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CIPS Updated L4M7 Exam Questions and Answers by stephen

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CIPS L4M7 Exam Overview :

Exam Name:	Whole Life Asset Management
Exam Code:	L4M7 Dumps
Vendor:	CIPS	Certification:	CIPS Level 4 Diploma in Procurement and Supply
Questions:	255 Q&A's	Shared By:	stephen

Question 24

Buffer stock is a level of stock which...

Options:

A.

Is half of the actual stock that needs to be in the warehouse

B.

Is the minimum stock level below which actual stock should not fall

C.

Is the maximum stock in inventory

D.

Is when the physical ordering process should start to replenish used items

Discussion

Question 25

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?

Options:

A.

Indirect items

B.

Capital goods

C.

Dependent demand items

D.

Independent forecast items

Discussion

Question 26

Which of the following are examples of associated costs resulting from running out of inventory? SelectTWOthat apply.

Options:

A.

The costs associated with receipting the goods

B.

The costs associated with urgent delivery of raw materials

C.

The costs associated with product deterioration

D.

The costs associated with the IT ordering platform

E.

The costs associated with production machine downtime

Discussion

Question 27

MRP system is the most suitable IT system to manage which type of items?

Options:

A.

Dependent demand

B.

Construction projects

C.

Independent demand

D.

Fast moving components

Discussion

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