L4M7 TRUSTWORTHY SOURCE - L4M7 CERTIFICATION COST

L4M7 Trustworthy Source - L4M7 Certification Cost

L4M7 Trustworthy Source - L4M7 Certification Cost

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Tags: L4M7 Trustworthy Source, L4M7 Certification Cost, Exam L4M7 Objectives Pdf, L4M7 Download Fee, L4M7 Official Cert Guide

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CIPS L4M7 Certification Exam is an excellent opportunity for professionals looking to advance their careers in procurement and supply chain management, and enhance their knowledge and skills in the growing field of asset management. With companies increasingly investing in assets as part of their strategic agendas, this certification is becoming increasingly relevant and important to organizations seeking to manage their assets effectively and efficiently.

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CIPS Whole Life Asset Management Sample Questions (Q176-Q181):

NEW QUESTION # 176
What advantage can the use of ABC classification of stock provide in warehouse design?

  • A. It determines where each item is to be located within the warehouse to aid inspection procedures
  • B. It assists in deciding on the most appropriate layout, handling systems, and what type of picking system to introduce
  • C. It allows the organisation to categorise items in alphabetical order for easier storage and retrieval
  • D. It gives purchasing staff more time to concentrate on those items that have most financial benefit to the organisation

Answer: B


NEW QUESTION # 177
A brewery sells its beer in aluminum cans. It recycles the cans by using contractors to collect and mold the used cans. This is an example of...?

  • A. Closed-loop recycling
  • B. Carbon recycling
  • C. Open-loop recycling
  • D. Reuse

Answer: A

Explanation:
There are two main processes of recycling - open loop recycling and closed loop recycling.
Open Loop Recycling
Open loop recycling is a method that delays disposal by converting manufactured goods and spent materials into both new raw materials, which can be used for a manufacturing purpose, as a fuel source for a different manufacturing process and waste products.
Typically, materials recycled through open-loop recycling will be used for purposes different from their original purpose.
This means that the input into the recycling process is converted to a new raw material, which can be used as an input into another manufacturing process.
Materials in an open loop recycling process are treated using various forms of treatment including heat, chemical reactions, or physical crushing.
Closed Loop Recycling
Closed loop recycling is a process where waste is collected, recycled and then used again to make the same product it came from. This process is restorative and regenerative by design and aims to keep materials at their highest utility and value always.
Closed loop recycling is focused on resource sustainability, which means that recycling of a material can be done indefinitely without degradation of properties. In this case, conversion of the used product back to raw material allows repeated making of the same product, which helps hazardous waste generators reduce carbon footprint and achieve corporate sustainability initiatives.
Closed-loop recycling is common in specialized industries, such as the computer and battery industries, which use expensive or complex goods that cannot easily be broken down post-consumption into constituent materials.
A prime example of a closed-loop recycling process is the recycling of aluminum cans. Aluminum can be recycled to form new cans with little material degradation or waste creation.
Reference:
- Open Loop Vs Closed Loop Recycling
- CIPS study guide page 203
LO 3, AC 3.3


NEW QUESTION # 178
Bulk loose coal that requires massive handling system should be stored in which area?

  • A. Chill hub
  • B. Store
  • C. Stockyard
  • D. Heating warehouse

Answer: C

Explanation:
Materials that will not easily deteriorate, are generally stored in open or fairly covered areas (stockyard). The materials are usually in bulk, like steel plates or coils casting, timber coal, steel barrels, cable drums, piping, lampposts, lorries, etc.
Stockyards are open or semi-covered areas that are used for the following:
- Bulk loose or packaged materials
- Bulky or oversized items that may be difficult to move inside
- Materials that may require specialised handling, loading or unloading Below image shows the example of a stockyard that stores loose coal and its handling system.

LO 1, AC 1.1


NEW QUESTION # 179
A manufacturer has discovered that some of the stock in its storeroom is obsolete, and now wishes to take the appropriate action. Should the manufacturer write the stock off?

  • A. No, the best approach would be to leave the stock where it is
  • B. No, it should be included with the closing stock
  • C. Yes, this will increase the sales for the period
  • D. Yes, as it has no value it must be written off

Answer: D

Explanation:
Writing off obsolete stock is standard practice as it no longer holds any value for the organization. This allows for accurate financial reporting by removing items that cannot be sold or used from the balance sheet.
Including it in closing stock would misrepresent asset values, while leaving it unsorted wastes valuable space.
Whole-life asset management emphasizes disposal or recycling options to avoid holding costs for unused assets, reducing storage costs and improving warehouse efficiency.


NEW QUESTION # 180
The optimum balance in the standard ISO 18602:2013 (Packaging and the environment - Optimi-zation of the packaging system) considers which of the following factors?
1. Environmental impact of losses due to lack of packaging
2. The process for packaging design, including material selection
3. Procedures and requirements for packaging that are suitable for organic recycling
4. Environmental impact of excess packaging

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

Answer: A

Explanation:
ISO 18602:2013 is about Packaging and the environment - Optimization of the packaging system. ISO
18602:2013 specifies requirements and a procedure for assessment of packaging to ensure that the weight or volume of its material content is optimized consistent with the functions of packaging. This is one of several options for reducing the impact of packaging on the environment.
It also provides methodologies and procedures for
- determining the amount and minimization of substances or mixtures hazardous to the environ-ment, and
- determining the amount of four heavy metals (lead, cadmium, mercury, hexavalent chromium) in packaging.
The optimum balance in this standard weighs the environmental impact of losses that may happen with no packaging or inadequate packaging against the environmental impact from excess packag-ing.
The process for packaging design, including material selection, is not part of ISO 18602:2013.
The procedure for applying ISO 18602:2013 is contained in ISO 18601.


NEW QUESTION # 181
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