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L4M7 Exam Dumps : Whole Life Asset Management

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Whole Life Asset Management Questions and Answers

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Question 1

Which ONE of the following correctly differentiates between obsolescent and redundant stock?

Options:

A.

Obsolescent stock is in short supply; redundant stock has no current supplier with stock available

B.

Obsolescent stock is damaged goods that need returning to suppliers; redundant stock is no longer stocked by the organisation

C.

Obsolescent stock has been updated by another item but can still be used; redundant stock is no longer used by an organisation

D.

Obsolescent stock has been supplied by a failed supplier; redundant stock requires quality testing before use

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Question 2

Radio Frequency Identification (RFID) is an electronic technology that transmits data from tagged items. What are the advantages of RFID technology? SelectTWOthat apply.

Options:

A.

RFID technology uses barcodes but is not limited by distance from the item location

B.

RFID technology can be detected by both portable and fixed readers

C.

RFID technology can operate in a harsh physical environment

D.

RFID technology can cause a tag collision when numerous tags in the same area respond simultaneously

E.

RFID technology is very small and holds limited information

Question 3

Which is the best definition of reorder point?

Options:

A.

The point at which stock will fall to zero minus lead-time

B.

The point when one unit of stock remains in stock

C.

The point when stock reaches zero

D.

The level inventory at which an order must be made

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