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[General] L4M7 test torrent, exam questions and answers for CIPS Whole Life Asset Manageme

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【General】 L4M7 test torrent, exam questions and answers for CIPS Whole Life Asset Manageme

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The CIPS L4M7 exam is offered by the Chartered Institute of Procurement and Supply (CIPS), a global professional body that sets the standards for best practice in procurement and supply chain management. The CIPS L4M7 Exam is designed to test candidates' knowledge and understanding of whole life asset management principles and practices, and their ability to apply these in real-world scenarios.
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CIPS Whole Life Asset Management Sample Questions (Q93-Q98):NEW QUESTION # 93
Which of the following are typical characteristics of 2D barcodes? Select TWO that apply.
  • A. 2D barcodes can contain more data than 1D barcodes
  • B. Every 2D barcodes must conform international standards
  • C. 2D barcodes can be read by linear scanners
  • D. The 2D barcodes are machine-readable
  • E. 2D barcodes are exclusively used for marketing purpose
Answer: A,D
Explanation:
Two-dimensional (2D) barcodes look like squares or rectangles that contain many small, individual dots. This has many different types (i.e. Data matrix, QR codes, Aztec code,...) and several different standards in use (i.
e. GS1 standards, ISO/IEC 18004:2015). It can be substituted for 1D barcode, but it has the capability to hold a larger amount of data. For examples, GS1 Data Matrix can contain 3116 Numeric characters or 2335 Alphanumeric characters while GS1-128 barcode has maximum capacity of 48 characters.
Like 1D barcodes, 2D barcodes are also machine-readable with dots/squares and spaces. They have symbology like this:
Qr code Description automatically generated

Since the code is two dimensional, conventional laser scanner can't read it. 2D barcodes require imaging scanner to read.
2D barcodes can be also used for different purposes throughout the supply chain: identifying prod-ucts/SKU (single unit, packaged or pallet), identifying content of a purchase order or delivery, identifyingthe batch number from which the item originates, identifying the manufacturer, country of origin etc, tracking status of an order, shipment or delivery

NEW QUESTION # 94
Ranger Mobile Ltd is a emerging smartphone manufacturer. The manufacturer adopts the just-in-time method: First, the customers make orders, then it will decide which components to be pur-chased according to the bill of materials. These components are known as which of the following?
  • A. Indirect items
  • B. Capital goods
  • C. Dependent demand items
  • D. Independent forecast items
Answer: C
Explanation:
Dependent demand is the requirement for stock item which is directly related to and therefore de-pendent upon the rate of production (examples are: raw materials, components, energy). The com-ponents in the scenario are dependent demand items.
Independent demand is the requirement for stock item which is not directly related to, and is therefore independent of rate of production.
Reference:
LO 2, AC 2.1

NEW QUESTION # 95
Which of the following is the correct statement about total ordering cost?
  • A. Equal the number of orders placed times the cost of placing an order
  • B. Rise as the average stock level rises
  • C. Fall with the per period usage rate
  • D. Rise as the order quantity rises
Answer: A
Explanation:
Typically, ordering costs include expenses for a purchase order, labor costs for the inspection of goods received, labor costs for placing the goods received in stock, labor costs for issuing a supplier's invoice and labor costs for issuing a supplier payment. These costs are irrelevant from the size of the order and are incurred every time a firm places an order.
The total ordering cost will be equal to ordering cost per order multiply with number of orders.
Reference: CIPS study guide page 99-100
LO 2, AC 2.2

NEW QUESTION # 96
To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?
  • A. Sensors
  • B. Fencing
  • C. Lighting
  • D. CCTV
Answer: A
Explanation:
The most basic alarm consists of one or more sensors to detect intruders, and an alerting device to indicate the intrusion. However, a typical premises security alarm employs the following compo-nents:
- Premises control unit (PCU), Alarm Control Panel (ACP), or simply panel: The "brain" of the system, it reads sensor inputs, tracks arm/disarm status, and signals intrusions. In modern system, this is typically one or more computer circuit boards inside a metal enclosure, along with a power supply.
- Sensors: Devices which detect intrusions. Sensors may be placed at the perimeter of the protected area, within it, or both. Sensors can detect intruders by a variety of methods, such as monitoring doors and windows for opening, or by monitoring unoccupied interiors for motions, sound, vibration, or other disturbances.
- Alerting devices: These indicate an alarm condition. Most commonly, these are bells, sirens, and/or flashing lights. Alerting devices serve the dual purposes of warning occupants of intrusion, and potentially scaring off burglars. These devices may also be used to warn occupants of a fire or smoke condition.
- Keypads: Small devices, typically wall-mounted, which function as the human-machine interface to the system. In addition to buttons, keypads typically feature indicator lights, a small multi-character display, or both.etc.
- Interconnections between components. This may consist of direct wiring to the control unit, or wireless links with local power supplies.
In addition to the system itself, security alarms are often coupled with a monitoring service. In the event of an alarm, the premises control unit contacts a central monitoring station. Operators at the station see the signal and take appropriate action, such as contacting property owners, notifying police, or dispatching private security forces. Such signals may be transmitted via dedicated alarm circuits, telephone lines, or the internet.
Reference:
Security alarm - Wikipedia
LO 1, AC 1.1

NEW QUESTION # 97
Which of the following are most likely to be the purposes of packing and packaging?
1. To bring the product cost down
2. To protect the product
3. To improve the product recognition
4. To test the product durability
  • A. 2 and 3 only
  • B. 3 and 4 only
  • C. 1 and 2 only
  • D. 1 and 4 only
Answer: A
Explanation:
It would be really convenient if we could just hand our products directly to the customers, but that's not possible. Packaging needs to be done for several reasons. Here are some of the most prominent ones:
1. Safety: Packaging is used to keep your product safe from external factors. It also prevents human tampering. If you want to sell fruit juice, you just can't hand it over to customers. It should be packaged in something, like a stand up pouch.
2. Brand visibility: You provide the best product in your category and you want your customers to remember that. How else will you do that without using the right kind of creative food packaging?
3. Bundling it together: If you want to sell an ounce of something, you need to create a packet so that the right amount is bundled together.
4. Theft prevention: If you sell your product loose, there are chances that the retailer doesn't give the right amount to the customer and saves some part for himself. There are other cases too where theft can be done in the absence of packaging.
Apart from these four, there are many other reasons why you should package your products.

NEW QUESTION # 98
......
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