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Latest Test L4M7 Simulations, New Guide L4M7 Files

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CIPS L4M7 exam, also known as the CIPS Whole Life Asset Management exam, is a comprehensive certification exam designed for professionals who want to advance their knowledge and skills in the field of asset management. L4M7 exam is intended for individuals who are working in the public or private sector and are responsible for managing assets throughout their entire life cycle. L4M7 Exam covers a wide range of topics, including asset planning, acquisition, operation, maintenance, and disposal.

CIPS Whole Life Asset Management Sample Questions (Q130-Q135):

NEW QUESTION # 130
Which of the following are subjective forecasting techniques? Select TWO that apply.

A. Delphi method
B. Pareto principle
C. Cycle counting
D. Test marketing

Answer: A,D

Explanation:
Weighted moving average
Explanation:
The most common subjective forecasting techniques include the following:
- Market surveys
- Employee surveys
- Expert knowledge (Delphi method is a method using expert knowledge)
- Test marketing
Cycle counting is a periodic analysis of inventory in a storage location which is conducted through the counting of samples instead of physically counting the entire inventory available, so as to quickly have an accurate estimate of the inventory available without causing a stop to the day to day working as is the case with physically counting every unit.
The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of fac-tor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.
Weighted moving averages assign a heavier weighting to more current data points since they are more relevant than data points in the distant past. The sum of the weighting should add up to 1 (or 100 percent).
Reference:
LO 2, AC 2.3

NEW QUESTION # 131
A central distribution warehouse receives deliveries from several suppliers of bread and cakes on pallets in large quantities. These deliveries need to be separated into smaller individual consignments for delivery to retail stores operated by the bakery company. The division of the large quantities into smaller consignments is called:

A. Breaking bulk
B. Small orders
C. Retail stocking
D. Cross-docking

Answer: A

Explanation:
Breaking bulk is the process of dividing large shipments of goods into smaller lots for easier distribution.
This is a standard practice in warehousing and logistics to facilitate delivery to various locations or end users.
Unlike cross-docking, which involves minimal storage time, breaking bulk focuses on redistributing large shipments into smaller, manageable batches. In whole-life asset management, breaking bulk helps maintain streamlined operations and reduces holding costs by ensuring goods are moved efficiently and without prolonged storage.

NEW QUESTION # 132
Which of the following allow an organisation to have more flexible space for storage by leveraging the facilities of other parties? Select TWO that apply.

A. Consignment stocking
B. Adopting carousel-type storage
C. Installing double-deep pallet racking
D. Eliminating dead stock or inventory
E. Temporary warehousing

Answer: A,E

Explanation:
Temporary warehousing (or 'Very short-term warehousing') is offered in the market where organ-isation makes their requirements for space open online to offers or bids for available space. This appears to be an emerging market and service providers in the UK and USA typically quote a price per pallet per week with some also requiring a 'transaction fee' for movements of each pallet in and out.
Consignment stocking is a facility offered by a supplier to a buyer to allow a delivery of stock to the buyer with payment only after it is used or sold to a customer.
Double-deep pallet racking and carousel-style storage are two tools that leverage space within a warehouse:
Double-deep pallet rack

Carousel style storage
Reference:
LO 1, AC 1.1

NEW QUESTION # 133
A major investment bank is planning to purchase a complex banking system that will interface with multiple applications at varying times of the day. Before deploying the system, there are various levels of testing that must be performed through joint testing between the in-house team and off-shore testing consultants. The testing will be performed in a resource-constrained shared environment and managed by the on-shore development team. The costs for testing are generally classified as...?

A. Purchase prices
B. Acquisition costs
C. Maintenance costs
D. Insurance

Answer: B

Explanation:
In the scenario, the buying organisation (investment bank) must conduct various types of testing before the deployment of the software system. These tests can be functional testing, factory ac-ceptance testing and/or user acceptance testing. The costs for all these types of testing are classified as acquisition costs with regards of total cost of ownership.
Reference:
LO 3, AC 3.1

NEW QUESTION # 134
Long-term forecasting of demand using a subjective method is based on a ...

A. method of calculating the price in detail within the supply chain
B. quantitative, explicit, statistical, or formal method
C. qualitative, informal, clinical, experienced-based or intuitive method
D. predicted cash flow forecast levels used by the organization

Answer: C

Explanation:
Subjective demand forecasting relies on qualitative methods that draw on expert experience and intuition rather than quantitative data. This includes techniques like the Delphi method, where experts provide insights based on their judgment. In whole-life asset management, subjective forecasting may complement data-driven forecasts when historical data is limited or demand patterns are unpredictable.

NEW QUESTION # 135
......

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