over 1 year her

What's more, part of that TrainingQuiz L4M7 dumps now are free: https://drive.google.com/open?id=1mJhNwrSoAqjQ8q3FGiDrkouFzVnyVVEz We are well acknowledged for we have a fantastic advantage over other vendors - We offer you the simulation test with the Soft version of our L4M7 exam engine: in order to let you be familiar with the environment of L4M7 test as soon as possible. Under the help of the real simulation, you can have a good command of key points which are more likely to be tested in the real L4M7 test. Therefore that adds more confidence for you to make a full preparation of the upcoming L4M7 exam.

CIPS L4M7 Exam Syllabus Topics:

Topic	Details
Topic 1	Hidden costs – global sourcing, risks associated with extended supply chain Cross functional support – ensure access to data
Topic 2	The use of automation in warehousing Palletisation and unit loads
Topic 3	Explain the use of product coding in inventory operations Order tracking technologies
Topic 4	Differentiate between the different classifications of inventory Identify techniques associated with inventory control
Topic 5	Identify the principles, purpose and impact of stores and warehouse design Identify the direct and indirect costs of holding inventory
Topic 6	Opening stock, work in progress, safety stock and finished goods Obsolescent and redundant stock
Topic 7	Environmental standards for packaging Materials handling equipment
Topic 8	Discuss options to reduce costs whilst mitigating any negative impact on service levels Location of stores and warehouses
Topic 9	Contrast the impact of the use of different warehousing equipment Understand methods for the storage and movement of inventory

>> L4M7 Reliable Exam Bootcamp <<

Free PDF Quiz 2023 CIPS L4M7: CIPS Whole Life Asset Management Accurate Reliable Exam Bootcamp

CIPS certification is one of the best golden-content certifications in IT expert field all over the world, and it is also the necessary condition of choosing talents standard in large enterprises. L4M7 exam questions answers is useful for candidates who are eager to go through the examination. There are thousands of companies recognized and valued the certification in the world. L4M7 Exam Questions Answers will make you pass exam easily.

CIPS Whole Life Asset Management Sample Questions (Q82-Q87):

NEW QUESTION # 82
Which of the following is NOT an improvement available in ERP II in compare with ERP?

• A. ERP II enables the organisation to collaborate with trading partners across the supply chain
• B. ERP II systems are closed and silo-working
• C. ERP II offers better integration with other proprietary software
• D. ERP II crosses all sectors and segments of business, including service, government and asset-based industries

Answer: B Explanation:
The main improvements from ERP to ERP II are the following:
- ERP II is web enabled as compared to Conventional ERP Which is not.
- ERP is restricted to provide selected exhaustive or rigorous or wide-spread coverage in its mod-ules. But as compared to ERP, ERP II provides the true and accurate blend of the macro and the micro and affords customers with curative actions/measures after identifying the slip-up/error or fault;
- ERP was embattled more headed for manufacturing or industrialization and the dilemma or difficulty is conquer in ERP II by endowing clarification for all kind of industries and sectors.
- ERP is not in the position or could not possibly integrate/incorporate diverse functions from di-verse departments/divisions but ERP II could possibly do so as well as from different industries as compared to conventional ERP.
- For WEB and WAP connectivity ERP II grip CRM and SCM Functionalities.
- ERP II be obliged the function and purpose to an external/outdoor one and smooth the progress of better networks than remaining as internal/interior application.
Reference:
- Next Generation Enterprise Resource Planning: ERP II
- CIPS study guide page 119-122
LO 2, AC 2.3
NEW QUESTION # 83
"A measure of the ability of an organisation to supply customers without delay" is the best defini-tion of which of the following:

• A. Service level
• B. Key performance indicator
• C. Safety stock
• D. Re-order level

Answer: A Explanation:
In inventory management, service level is the expected probability of not hitting a stock-out during the next replenishment cycle or the probability of not losing sales.
Key performance indicators (KPIs) can be used to analyse data based on performance objectives and set actionable goals for improvement. KPIs can be developed in conjunction with suppliers as well as others, and can be used to measure the essential elements of the process.
Safety stock is the amount of inventory a business needs to have to achieve a certain level of risk mitigation when it comes to stockouts.
Reorder level (or reorder point) is the inventory level at which a company would place a new order or start a new manufacturing run.
Reference:
LO 2, AC 2.3
NEW QUESTION # 84
A company has obsolete inventories and it must write off these inventories. How does writing off inventories impact on the company's financial statements?
1. Stock increases
2. Stock decreases
3. Profit increases
4. Profit decreases

