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100% Pass Quiz 2025 CIPS L4M7: Unparalleled CIPS Whole Life Asset Management Frequent Updates

Test4Cram provides 24/7 customer support to answer any of your queries or concerns regarding the CIPS Whole Life Asset Management (L4M7) certification exam. They have a team of highly skilled and experienced professionals who have a thorough knowledge of the CIPS Whole Life Asset Management (L4M7) exam questions and format. With the aim of helping aspirants to achieve the CIPS Whole Life Asset Management (L4M7) certification, Test4Cram is committed to providing the best quality and updated CIPS L4M7 exam dumps.

The CIPS L4M7 exam is comprehensive and covers a wide range of topics, including financial analysis, sustainability, and risk management. It requires a high level of dedication and commitment from candidates, but the rewards are well worth the effort. L4M7 Exam is an excellent opportunity for asset management professionals to demonstrate their expertise and advance their careers.

>> L4M7 Frequent Updates <<

2025 L4M7: CIPS Whole Life Asset Management –Accurate Frequent Updates

You must have thought about moving forward successfully in this competitive and fast-changing technological world. If you want to boost your career CIPS L4M7 certification is the most acclaimed and honorable certificate in the tech sector. But the confusion regarding the preparation and relevant CIPS L4M7 Practice Test questions must have emerged in your mind too.

CIPS Whole Life Asset Management Sample Questions (Q63-Q68):

NEW QUESTION # 63
Sidel Corp is a major food processor. It invested heavily on manufacturing facilities and processing machineries. Sidel's expenses on maintenance are exceptionally high. To minimise the total cost of maintenance, what should Sidel Corp do?

A. Replace every machineries at breakdowns
B. Only conduct preventative maintenance
C. Outsource corrective maintenance but in-source preventative maintenance.
D. Balance between proactive maintenance and reactive maintenance

Answer: D

Explanation:
Maintenance can represent a significant portion of the cost in asset intensive organisations (such as Sidel - a food processor), as breakdowns have an impact on the capacity, quality and cost of operation. However, the formulation of a maintenance strategy depends on a number of factors, including the cost of down time, reliability characteristics and redundancy of assets. Consequently, the balance between preventive maintenance (PM) and corrective maintenance (CM) for minimising costs varies between organisations and assets. Nevertheless, there are some rules of thumb on the balance between PM and CM, such as the 80/20 rule.
Preventive maintenance is a type of proactive maintenance, while corrective maintenance is an example of reactive maintenance. Therefore, the answer should be "Balance between proactive maintenance and reactive maintenance".

NEW QUESTION # 64
A manufacturer aims at increasing the service levels to 99% from 97% through expanding the safety stock.
Safety stock can be used to accommodate which of the following?
1. Variability of stock turn
2. Variability of holding costs
3. Variability of demand
4. Variability of lead time

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

Answer: D

Explanation:
Safety stock is also known as buffer stock. As this name suggests, this type of stock provides some kind of
'buffer', which means safety stock will help the business to reduce the shocks induced by volatile demand or disruption on the supply chain. In other words, safety stock will reduces the probability of stockouts. The following graph would explain the reason why an organisation should have safety stock:
Chart, histogram Description automatically generated

Figure 1: Safety stock graph
As it is only the buffer against uncertainty, safety stock level should be equal to the deviation of demand or replenishment time. Safety stock should be able to accommodate variance of demand and variance of lead time.

NEW QUESTION # 65
Ranger Mobile Ltd is a emerging smartphone manufacturer. The manufacturer adopts the just-in-time method:
First, the customers make orders, then it will decide which components to be pur-chased according to the bill of materials. These components are known as which of the following?

A. Independent forecast items
B. Indirect items
C. Capital goods
D. Dependent demand items

Answer: D

Explanation:
Dependent demand is the requirement for stock item which is directly related to and therefore de-pendent upon the rate of production (examples are: raw materials, components, energy). The com-ponents in the scenario are dependent demand items.
Independent demand is the requirement for stock item which is not directly related to, and is therefore independent of rate of production.

NEW QUESTION # 66
A supermarket calculates that the average holding cost for an item is $1.50 per cubic meter per day. A beer pallet which has volume of 0.5 cubic meter will be stored for 5 days. What is the holding cost of this beer pallet?

A. $3.75
B. $4.00
C. $4.25
D. $4.50

Answer: A

Explanation:
The holding cost per day of the beer pallet is equal to 1.50/2=0.75
The beer pallet is stored for 5 days, the total holding cost is: 0.75*5=3.75.
LO 2, AC 2.2

NEW QUESTION # 67
A manufacturer aims at increasing the service levels to 99% from 97% through expanding the safety stock. Safety stock can be used to accommodate which of the following?
1. Variability of stock turn
2. Variability of holding costs
3. Variability of demand
4. Variability of lead time

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

Answer: D

Explanation:
Safety stock is also known as buffer stock. As this name suggests, this type of stock provides some kind of 'buffer', which means safety stock will help the business to reduce the shocks induced by volatile demand or disruption on the supply chain. In other words, safety stock will reduces the probability of stockouts. The following graph would explain the reason why an organisation should have safety stock:

NEW QUESTION # 68
......

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Ken Reed Ken Reed

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