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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

Question 1

Staff at DIY Products Inc (DPI) have been experiencing issues with the identification of stock items. The current labelling system is outdated and unreliable. DPI has therefore invested in a machine-readable approach. Each item has a unique number that is attached visibly to the packaging. This number can be deciphered by a scanner to aid identification. This approach is known as which of the following?

Options:

A.

Standard certification

B.

Bar coding

C.

Order tracking

D.

Product tagging

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Question 2

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

Question 3

Which of the following is a description of a distribution centre?

Options:

A.

A building which is rented to tenants, usually on a short-term month-by-month basis

B.

A large building for storing things before they are sold, used, or sent out to shops

C.

A large metal box of a standard design and size used for the transport of goods by road, rail, sea, or air

D.

A building that offers value-added services like product mixing, order fulfilment, cross-docking, and packaging