Cips passguide cips Level 4 Diploma In Procurement And Supply L4m7 Passing Score by Yusha q95 vce pdf

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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:	yusha

Question 52

What are the contents of master production schedule in MRP system?

Options:

The investment required for production

How many final products will be made and when to make them

The total number of labour required to produce the final product

What components and materials are and when to purchase them

Discussion

Question 53

A manufacturing organisation has a large volume of raw material stock now viewed as redundant. Which of the following is the most appropriate process for the organisation?

Options:

Scrap the stock as environmentally as possible and reorganise the warehouse

Repackage and isolate the stock from the remaining stock to maximise usable space

Ask the original supplier for potential return and credit or sell the stock

Maintain the safety and security of the stock for potential future use

Discussion

Question 54

“A measure of the ability of an organisation to supply customers without delay” is the best defini-tion of which of the following:

Options:

Re-order level

Service level

Key performance indicator

Safety stock

Discussion

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Question 55

An organisation may incur additional costs in stockout events. Which of the following is an exam-ple of costs of inventory stockouts?

Options:

The costs of storage space owned that cannot be used for other profitable purposes when inventories decrease

The lost contribution margin on sales forgone as a result of customer dissatisfaction due to unavailability of goods

The costs of obsolescence and costs of insurance that change with the quantity of in-ventory held

The return forgone by investing capital in inventory rather than elsewhere