• A. 2 and 3 only
• B. 1 and 4 only
• C. 2 and 4 only
• D. 1 and 3 only

Answer: C Explanation:
An inventory write-off is a process of removing from the general ledger any inventory that has no value.
Using the direct write-off method, a business will record a credit to the inventory asset account and a debit to the expense account. For example, say a company with $100,000 worth of inventory decides to write off $10,000 in inventory at the end of the year. First, the firm will credit the inventory account with the value of the write-off to reduce the balance. The value of the gross inventory will be reduced as such: $100,000 - $10,000 = $90,000. Next, the inventory write-off expense account will be increased with a debit to reflect the loss.
The expense account is reflected in the income statement, reducing the firm's net income and thus its retained earnings. A decrease in retained earnings translates into a corresponding decrease in the shareholders' equity section of the balance sheet.
If the inventory write-off is immaterial, a business will often charge the inventory write-off to the cost of goods sold (COGS) account. The problem with charging the amount to the COGS account is that it distorts the gross margin of the business, as there is no corresponding revenue entered for the sale of the product. Most inventory write-offs are small, annual expenses. A large inventory write-off (such as one caused by a warehouse fire) may be categorized as a non-recurring loss.
Reference:
- CIPS study guide page 86-90
- Inventory Write-Off
LO 2, AC 2.1
NEW QUESTION # 85
Which one of the following statements is true about radio frequency identification (RFID)?

• A. Normally passive RFID tags store ID numbers
• B. RFID tags require laser scanning.
• C. An active RFID tag does not require a power source
• D. A passive RFID tag does not use an antenna

Answer: A Explanation:
Radio frequency identification (RFID) are items which use radio technology to identify itself and its location subject to having appropriate hardware and software.
RFID tags are made of three different components: an RFID chip, which is an integrated circuit (IC), an antenna, and a substrate.
A RFID Reader is a device that uses radio-frequency waves to wirelessly transfer data between itself and a RFID tag/label in order to identify, categorize and track assets. When combined with the right RFID software, a RFID reader can identify objects quicker, more accurately, at a reduced overall cost, and at various points of the object's lifecycle.
Passive RFID systems use tags with no internal power source and instead are powered by the electromagnetic energy transmitted from an RFID reader. Passive RFID tags are used for applica-tions such as access control, file tracking, race timing, supply chain management, smart labels, and more.
Active RFID systems have three essential parts - a reader or interrogator, antenna, and a tag. Ac-tive RFID tags possess their own power source - an internal battery that enables them to have ex-tremely long read ranges as well as large memory banks.
Reference:
LO 1, AC 1.2
NEW QUESTION # 86
A group of items which are stacked together for more convenient movement is called...?

• A. Load cell
• B. Unit load
• C. Stacker
• D. Unit price

Answer: B Explanation:
Unit load is a term used to describe grouping of different items into a convenient stack or stacks which make them easy to handle and store. Typically this involves pallets and/or the plastic wrap-ping of a load.
Stacker is designed to lift and stack pallets. This one is fully mobile so can move easily around the warehouse. An operator would typically sit or stand while driving like a counterbalanced, reach or straddle lift truck.
A load cell is a type of transducer, specifically a force transducer. It converts a force such as ten-sion, compression, pressure, or torque into an electrical signal that can be measured and standard-ized.
Unit price is the price of a single product or service, used for example when buying several things together to refer to the price of each one.
Reference:
LO 1, AC 1.3
NEW QUESTION # 87
...... There are a lot of leading experts and professors in different field in our company. The first duty of these leading experts and professors is to compile the L4M7 exam questions. In order to meet the needs of all customers, the team of the experts in our company has done the research of the L4M7study materials in the past years. As a result, they have gained an in-depth understanding of the fundamental elements that combine to produce world class L4M7 practice materials for all customers. Valid Study L4M7 Questions: https://www.trainingquiz.com/L4M7-practice-quiz.html DOWNLOAD the newest TrainingQuiz L4M7 PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1mJhNwrSoAqjQ8q3FGiDrkouFzVnyVVEz