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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 ONE of the following correctly differentiates between obsolescent and redundant stock?

Options:

A.

Obsolescent stock is in short supply; redundant stock has no current supplier with stock available

B.

Obsolescent stock is damaged goods that need returning to suppliers; redundant stock is no longer stocked by the organisation

C.

Obsolescent stock has been updated by another item but can still be used; redundant stock is no longer used by an organisation

D.

Obsolescent stock has been supplied by a failed supplier; redundant stock requires quality testing before use

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Question 2

Holding inventory is key to ensure that an organisation can maintain production and meet customer demands. Which of the following are classes of inventory? SelectTHREEthat apply.

Options:

A.

Raw material

B.

Machines

C.

Finished products

D.

Sub-assemblies

E.

Scrap components

F.

Forklift trucks

Question 3

RFID uses radio frequencies for the purpose of identification and tracking of assets. Which of the following are disadvantages of using RFID? SelectTHREEthat apply.

Options:

A.

RFID can be too expensive for many applications as compared to other tracking and identification methods

B.

RFID is a restriction in managing the updates of stocks during the transportation of products

C.

Interference has been observed to take place in RFID systems when devices such as hand-held, portable, two-way radios are in use

D.

RFID provides a much less robust type of security as compared to other forms of scanning system

E.

It is difficult for an RFID reader to read the information where tags are installed in liquid or metal products

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