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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

Question 1

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

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Question 2

Which of the following is the core idea of Lean manufacturing?

Options:

A.

New product development

B.

Waste elimination

C.

Improving response to erratic demand

D.

Business Continuity Planning

Question 3

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