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CIPS Level 4 Diploma in Procurement and Supply L4M7 Exam Dumps

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Question 16

Which of the following are essential aspects that are required for the successful implementation of Just-In-Time (JIT)? SelectTWOthat apply.

Options:

A.

The purchasing of parts in bulk at lower prices covers the costs of delivery and storage required for JIT

B.

Parts must arrive where they are needed, when they are needed, and in the exact quantity needed

C.

All parts arriving must be of a quality standard which is usable and free from defects

D.

The cost of carrying increased parts inventory to meet customer demand is transferred to the customer

E.

Suppliers must hold a buffer stock of components to ensure that they are able to meet JIT demand

Question 17

Which of the following are likely to be included in a formal business case document for stakeholders to support the purchase of a new piece of specialist equipment?

    The conformance standard that relates to the future operation of the equipment

    The context of proposed purchase in relation to business strategy alignment

    Resource requirements including the managerial and operational team resources

    The planned preventative maintenance plan for the equipment to ensure effectiveness

Options:

A.

1 and 2 only

B.

2 and 5 only

C.

3 and 4 only

D.

2 and 4 only

Question 18

When designing the layout of a warehouse or stores area, one of the factors to consider is the width of the aisles between the racking. Which of the following is a main consideration when calculating the aisle width?

Options:

A.

Turning circle of the forklift truck and the size of the pallet being carried

B.

Dimensional depth and height of pallet racks

C.

Overall height of the driver's cage of the forklift truck

D.

Dimensional length and depth of the items on a pallet

Question 19

The amount of inventory available at the start of an accounting period is known as...?

Options:

A.

Buffer stock

B.

Work-in-progress

C.

Opening stock

D.

Closing stock

Page: 4 / 14
Exam Code: L4M7
Exam Name: Whole Life Asset Management
Last Update: Dec 22, 2024
Questions: 255
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