L4m7 - Study guides, Class notes & Summaries

CIPS L4M7 LO2

CIPS L4M7 Whole Life Asset Management Exam Questions With Verified Answers Causes of Obsolescence - answerTechnical Change Cultural Change Legislation 2D Barcode - answer Types of Stock - answerOpening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - answerTechnical Change Cultural Change Legislation Causes of Redundancy - answerPoor Forecasting if Demand Cancelled Orders due to Poor Relationship Oversto...

CIPS L4M7 LO1: Exam Review Questions and answers, rated A+ how do staff fulfill the purposes of stores and warehouses? - -- receive, inspect, record and store stock retrieved - retrieve, record and release stock to authorised persons, providing documentation and packaging as required - report and liaise internally and externally on stock availability, re-ordering and future stock levels - minimise stock losses and damages to stock - manage and account for returned stock inwards and s...

Just In Time (J.I.T) - correct answer A production methodology where stock is acquired literally 'just in time' to be incorporated into the production process. It is a means of reducing stockholding and reducing waste in production Direct Supplies - correct answer Integrated into the finished product Indirect Supplies - correct answer Not incorporated in the finished product, but keeps the business and factory in operation Dependent Demand - correct answer Requirement for a stock ...

CIPS L4M7 Whole Life Asset Management Causes of Obsolescence - ANS Technical Change Cultural Change Legislation 2D Barcode - ANS Types of Stock - ANS Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - ANS Technical Change Cultural Change Legislation Causes of Redundancy - ANS Poor Forecasting if Demand Cancelled Orders due to P...

L4M7 Whole Life Asset Management 100% Correct

CIPS L4M7 LO2

CIPS L4M7 Whole Life Asset Management questions with answers 2023Types 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 Co...

CIPS L4M7 Whole Life Asset Management questions with complete solutions 2023Causes of Obsolescence Technical Change Cultural Change Legislation 2D Barcode 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 Sto...