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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:
Mar 13, 2026
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

A company does not have enough space to hold inventory to satisfy an external foreign market. Therefore, the board of directors have decided that the company would buy stock in bulk and pay a fee for storage to a third-party warehouse provider local to the foreign market. This would allow the company to focus on other aspects of the business. The stock will be called off as and when required. Which of the following strategies is being pursued by this company?

Options:

A.

Cross-docking

B.

Insourcing

C.

Outsourcing

D.

Partnering

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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 one of the following statements is true about radio frequency identification (RFID)?

Options:

A.

RFID tags require laser scanning.

B.

A passive RFID tag does not use an antenna

C.

An active RFID tag does not require a power source

D.

Normally passive RFID tags store ID numbers