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CIPS L4M7 Valid Test Registration, Reliable L4M7 Braindumps Pdf

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The topics covered in the CIPS L4M7 Exam are highly relevant to procurement professionals who work in a range of industries, including manufacturing, construction, transportation, and energy. By gaining this certification, professionals can demonstrate their knowledge and skills in asset management, making them highly valued members of any procurement team.

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CIPS Whole Life Asset Management Sample Questions (Q31-Q36):

NEW QUESTION # 31
In ABC analysis, category C is also known as...?

  • A. Indirect spend
  • B. Direct spend
  • C. Long tail spend
  • D. Capital expense

Answer: C

Explanation:
Tail Spend is derived from ABC Analysis, Class A high value suppliers, Tail Spend is formed from class B & C suppliers, equates to 20% of the total spend, B is Mid Tail and C is Long tail. Effective Spend Analysis and tail spend management, ensures that procurement can focus on creating an optimum and efficient sourcing strategy.
Procurement Spend Analysis
Procurement organisations effectively identify and manage suppliers using a sourcing strategy. Tail suppliers normally have low strategic value and makes the category management, very difficult . Spend Analysis and Category Management are very closely aligned, Spend Analysis including ABC, provides the category manager, with spend visibility.
Spend Analysis and procurement metrics are used to create category plans, build supplier relation-ships, to maintain service levels and deliver the best possible price and quality for goods and ser-vices bought. The acquisition of Spend data and subsequent Spend Analysis, provides Category Managers access to a well-structured procurement process, Reference:
LO 2, AC 2.1


NEW QUESTION # 32
What is meant by the economic life of an asset?

  • A. It is the point beyond which it is not possible to obtain any spare parts for the asset
  • B. It is the age beyond which it is not worth keeping an asset from a cost point of view
  • C. It is when the asset's effective performance is below the standard required by the organisation
  • D. It is the point beyond which it is not possible to find anyone who has the skills to operate the asset

Answer: B


NEW QUESTION # 33
A company does not have enough space to hold inventory to satisfy an external foreign market. Therefore, the board of directors have decided that the company would buy stock in bulk and pay a fee for storage to a third- party warehouse provider local to the foreign market. This would allow the company to focus on other aspects of the business. The stock will be called off as and when required. Which of the following strategies is being pursued by this company?

  • A. Partnering
  • B. Outsourcing
  • C. Cross-docking
  • D. Insourcing

Answer: B


NEW QUESTION # 34
Which of the following correctly describes the triple bottom line?

  • A. Professional, Planet, Profit
  • B. People, Planet, Project
  • C. People, Product, Profit
  • D. People, Planet, Profit

Answer: D

Explanation:
The triple bottom line is a sustainability framework that examines a company's social, environment, and economic impact (or People, Planet, Profit).


NEW QUESTION # 35
To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?

  • A. CCTV
  • B. Sensors
  • C. Lighting
  • D. Fencing

Answer: B

Explanation:
The most basic alarm consists of one or more sensors to detect intruders, and an alerting device to indicate the intrusion. However, a typical premises security alarm employs the following compo-nents:
- Premises control unit (PCU), Alarm Control Panel (ACP), or simply panel: The "brain" of the system, it reads sensor inputs, tracks arm/disarm status, and signals intrusions. In modern system, this is typically one or more computer circuit boards inside a metal enclosure, along with a power supply.
- Sensors: Devices which detect intrusions. Sensors may be placed at the perimeter of the protected area, within it, or both. Sensors can detect intruders by a variety of methods, such as monitoring doors and windows for opening, or by monitoring unoccupied interiors for motions, sound, vibration, or other disturbances.
- Alerting devices: These indicate an alarm condition. Most commonly, these are bells, sirens, and/or flashing lights. Alerting devices serve the dual purposes of warning occupants of intrusion, and potentially scaring off burglars. These devices may also be used to warn occupants of a fire or smoke condition.
- Keypads: Small devices, typically wall-mounted, which function as the human-machine interface to the system. In addition to buttons, keypads typically feature indicator lights, a small multi-character display, or both.etc.
- Interconnections between components. This may consist of direct wiring to the control unit, or wireless links with local power supplies.
In addition to the system itself, security alarms are often coupled with a monitoring service. In the event of an alarm, the premises control unit contacts a central monitoring station. Operators at the station see the signal and take appropriate action, such as contacting property owners, notifying police, or dispatching private security forces. Such signals may be transmitted via dedicated alarm circuits, telephone lines, or the internet.
Reference:
Security alarm - Wikipedia
LO 1, AC 1.1


NEW QUESTION # 36
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