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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:
Aug 26, 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 warehouse manager is evaluating the use of Automated Guided Vehicles (AGVs) within a repetitive task environment. After reviewing their use and price, the manager decided to invest in several AGVs. Were they correct in doing this?

Options:

A.

Yes, as it will reduce the costs of employing labour

B.

No, as it reduces the flexibility of the warehouse operations

C.

Yes, organisations must use high-tech solutions where possible

D.

No, as they are only suitable for use in non-repetitive task environments

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Question 2

Which of the following can replace pallets as bases for unit loads but they require push pull acces-sories to retrieve or discharge unit load?

Options:

A.

Shrink wraps

B.

Post pallets

C.

Skids

D.

Slip sheets

Question 3

A manufacturer is making a plan for strategic safety stock. To do so, they must analyse the proba-bility of a stock out occurring and the cost impacts if it does. Which of the following are typical costs the manufacturer may incur in 'out of stock' event? Select TWO that apply.

Options:

A.

Extra costs for urgent transportation

B.

Cost of equipment downtime

C.

Costs for qualifying suppliers

D.

Costs of handling inventory

Costs of approving the requisition