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Pass Guaranteed High-quality L4M7 - Exam CIPS Whole Life Asset Management Braind

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Pass Guaranteed High-quality L4M7 - Exam CIPS Whole Life Asset Management Braind

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CIPS L4M7 Certification Exam covers a wide range of topics related to asset management, such as asset planning, acquisition, operation, maintenance, and disposal. It also covers the financial, legal, and regulatory aspects of asset management, as well as the role of information technology in asset management.
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CIPS L4M7 exam, also known as the CIPS Whole Life Asset Management exam, is a comprehensive certification exam designed for professionals who want to advance their knowledge and skills in the field of asset management. L4M7 exam is intended for individuals who are working in the public or private sector and are responsible for managing assets throughout their entire life cycle. L4M7 Exam covers a wide range of topics, including asset planning, acquisition, operation, maintenance, and disposal.
CIPS Whole Life Asset Management Sample Questions (Q56-Q61):NEW QUESTION # 56
Which of the following is NOT an improvement available in ERP II in compare with ERP?
  • A. ERP II systems are closed and silo-working
  • B. ERP II offers better integration with other proprietary software
  • C. ERP II crosses all sectors and segments of business, including service, government and asset-based industries
  • D. ERP II enables the organisation to collaborate with trading partners across the supply chain
Answer: A
Explanation:
The main improvements from ERP to ERP II are the following:
- ERP II is web enabled as compared to Conventional ERP Which is not.
- ERP is restricted to provide selected exhaustive or rigorous or wide-spread coverage in its mod-ules. But as compared to ERP, ERP II provides the true and accurate blend of the macro and the micro and affords customers with curative actions/measures after identifying the slip-up/error or fault;
- ERP was embattled more headed for manufacturing or industrialization and the dilemma or difficulty is conquer in ERP II by endowing clarification for all kind of industries and sectors.
- ERP is not in the position or could not possibly integrate/incorporate diverse functions from di-verse departments/divisions but ERP II could possibly do so as well as from different industries as compared to conventional ERP.
- For WEB and WAP connectivity ERP II grip CRM and SCM Functionalities.
- ERP II be obliged the function and purpose to an external/outdoor one and smooth the progress of better networks than remaining as internal/interior application.
Reference:
- Next Generation Enterprise Resource Planning: ERP II
- CIPS study guide page 119-122
LO 2, AC 2.3

NEW QUESTION # 57
Which of the following are the key elements of total productive maintenance?
1. Reactive maintenance
2. Quality maintenance
3. Deferred maintenance
4. Autonomous maintenance
  • A. 1 and 2 only
  • B. 2 and 4 only
  • C. 1 and 3 only
  • D. 2 and 3 only
Answer: B
Explanation:
Total productive maintenance (TPM) is an innovative concept in the manufacturing industry that evolved from the idea of preventive maintenance to adopt practices of productive maintenance, maintenance prevention, and reliability Engineering. What we now refer to as TPM, has become an ingenious approach to achieve overall equipment effectiveness by involving the workforce behind the machines (i.e. the operators).
8 pillars of TPM

1) 5S - Sort, straighten, shine, standardize, and sustain
Just like a physical structure starts with a grounded framework, building a strong TPM process requires a strong foundation in the form of the principles of 5S. This is a workplace organization method that is simplified into 5 basic steps:
Sort tools, equipment, and materials to identify which of these can be discarded Straighten and set things in proper order to reduce unnecessary motion and efficiently travel be-tween working groups and locations Shine refers to performing necessary housekeeping to clean up the work area Standardize and schedule activities to systematically form the habits to keep the workplace orga-nized Sustain the process and principles for long-term applications The 5S approach provides a systematic approach to cleaning the workplace, thereby uncovering underlying problems and challenges.
2) Autonomous maintenance
Maintenance tasks and caring for equipment should start with the people using the equipment. The empowerment of operators to work on small maintenance tasks effectively allows the maintenance teams to focus on more specialized assignments.
3) Continuous improvement
Also known as the Japanese term Kaizen, Continuous Improvement promotes the attitude of pro-gressing towards zero losses and zero defects. Through small but continual tweaks to processes, the overall effectiveness and efficiency of the organization is developed.
4) Planned maintenance
Planned maintenance activities are essential to the prevention of equipment breakdown. Planned maintenance is performed by periodically evaluating the condition of equipment to proactively prevent deterioration and mechanical failures.
5) Quality maintenance
To ensure the satisfaction of the customer, manufacturing processes aim for zero-defect production. Standards for superior quality, and checks on whether the standards are being met, should be in place. The goal of quality maintenance is to identify any possible causes of deviations from zero-defect production.
6) Training
The idea of TPM is that everyone does their part to contribute to the overall productivity of the production process. In order to achieve optimum performance, and to build each member's competence, proper training is required to equip each one with the theoretical and practical know-how of working with machines and equipment.
7) Office TPM
A key role that is often overlooked is the administrative department that works behind the scenes. Like the rest of the production teams and processes, the management and administrative functions are also subject to productivity improvement. Tins includes identifying and eliminating losses, and contributing to the overall performance of the plant.
8) Safety, health, and environment
The last of the eight pillars focuses on creating a safe workplace. The essence of this pillar is real-ized when actively applied to each of the other pillars. The successful implementation of this pillar will contribute to a secure and hazard-free workplace.
Reference:
Total Productive Maintenance (TPM) - Upkeep
CIPS study guide page 163
LO 3, AC 3.1

NEW QUESTION # 58
Which of the following is the most suitable container of fasteners (screws, nails, nuts and bolts,...)?
  • A. Pallet
  • B. Stock cage
  • C. Bar rack
  • D. Tote box
Answer: D
Explanation:
Tote box is the reusable storage box. These can be open or have lids or flaps to close them and come in a large variety of sizes and weight loadings.

A tote is ideal for holding and hauling items such as: tools, fasteners, bark dust, dry cement, cords, wires, smaller boxes,...
Pallets are the platform structures designed to support a load and be lifted using the forks (typically seen on forklift trucks and other equipment). These are in a variety of standard sizes and can be made of many materials including plastics, resin, board or timber. Pallets are not containers, but support platforms.

Bar racks are designed to store bars and pipes

Stock cages are available in many sizes and can hold single items or groups of items

Reference:
LO 1, AC 1.1

NEW QUESTION # 59
RFID uses radio frequencies for the purpose of identification and tracking of assets. Which of the following are disadvantages of using RFID? SelectTHREEthat apply.
  • A. It is difficult for an RFID reader to read the information where tags are installed in liquid or metal products
  • B. RFID can be too expensive for many applications as compared to other tracking and identification methods
  • 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 is a restriction in managing the updates of stocks during the transportation of products
  • E. RFID provides a much less robust type of security as compared to other forms of scanning system
Answer: A,B,C

NEW QUESTION # 60
A procurement manager is considering leasing premises rather than purchasing them. If the company decides to lease premises, which of the following are correct?
1. The lessee has possession and use of the asset
2. The asset is subject to a hire purchase agreement
3. The lessor retains ownership of the asset
4. At the end of the lease. ownership automatically transfers to the lessee
  • A. 1 and 2 only
  • B. 1 and 3 only
  • C. 3 and 4 only
  • D. 2 and 3 only
Answer: A

NEW QUESTION # 61
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