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[Hardware] Quiz CIPS - Unparalleled L4M7 - CIPS Whole Life Asset Management Certification E

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【Hardware】 Quiz CIPS - Unparalleled L4M7 - CIPS Whole Life Asset Management Certification E

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The L4M7 exam dumps are the ideal study material for quick and complete L4M7 exam preparation. The real and top-notch CIPS L4M7 exam questions are being offered in three different formats. These formats are CIPS L4M7 PDF Dumps Files, desktop practice test software, and web-based practice test software.
CIPS L4M7 Certification Exam covers a wide range of topics related to asset management, including asset planning, procurement, maintenance, disposal, and risk management. L4M7 exam is designed to test the candidate's ability to apply these concepts in real-world scenarios, making it an ideal certification for professionals who want to demonstrate their practical knowledge of asset management. L4M7 Exam is also designed to be accessible to professionals from different backgrounds, with no specific prerequisites required to take the exam.
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CIPS Whole Life Asset Management Sample Questions (Q205-Q210):NEW QUESTION # 205
Zemora Clothing Inc. receives high-priced garments with devices hidden inside the lining to avoid possible fraudulent removal from the shop. These tags are activated upon arrival at stores, and security alerts are triggered if a garment is removed or taken out of the store without payment. Which of the following order tracking technology is used by this company?
  • A. Bar coding system
  • B. Electronic resource planning
  • C. Radio frequency identification
  • D. Electronic data interchange
Answer: C
Explanation:
Radio Frequency Identification (RFID) enables real-time tracking of items and is commonly used for security in retail to prevent theft. The tags are activated within a specified range, and alarms trigger when items exit without deactivation. RFID in asset management helps in tracking high-value items, ensuring security and reducing loss.

NEW QUESTION # 206
Which of the following is an advantage of hiring compared to buying asset equipment?
  • A. Responsibility for the repair of the equipment normally lies with the owner
  • B. Hiring eliminates the need for storage space for the equipment
  • C. Hiring increases the requirement for finance credit for the equipment
  • D. Hiring is the most suitable option for high-usage equipment
Answer: A
Explanation:
Hiring offers the advantage that the repair and maintenance responsibility usually lies with the equipment owner (lessor). This helps the hiring organization avoid costs associated with unexpected repairs and maintenance, beneficial in managing operating expenses and ensuring equipment uptime.
Whole-life asset management encourages hiring for short-term or temporary use, where maintenance responsibilities can be deferred to the provider, thus lowering total ownership costs for the user.

NEW QUESTION # 207
Which of the following are advantages of a multi-story warehouse compared to a single-story warehouse?
* Heavier, frequently moved items will always be stored on the upper floor of a multi-story warehouse
* Order tracking technology will be more effective and efficient in a multi-story warehouse
* There are more options for the storage of inventory by volume, weight, and frequency of movement in a multi-story warehouse
* The cost of land is likely to be less for a multi-story warehouse compared to a single-story warehouse for a similar product volume
  • A. 1 and 3 only
  • B. 3 and 4 only
  • C. 2 and 3 only
  • D. 1 and 2 only
Answer: B
Explanation:
Multi-story warehouses provide:
* Flexible storage options for various inventory types, based on volume, weight, and movement frequency.
* Cost savings on land: As vertical space is utilized, less land is needed for the same storage volume, potentially reducing property expenses.
Whole-life asset management considers these factors to maximize storage efficiency while managing real estate costs.

NEW QUESTION # 208
The inventory manager has adopted significant coding of the stock owing to its many benefits, including standardisation and variety reduction. Is this the right approach to adapt?
  • A. Yes, because significant coding uses numbers that enable grouping and aggregating similar items to identify stock proliferation
  • B. No, significant coding only helps in identifying stock items and their location to facilitate picking and issuing
  • C. Yes, because significant coding uses colours and not numbers and therefore excess stock can be spotted visually
  • D. No, significant coding uses numbers which are not useful for standardisation unless combined with colour coding
Answer: A

NEW QUESTION # 209
Which of the following are subjective forecasting techniques? Select TWO that apply.
  • A. Delphi method
  • B. Pareto principle Weighted moving average
  • C. Cycle counting
  • D. Test marketing
Answer: A,D
Explanation:
The most common subjective forecasting techniques include the following:
- Market surveys
- Employee surveys
- Expert knowledge (Delphi method is a method using expert knowledge)
- Test marketing
Cycle counting is a periodic analysis of inventory in a storage location which is conducted through the counting of samples instead of physically counting the entire inventory available, so as to quickly have an accurate estimate of the inventory available without causing a stop to the day to day working as is the case with physically counting every unit.
The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of fac-tor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.
Weighted moving averages assign a heavier weighting to more current data points since they are more relevant than data points in the distant past. The sum of the weighting should add up to 1 (or 100 percent).

NEW QUESTION # 210
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