Reliable L4M7 Dumps Book & L4M7 Latest Exam Materials
Reliable L4M7 Dumps Book & L4M7 Latest Exam Materials
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CIPS L4M7 Exam focuses on the whole life approach to asset management, which involves managing assets throughout their entire life cycle, from acquisition to disposal. This approach ensures that assets are used efficiently and effectively to achieve the organization's strategic objectives. L4M7 exam covers a range of topics, including asset management principles, asset management strategies, asset acquisition and disposal, maintenance and repair, and risk management.
CIPS L4M7 exam covers a wide range of topics related to whole life asset management, such as the identification, acquisition, development, utilization, and disposal of assets. L4M7 Exam is specifically designed to help professionals develop knowledge and skills that are required to manage the complete lifecycle of assets effectively. The CIPS L4M7 certification includes practical skills in monitoring, maintenance, and optimization of assets, focusing on sustainability, risk management, and governance.
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CIPS L4M7 exam covers a wide range of topics related to asset management, including the identification and classification of assets, the development of asset management plans, and the implementation of maintenance strategies. L4M7 exam also covers the financial aspects of asset management, such as budgeting and cost management, as well as the legal and regulatory requirements that must be met to ensure compliance. By passing the CIPS L4M7 Exam, professionals will demonstrate their expertise in asset management and enhance their career prospects in the field.
CIPS Whole Life Asset Management Sample Questions (Q79-Q84):
NEW QUESTION # 79
Which of the following are advantages of a multi-story warehouse compared to a single-story warehouse?
* Heavier, frequently moved items will always be stored on the upper floor of a multi-story warehouse
* Order tracking technology is more effective and efficient in a multi-story warehouse
* There are more options for the storage of inventory by volume, weight, and frequency of movement in a multi-story warehouse
* The cost of land is likely to be less for a multi-story warehouse compared to a single-story warehouse for a similar product volume
- A. 2 and 3 only
- B. 3 and 4 only
- C. 1 and 4 only
- D. 1 and 2 only
Answer: B
NEW QUESTION # 80
Objective forecasting techniques must be based on which of the following?
1. Opinions
2. Figures
3. Facts
4. Jugdement
- A. 3 and 4 only
- B. 1 and 4 only
- C. 2 and 3 only
- D. 1 and 2 only
Answer: C
Explanation:
Subjective forecasting uses qualitative methods (surveys, opinions) which relay on perception and opinion. Objective forecasting uses quantitative methods (facts and figures). Both methods have to make assumption about how closely (or not) the future will resemble the present and the past. Forecasting is never exact.
Reference:
LO 2, AC 2.3
NEW QUESTION # 81
Which of the following is a forecasting technique?
- A. Moving average
- B. ABC analysis
- C. LIFO
- D. Time-weighted series
Answer: A
Explanation:
Last in, first out (LIFO) is a method used to account for inventory that records the most recently produced items as sold first. Under LIFO, the cost of the most recent products purchased (or pro-duced) are the first to be expensed as cost of goods sold (COGS)-which means the lower cost of older products will be reported as inventory.
Moving average: a calculation to analyse data by creating series of averages of different subset of full data set. It is commonly used with time series data to smooth out short-term fluctuation and highlight long-term trends or cycle ABC analysis is a method of analysis that divides the subject up into three categories: A, B and C.
There is no technique called time-weighted series.
LO 2, AC 2.3
NEW QUESTION # 82
Which of the following are features of product codes?
1. Product codes link to products' characteristics
2. A product code must comply with international standards
3. Many internal processes use the product codes as facilitators
4. There are no duplicate product codes
- A. 1 and 3 only
- B. 2 and 4 only
- C. 3 and 4 only
- D. 1 and 2 only
Answer: A
Explanation:
The product code is often the key to obtaining documentation relating to products.
Product codes are often use to link to internal processes. Some computerised inventory systems trigger alerts when specific items or volume are ordered - this could be an out-of-stock warning or potential volume errors.
In many cases, an organisation will use its own product code system. The organisation constructs a code that is effective and fits with its software and the variety of items covered. So these codes may or may not comply with any international standards (such as GS1 specifications, ISO standards, etc.). As organisations make up the code themselves, the codes may look identical to others. For example, SKU414675 reveals that it is used for many items, including the following:
- A UK wholesaler's six-pack of branded cola
- An Australian snack food
- UK flower seeds
- An Italian desk sold in Japan
- A Brazilian light fitting
Reference:
LO 1, AC 1.2
NEW QUESTION # 83
To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?
- A. Sensors
- B. CCTV
- C. Fencing
- D. Lighting
Answer: A
Explanation:
The most basic alarm consists of one or more sensors to detect intruders, and an alerting device to indicate the intrusion. However, a typical premises security alarm employs the following compo-nents:
- Premises control unit (PCU), Alarm Control Panel (ACP), or simply panel: The "brain" of the system, it reads sensor inputs, tracks arm/disarm status, and signals intrusions. In modern system, this is typically one or more computer circuit boards inside a metal enclosure, along with a power supply.
- Sensors: Devices which detect intrusions. Sensors may be placed at the perimeter of the protected area, within it, or both. Sensors can detect intruders by a variety of methods, such as monitoring doors and windows for opening, or by monitoring unoccupied interiors for motions, sound, vibration, or other disturbances.
- Alerting devices: These indicate an alarm condition. Most commonly, these are bells, sirens, and/or flashing lights. Alerting devices serve the dual purposes of warning occupants of intrusion, and potentially scaring off burglars. These devices may also be used to warn occupants of a fire or smoke condition.
- Keypads: Small devices, typically wall-mounted, which function as the human-machine interface to the system. In addition to buttons, keypads typically feature indicator lights, a small multi-character display, or both.etc.
- Interconnections between components. This may consist of direct wiring to the control unit, or wireless links with local power supplies.
In addition to the system itself, security alarms are often coupled with a monitoring service. In the event of an alarm, the premises control unit contacts a central monitoring station. Operators at the station see the signal and take appropriate action, such as contacting property owners, notifying police, or dispatching private security forces. Such signals may be transmitted via dedicated alarm circuits, telephone lines, or the internet.
Reference:
Security alarm - Wikipedia
LO 1, AC 1.1
NEW QUESTION # 84
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