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CIPS Updated L4M7 Exam Questions and Answers by yusha

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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: yusha
Question 52

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

Options:

A.

The investment required for production

B.

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

C.

The total number of labour required to produce the final product

D.

What components and materials are and when to purchase them

Discussion
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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:

A.

Scrap the stock as environmentally as possible and reorganise the warehouse

B.

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

C.

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

D.

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:

A.

Re-order level

B.

Service level

C.

Key performance indicator

D.

Safety stock

Discussion
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:

A.

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

B.

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

C.

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

D.

The return forgone by investing capital in inventory rather than elsewhere

Discussion
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