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CIPS L4M7 Exam With Confidence Using Practice Dumps

Exam Code:
L4M7
Exam Name:
Whole Life Asset Management
Vendor:
Questions:
255
Last Updated:
Feb 11, 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

Which of the following are likely to be included in a formal business case document for stakeholders to support the purchase of a new piece of specialist equipment?

    The conformance standard that relates to the future operation of the equipment

    The context of proposed purchase in relation to business strategy alignment

    Resource requirements including the managerial and operational team resources

    The planned preventative maintenance plan for the equipment to ensure effectiveness

Options:

A.

1 and 2 only

B.

2 and 5 only

C.

3 and 4 only

D.

2 and 4 only

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Question 2

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

Options:

A.

No, fewer warehouse may lead to increasing transport costs

B.

Yes, because the operation cost for warehouse reaches minimal level

C.

Yes, because warehouse overheads are fully utilised

D.

No, more warehouses will reduce the cost of storage

Question 3

Which is the best definition of reorder point?

Options:

A.

The point at which stock will fall to zero minus lead-time

B.

The point when one unit of stock remains in stock

C.

The point when stock reaches zero

D.

The level inventory at which an order must be made