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[General] 100% Pass 2026 Trustable CIPS Exam L4M7 Price

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【General】 100% Pass 2026 Trustable CIPS Exam L4M7 Price

Posted at before yesterday 19:29      View：21 | Replies：0        Print      Only Author   [Copy Link] 1#
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CIPS Whole Life Asset Management Sample Questions (Q208-Q213):NEW QUESTION # 208
Lean principle focuses on eliminating eight types of waste. Waste in Lean manufacturing is defined as...?
  • A. Rejection of material because of quality related problems
  • B. Part of activity when operator is idle
  • C. Non value-adding steps in a process
  • D. Part of any activity which is inevitable
Answer: C
Explanation:
Lean thinking aims to remove wastes from work processes. Before diving into the 8 wastes, it is important to understand what waste is. Waste is any action or step in a process that does not add value to the customer. In other words, waste is any process that the customer does not want to pay for.
The original seven wastes (Muda) was developed by Taiichi Ohno, the Chief Engineer at Toyota, as part of the Toyota Production System (TPS). The seven wastes are Transportation, Inventory, Motion, Waiting, Overproduction, Overprocessing and Defects. They are often referred to by the acronym 'TIMWOOD'. The
8th waste of non-utilized talent or 'Skills' of workers was later introduced in the 1990swhen the Toyota Production System was adopted in the Western world. As a result, the 8 wastes are commonly referred to as
'TIMWOODS'.
A picture containing application Description automatically generated

Source: The lean way

NEW QUESTION # 209
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. Interference has been observed to take place in RFID systems when devices such as hand-held, portable, two-way radios are in use
  • B. RFID is a restriction in managing the updates of stocks during the transportation of products
  • C. RFID can be too expensive for many applications as compared to other tracking and identification methods
  • 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
Answer: A,C,E

NEW QUESTION # 210
Manufacturing resources planning (MRP II) was developed from material requirement planning (MRP).
Which of the following is the additional input that is available in MRP II but does not ap-pear in MRP?
  • A. Master production schedule
  • B. Inventory records
  • C. Bill of materials
  • D. Finance
Answer: D
Explanation:
MRP I was some of the first business software to be widely adopted during the 1970s. Manufacturers sought these systems in order to improve efficiency and accuracy when it came to basic processes such as production scheduling and inventory management.
By the 1980s, manufacturers realized they needed software that could also tie into their accounting systems and forecast inventory requirements. Enter MRP II, which included these integrations in addition to all the capabilities offered by MRP I. Enterprise resource planning (ERP) software features-which we'll cover later on-are included in the following table for comparison.
Graphical user interface Description automatically generated

Reference:
- MRP vs. MRP II: What's the Difference?
- CIPS study guide page 118-119
LO 2, AC 2.3

NEW QUESTION # 211
Which of the following best describes available inventory (also known as inventory position)?
  • A. The amount of inventory on hand
  • B. The amount of inventory on order only
  • C. The amount of inventory on hand in excess of expected demand
  • D. The amount of inventory on hand plus the amount of inventory on order
Answer: D
Explanation:
Available inventory (or Inventory position - IP) is equal to inventory on-hand plus quantity on order minus backorder (if any) Reference:
LO 2, AC 2.3

NEW QUESTION # 212
Which of the following statements is true of just-in-time (JIT) purchasing?
  • A. Only disadvantage of JIT purchasing is the higher level carrying and inspection costs
  • B. In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales
  • C. In JIT purchasing, the optimal safety-stock level is the quantity of safety stock that minimizes the sum of annual relevant stockout and carrying costs
  • D. JIT purchasing is guided solely by the EOQ model because that model emphasizes the tradeoff between relevant carrying and ordering costs
Answer: B
Explanation:
Just-in-time (JIT) purchasing is a systems approach for developing and operating the purchasing function. JIT purchasing along with the total quality management in many industries has been suc-cessful in reducing inventory and increasing the overall effectiveness of purchasing function and hence the productivity of manufacturing.
The just-in-time objectives of eliminating waste can be summarised in the 'five zeros: zero defects, zero set-up times, zero inventories, zero handling and zero lead times.
The correct answer should be 'In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales' because it expresses that upstream activity (purchasing) only occurs as the downstream activity (production or sales) triggers.
Reference:
LO 2, AC 2.3

NEW QUESTION # 213
......
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