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CIPS L4M7 Whole Life Asset Management Solved 100% Correct!! $12.49   Add to cart

Exam (elaborations)

CIPS L4M7 Whole Life Asset Management Solved 100% Correct!!

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CIPS L4M7 Whole Life Asset Management Solved 100% Correct!!

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  • March 18, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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CIPS L4M7 Whole Life Asset
Management Solved 100% Correct!!
Types of Stock

Opening Stock
Raw Materials
Secondary Components
Work in Progress
Finished Goods
Safety/Buffer Stock
Stockout

Causes of Obselence

Technical Change
Cultural Change
Legislation

Causes of Redundancy

Poor Forecasting if Demand
Cancelled Orders due to Poor Relationship
Overstocking/Poor Stock Control
Change to Internal Policy

Triple Bottom Line

People
Profit
Planet

Inventory Code Types

Numerical
Alphabetical
Alpha-Numeric
Random Generated/Created
Sequential
Structured

Factors Influencing Storage Location

Cost
Availability
Suitability

, Nature of Items to be Stored
Access to Transport Infrastructure

Considerations when Designing a Warehouse

Flow

Types of Inventory

Raw Materials
Components
Work in Progress
Finished Goods

Purpose of Stores/Warehouses

Make stock available to customers
Maintain safe environment for workers in warehouse
Maintain secure environment and avoid stock losses

EAN13 Barcode

2D Barcode

Types of Stock

Opening Stock
Raw Materials
Secondary Components
Work in Progress
Finished Goods
Safety/Buffer Stock
Stockout

Materials Handling Equipment

Dollies
Sack Trucks
Trolleys
Turntable Trucks
Roll Cages
Order Pickers
Pallet Trucks
Pallet Stackers
Grabs
Drum Lifters and Loaders
Counterbalance Forklift Trucks
Reach Trucks
Vacuum Lifters
Roller Systems

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