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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

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Question 1

Which of the following is the formula for calculating the re-order level?

Options:

A.

Average usage in a lead-time / Required level of safety stock

B.

Required level of safety stock x Average usage in a lead-time.

C.

Required level of safety stock – Average usage in a lead-time

D.

Average usage in a lead-time + Required level of safety stock

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Question 2

Stockyards are suitable for specific materials with which of the following characteristics? SelectTWOthat apply.

Options:

A.

Equipment only suited for inside storage

B.

Equipment with a long delivery lead time

C.

Items that are bulky and individually packed

D.

Small equipment that is of relatively low value

E.

Equipment that requires larger specialised handling

Question 3

Which of the following are recognised hidden costs associated with global sourcing?

    Quality control and nonconformance costs

    Increased lead times and inventory carrying costs

    Lower labour and wage costs

    Cost of tariffs and duties in supply chains

Options:

A.

1 and 2

B.

2 and 3

C.

3 and 4

D.

1 and 4

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