2025 L4M7 VALID TEST DUMPS | THE BEST L4M7 100% FREE RELIABLE EXAM BOOTCAMP

2025 L4M7 Valid Test Dumps | The Best L4M7 100% Free Reliable Exam Bootcamp

2025 L4M7 Valid Test Dumps | The Best L4M7 100% Free Reliable Exam Bootcamp

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CIPS L4M7 (CIPS Whole Life Asset Management) Exam is a professional certification program designed for individuals who aspire to become asset management professionals. L4M7 exam is an intermediate-level certification that covers a wide range of topics related to asset management, including the creation, operation, maintenance, and disposal of assets over their entire lifecycle. L4M7 exam is recognized as a benchmark for competency in asset management by leading organizations across the world.

CIPS L4M7 Exam is ideal for professionals who have already completed the CIPS Level 4 Diploma in Procurement and Supply, or who have equivalent qualifications or experience. It is also suitable for those who are currently working in asset management roles or who are looking to transition into this field.

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Of course, when we review a qualifying exam, we can't be closed-door. We should pay attention to the new policies and information related to the test L4M7 certification. For the convenience of the users, the L4M7 test materials will be updated on the homepage and timely update the information related to the qualification examination. Annual qualification examination, although content broadly may be the same, but as the policy of each year, the corresponding examination pattern grading standards and hot spots will be changed, the L4M7 Test Prep can help users to spend the least time to pass the exam.

CIPS L4M7 Exam is designed to help professionals acquire in-depth knowledge and expertise in managing assets throughout their lifecycle. L4M7 exam covers topics such as asset management planning, procurement, risk management, performance management, and asset disposal. L4M7 Exam also covers the legal and regulatory requirements for asset management and the latest industry best practices. By passing the exam, professionals can demonstrate their proficiency in asset management and enhance their career prospects.

CIPS Whole Life Asset Management Sample Questions (Q208-Q213):

NEW QUESTION # 208
A pharmaceutical firm offers a new drug called NC-01. After analysing the market, the firm realises that the demand is largely variable. But they still have to forecast the customer demand for the next production cycle.
The new drug NC-01 is best described as which type of item?

  • A. Overhead items
  • B. Dependent demand
  • C. Indirect demand
  • D. Independent demand

Answer: D

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) Independent demand is the requirement for stock item which is not directly related to, and is therefore independent of rate of production. Although independent demand is called thus, it can still be influenced by economic factors external to the demand-supply model such as general consumer sentiment and consumers' available disposal income. However, businesses that need to predict the number of products with independent demand needed to sate their customers have it easier than businesses that must calculate the demand for products with dependent demand because there are fewer factors to consider.
In this scenario, the new drug is finished good which is dependent on the demand of the market, and the firm needs to forecast before initiating the production process. The item is independent from rate of production, therefore, it must be independent demand item.


NEW QUESTION # 209
Which of the following are warehouse layouts that allow the cross aisle to meet picking aisle at angles different from 90 degrees?
1. 'Fan' shaped layout
2. Herringbone-shaped layout
3. U-shape layout
4. L-shape layout

  • A. 1 and 3 only
  • B. 1 and 2 only
  • C. 3 and 4 only
  • D. 2 and 3 only

Answer: B

Explanation:
In a traditional warehouse, storage racks are arranged to create parallel picking aisles, perhaps with one or more cross aisles to allow workers to move quickly between picking aisles. This structure forces workers to travel rectilinear distances (north-south and east-west) to picking locations.

Kevin R. Gue and Russell D. Meller proposed alternative aisle designs:
- The 'Fan' shaped layout (or "Flying V"). This layout maintains parallel picking aisles, but al-lows the cross aisle to take on a different shape. If travel begins and ends at the bottom of the V, Gue and Meller expected distance to retrieve a single pallet is 10% less in this warehouse than in an equivalent traditional design.
- The Herringbone-shaped layout (or commonly referred as Fishbone layout) combines the verti-cal picking rows of a traditional warehouse with a second set of horizontal picking rows, divided by a V-shaped diagonal alley crossing the entire warehouse. This simple modification to the typical warehouse design allows employees (e.g. a forklift driver) to increase travel speed between picking locations. Efficiency gains achieved through a layout reconfiguration would reduce picking cost up to 23% compared to an equivalent warehouse using a traditional configuration.

Reference
Aisle Design - Kevin Gue
LO 1, AC 1.1


NEW QUESTION # 210
Bulk loose coal that requires massive handling system should be stored in which area?

  • A. Stockyard
  • B. Chill hub
  • C. Store
  • D. Heating warehouse

Answer: A

Explanation:
Materials that will not easily deteriorate, are generally stored in open or fairly covered areas (stockyard). The materials are usually in bulk, like steel plates or coils casting, timber coal, steel barrels, cable drums, piping, lampposts, lorries, etc.
Stockyards are open or semi-covered areas that are used for the following:
- Bulk loose or packaged materials
- Bulky or oversized items that may be difficult to move inside
- Materials that may require specialised handling, loading or unloading Below image shows the example of a stockyard that stores loose coal and its handling system.

LO 1, AC 1.1


NEW QUESTION # 211
Nuclear Energy Group Limited (NEG) has a number of investment options currently under appraisal. As these are all long-term investments (more than 30 years), NEG is adopting a total cost of ownership approach. It has gathered data on all associated costs over the life of the investment. Which of the following will be regarded as end-of-life costs?

  • A. Decommissioning costs
  • B. Installation costs
  • C. Insurance costs
  • D. Servicing costs

Answer: A


NEW QUESTION # 212
Long-term forecasting of demand using a subjective method is based on a...

  • A. Predicted cash flow forecast levels used by the organisation
  • B. Method of calculating the price in detail within the supply chain
  • C. Qualitative, informal, experience-based, or intuitive method
  • D. Quantitative, explicit, statistical, or formal method

Answer: C


NEW QUESTION # 213
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