Free CIPS L4M7 Exam Questions
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CIPS L4M7 Exam Questions
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Provided By: CIPS
- Exam: Whole Life Asset Management
- Certification: CIPS Certification
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Total Questions: 343
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Updated On: Apr 28, 2025
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Rated: 4.9 |
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Online Users: 686
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Question 1
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Warehouse automation involves the use of technology to perform as many warehousing tasks as possible.
There are several benefits that can be gained by using automation in a warehouse. They are...
Answer: D
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Warehouse automation involves the use of technology to perform as many warehousing tasks as possible.
There are several benefits that can be gained by using automation in a warehouse. They are...
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Question 2
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The managing director requires action to be taken to improve the organization’s profitability and has asked for
suggestions to enable this to be achieved. The procurement manager has said that a just-in-time (JIT) system
should be introduced. Would such a system improve profitability?
Answer: A
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The managing director requires action to be taken to improve the organization’s profitability and has asked for
suggestions to enable this to be achieved. The procurement manager has said that a just-in-time (JIT) system
should be introduced. Would such a system improve profitability?
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Question 3
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Amanda is the purchasing manager for AB Construction based in France. She is considering purchasing an
asset from overseas but knows she must account for fluctuations in exchange rates in the contract. Is Amanda
correct?
Answer: B
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Amanda is the purchasing manager for AB Construction based in France. She is considering purchasing an
asset from overseas but knows she must account for fluctuations in exchange rates in the contract. Is Amanda
correct?
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Question 4
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One of the classifications of inventory is referred to as 'indirect supplies.' Which of the following items are
examples of indirect supplies in a water bottling plant?
Lubricants for maintenance of production machines
Computer cartridges for the procurement office
Reams of printed labels to stick on water bottles
Blue-colored plastic caps to seal the water bottles
Answer: A
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One of the classifications of inventory is referred to as 'indirect supplies.' Which of the following items are
examples of indirect supplies in a water bottling plant?
Lubricants for maintenance of production machines
Computer cartridges for the procurement office
Reams of printed labels to stick on water bottles
Blue-colored plastic caps to seal the water bottles
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Question 5
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Which of the following best describes what happens when order volumes from customers increase and multiply through the supply chain?
Answer: D
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Which of the following best describes what happens when order volumes from customers increase and multiply through the supply chain?