are still young. Our L4M7 study materials might be a good choice for you. The contents of our study materials are the most suitable for busy people. You can have a quick revision of the L4M7 study materials in your spare time. Also, you can memorize the knowledge quickly. There almost have no troubles to your normal life. You can make use of your spare moment to study our L4M7 Study Materials. The results will become better with your constant exercises. Please have a brave attempt.

CIPS L4M7 exam is a highly specialized qualification that focuses on Whole Life Asset Management. It is designed for professionals who are looking to enhance their skills in the field of asset management and develop a deep understanding of the entire lifecycle of an asset. L4M7 exam is recognized globally and is highly respected in the industry. It covers a range of topics and requires a high level of dedication and commitment from candidates. L4M7 exam is an excellent opportunity for asset management professionals to demonstrate their expertise and advance their careers.

CIPS L4M7 Certification Exam is designed to test the knowledge and skills of professionals in the field of asset management. L4M7 exam covers various aspects of asset management, including planning, acquisition, operation, maintenance, and disposal. It is ideal for those who are involved in managing physical assets, such as buildings, infrastructure, and equipment, or intangible assets, such as intellectual property.

>> Pass L4M7 Test <<

L4M7 Latest Exam Vce & Certification L4M7 Book Torrent

We would like to provide our customers with different kinds of L4M7 practice torrent to learn, and help them accumulate knowledge and enhance their ability. Besides, we guarantee that the questions of all our users can be answered by professional personal in the shortest time with our L4M7 study guide. One more to mention, we can help you make full use of your sporadic time to absorb knowledge and information. In a word, compared to other similar companies aiming at L4M7 Test Prep, the services and quality of our products are highly regarded by our customers and potential clients.

CIPS Whole Life Asset Management Sample Questions (Q31-Q36):

NEW QUESTION # 31
Which of the following purchases are most likely to have low acquisition costs? Select TWO that apply.

A. Procurement of construction projects
B. Purchase of standard catalogued products
C. Purchase of ERP system
D. Spot purchase of a technically complexed machinery
E. Straight re-buy from a current supplier

Answer: B,E

Explanation:
According to L4M7 study guide, acquisition costs in procurement are the costs associated with the activities involved in a purchase. A buying organisation incurs acquisition costs in low-value purchases as well as high-value purchases. The following purchases tend to have lower acquisition costs:
- Straight re-buy from a current supplier
- Purchase of standard catalogued products
Otherwise, any purchases of high value, high-risk items generally require greater attention of buying organisation and thus, they are likely to have higher acquisition costs. Spot purchase of a technically complexed machinery, Purchase of ERP system and Procurement of construction projects are examples of high-value, high-risk purchases.
Reference:
LO 3, AC 3.1

NEW QUESTION # 32
The Four Counties hospital in Norway is experiencing financial pressures. The procurement team is looking for the best approach to procure patient equipment that is critical and is often required at very short notice.
Which of the following techniques would allow the hospital to access the stock at short notice, but without paying for it until it is used?

A. Consignment stocking
B. Volume-based pricing
C. Discounted stocking
D. Reference indices pricing

Answer: A

NEW QUESTION # 33
Lean principle focuses on eliminating eight types of waste. Waste in Lean manufacturing is defined as...?

A. Rejection of material because of quality related problems
B. Part of any activity which is inevitable
C. Part of activity when operator is idle
D. Non value-adding steps in a process

Answer: D

Explanation:
Lean thinking aims to remove wastes from work processes. Before diving into the 8 wastes, it is important to understand what waste is. Waste is any action or step in a process that does not add value to the customer. In other words, waste is any process that the customer does not want to pay for.
The original seven wastes (Muda) was developed by Taiichi Ohno, the Chief Engineer at Toyota, as part of the Toyota Production System (TPS). The seven wastes are Transportation, Inventory, Motion, Waiting, Overproduction, Overprocessing and Defects. They are often referred to by the acronym 'TIMWOOD'. The
8th waste of non-utilized talent or 'Skills' of workers was later introduced in the 1990swhen the Toyota Production System was adopted in the Western world. As a result, the 8 wastes are commonly referred to as
'TIMWOODS'.
A picture containing application Description automatically generated

Source: The lean way

NEW QUESTION # 34
A warehouse manager is evaluating the use of Automated Guided Vehicles (AGVs) within a non-repetitive task environment. After reviewing their use, the manager decided to invest in a number of AGVs. Was this decision correct?

A. Yes, as it will increase stock picking accuracy and productivity
B. Yes, as it will reduce the costs of labor by replacing a human worker
C. No, as it commits the organization to a large capital cost
D. No, as they are only suitable for use in repetitive task environments

Answer: D

Explanation:
Automated Guided Vehicles (AGVs) are best suited for environments with repetitive tasks, such as fixed routes in production lines. In non-repetitive tasks, their efficiency and effectiveness decrease. Whole-life asset management prioritizes choosing automation that aligns with operational needs, ensuring cost-effectiveness and suitability for the given tasks.

NEW QUESTION # 35
Among different types of costs associated with inventory, the opportunity cost of the investment tied up in inventory belongs to which of the following?

A. Acquisition costs
B. Holding costs
C. Costs of stockouts
D. Purchase price

Answer: B

Explanation:
Direct and indirect costs of holding inventory include the following:
- Acquisition costs
- Holding costs: There are 2 different types of holding costs: costs related to the value of the goods (including opportunity costs, costs of insurance, losses due to product deterioration, etc) and costs related to the physical characteristics of this inventory.
- Costs of stockouts
Reference:
LO 2, AC 2.2

NEW QUESTION # 36
......

It is because of our high quality CIPS L4M7 preparation software, PDF files and other relevant products, we have gathered thousands of customers who have successfully passed the CIPS L4M7 in one go. You can also attain the same success rate by using our high standard L4M7 Preparation products. Thousands of satisfied customers can't be wrong. You must try our products to believe this fact.

L4M7 Latest Exam Vce: https://www.actual4test.com/L4M7_examcollection.html

Sid King Sid King

Biography

Resources

Social Links