CIPS L4M7 Exam Dumps

Get All Whole Life Asset Management Exam Questions with Validated Answers

L4M7 Pack
Vendor: CIPS
Exam Code: L4M7
Exam Name: Whole Life Asset Management
Exam Questions: 255
Last Updated: October 6, 2025
Related Certifications: Level 4 Diploma in Procurement and Supply
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Free CIPS L4M7 Exam Actual Questions

Question No. 1

Which of the following factors should be considered in the choice of a warehouse location?

The type of barcoding that is used

The impact of local authority bylaws and regulations

The number of forklifts to be used

The nature of the items to be stored

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Correct Answer: C

Key considerations in choosing a warehouse location include:

Local regulations: Compliance with bylaws and other local authority requirements.

Nature of items stored: Warehouses for perishable or hazardous items may have specific location requirements.

These factors ensure the warehouse is compliant and suitable for the type of inventory stored, optimizing safety and operational efficiency, both crucial in whole-life asset management.


Question No. 2

Which of the following are advantages of a multi-story warehouse compared to a single-story warehouse?

Heavier, frequently moved items will always be stored on the upper floor of a multi-story warehouse

Order tracking technology is more effective and efficient in a multi-story warehouse

There are more options for the storage of inventory by volume, weight, and frequency of movement in a multi-story warehouse

The cost of land is likely to be less for a multi-story warehouse compared to a single-story warehouse for a similar product volume

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Correct Answer: B

Question No. 3

Which of the following is a benefit of bar code scanning systems?

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Correct Answer: A

Question No. 4

What is the stock turn for a store holding products to the value of 250,000 with annual sales of these products amounting to 1,000,000?

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Correct Answer: B

Calculating Inventory Turnover (Stock Turn)

As with a typical turnover ratio, inventory turnover details how much inventory is sold over a period. To calculate the inventory turnover ratio, cost of goods (COGS) is divided by the average inventory for the same period.1

Cost of Goods Sold Average Inventory or Sales Inventory

In this exercise, the stock turn equal to sales divided by inventory, or 1,000,000:250,000 = 4.


LO 2, AC 2.3

Question No. 5

MRP software is applied to schedule which of the following?

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Correct Answer: B

Material Requirements Planning (MRP) software manages material requirements for manufacturing processes.

LO 2, AC 2.3


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