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Free CIPS L4M7 Exam Questions

Try our Free Demo Practice Tests for Comprehensive L4M7 Exam Preparation

  • CIPS L4M7 Exam Questions
  • Provided By: CIPS
  • Exam: Whole Life Asset Management
  • Certification: CIPS Certification
  • Total Questions: 343
  • Updated On: Mar 26, 2025
  • Rated: 4.9 |
  • Online Users: 686
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  • Question 1
    • The minimal total cost is always achieved when there is only one warehouse. Is this statement true?

      Answer: D
  • Question 2
    • Which among the following are the tools for reducing acquisition costs in purchasing?
      1. Procurement card
      2. Automated Storage & Retrieval System
      3. Porter's value chain
      4. P2P system

      Answer: A
  • Question 3
    • One of the classifications of inventory is referred to as 'indirect supplies.' Which of the following items are examples of indirect supplies in a water bottling plant? Lubricants for maintenance of production machines Computer cartridges for the procurement office Reams of printed labels to stick on water bottles Blue-colored plastic caps to seal the water bottles

      Answer: A
  • Question 4
    • Why do you need a life cycle asset management plan? 

      Answer: D
  • Question 5
    • Warehouse automation involves the use of technology to perform as many warehousing tasks as possible. There are several benefits that can be gained by using automation in a warehouse. They are...

      Answer: D
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