CIPS L4M7 Valid Dump : CIPS Whole Life Asset Management

L4M7 real exams

Exam Code: L4M7

Exam Name: CIPS Whole Life Asset Management

Updated: Nov 13, 2024

Q & A: 197 Questions and Answers

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CIPS L4M7 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand the key elements of effective inventory control
  • Factors that influence stores and warehouse layout
Topic 2
  • Hidden costs – global sourcing, risks associated with extended supply chain
  • Cross functional support – ensure access to data
Topic 3
  • Environmental standards for packaging
  • Materials handling equipment
Topic 4
  • Discuss options to reduce costs whilst mitigating any negative impact on service levels
  • Location of stores and warehouses
Topic 5
  • Ensure senior management support
  • Use best estimates of values available
  • Identify the contributing elements to end-of-life costs
Topic 6
  • The use of automation in warehousing
  • Palletisation and unit loads
Topic 7
  • Explain the use of product coding in inventory operations
  • Order tracking technologies
Topic 8
  • Opening stock, work in progress, safety stock and finished goods
  • Obsolescent and redundant stock
Topic 9
  • Differentiate between the different classifications of inventory
  • Identify techniques associated with inventory control
Topic 10
  • Identify the principles, purpose and impact of stores and warehouse design
  • Identify the direct and indirect costs of holding inventory
Topic 11
  • Systems for product coding
  • Bar coding
  • The use of RFID technologies

Reference: https://www.cips.org/qualifications/diploma-in-procurement-supply/whole-life-asset-management

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