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CIPS L4M7 Exam With Confidence Using Practice Dumps

Exam Code:
L4M7
Exam Name:
Whole Life Asset Management
Vendor:
Questions:
294
Last Updated:
Dec 28, 2025
Exam Status:
Stable
CIPS L4M7

L4M7: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

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Whole Life Asset Management Questions and Answers

Question 1

Holding inventory is key to ensure that an organisation can maintain production and meet customer demands. Which of the following are classes of inventory? SelectTHREEthat apply.

Options:

A.

Raw material

B.

Machines

C.

Finished products

D.

Sub-assemblies

E.

Scrap components

F.

Forklift trucks

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Question 2

XYZ Ltd is a retailer in the US. Their customers' demand for Thanksgiving and Christmas decora-tions usually rises in the end of the year. This irregular demand results in more required storage space for finished goods during peak seasons. Which of the following are possible solutions for dealing with required additional space?

1. Maximising aisle width

2. Keeping high buffer stock throughout the year

3. Maximising flexibility in warehouse layout

4. Installing mezzanine floor

Options:

A.

1 and 3 only

B.

2 and 4 only

C.

1 and 2 only

D.

3 and 4 only

Question 3

Long-term forecasting of demand using a subjective method is based on a...

Options:

A.

Predicted cash flow forecast levels used by the organisation

B.

Method of calculating the price in detail within the supply chain

C.

Qualitative, informal, experience-based, or intuitive method

D.

Quantitative, explicit, statistical, or formal method