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CIPS L4M7 Exam With Confidence Using Practice Dumps

Exam Code:
L4M7
Exam Name:
Whole Life Asset Management
Certification:
CIPS Level 4 Diploma in Procurement and Supply
Vendor:
CIPS
Questions:
255
Last Updated:
Apr 3, 2025
Exam Status:
Stable
CIPS L4M7

L4M7: CIPS Level 4 Diploma in Procurement and Supply Exam 2025 Study Guide Pdf and Test Engine

Are you worried about passing the CIPS L4M7 (Whole Life Asset Management) exam? Download the most recent CIPS L4M7 braindumps with answers that are 100% real. After downloading the CIPS L4M7 exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CIPS L4M7 exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CIPS L4M7 exam on your first attempt, we have compiled actual exam questions and their answers. 

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Whole Life Asset Management Questions and Answers

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Question 1

XYZ Ltd is a retailer in the US. Their customers' demand for Thanksgiving and Christmas decora-tions usually rises in the end of the year. This irregular demand results in more required storage space for finished goods during peak seasons. Which of the following are possible solutions for dealing with required additional space?

1. Maximising aisle width

2. Keeping high buffer stock throughout the year

3. Maximising flexibility in warehouse layout

4. Installing mezzanine floor

Options:

A.

1 and 3 only

B.

2 and 4 only

C.

1 and 2 only

D.

3 and 4 only

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Question 2

A supplier delivers large quantities of inventory to its customer's store, but only charges for the goods as and when they are used. This can be described as...?

Options:

A.

Consignment stock

B.

Components inventory

C.

Multi-stage inventory

D.

Multi-echelon stock

Question 3

An organisation might find it more beneficial to lease and use an asset over a predetermined period. After this period, the lessee has the right to secure an outright ownership of the asset by paying an agreed amount; otherwise, the asset would be repossessed by the lessor. Which of the following is an advantage of leasing?

Options:

A.

Long-term commitment to pay instalments even if not using the asset

B.

Costs are known and agreed in advance

C.

The usage of the asset is usually capped

D.

The total cost of ownership is not applicable as the asset is leased

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