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CIPS L4M7 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Contrast the impact of the use of different warehousing equipment
  • Understand methods for the storage and movement of inventory
Topic 2
  • The use of automation in warehousing
  • Palletisation and unit loads
Topic 3
  • Systems for product coding
  • Bar coding
  • The use of RFID technologies
Topic 4
  • Hidden costs – global sourcing, risks associated with extended supply chain
  • Cross functional support – ensure access to data
Topic 5
  • Opening stock, work in progress, safety stock and finished goods
  • Obsolescent and redundant stock
Topic 6
  • Dependent demand and independent demand itemsof stock
  • ABC classifications of stock that may apply
Topic 7
  • Ensure senior management support
  • Use best estimates of values available
  • Identify the contributing elements to end-of-life costs
Topic 8
  • Understand the key elements of effective inventory control
  • Factors that influence stores and warehouse layout
Topic 9
  • Identify the principles, purpose and impact of stores and warehouse design
  • Identify the direct and indirect costs of holding inventory
Topic 10
  • Differentiate between the different classifications of inventory
  • Identify techniques associated with inventory control
Topic 11
  • Environmental standards for packaging
  • Materials handling equipment
Topic 12
  • Explain the use of product coding in inventory operations
  • Order tracking technologies

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CIPS Whole Life Asset Management Sample Questions (Q75-Q80):

NEW QUESTION # 75
Which of the following are features of product codes?
1. Product codes link to products' characteristics
2. A product code must comply with international standards
3. Many internal processes use the product codes as facilitators
4. There are no duplicate product codes

  • A. 1 and 3 only
  • B. 3 and 4 only
  • C. 2 and 4 only
  • D. 1 and 2 only

Answer: A

Explanation:
The product code is often the key to obtaining documentation relating to products.

Product codes are often use to link to internal processes. Some computerised inventory systems trigger alerts when specific items or volume are ordered - this could be an out-of-stock warning or potential volume errors.
In many cases, an organisation will use its own product code system. The organisation constructs a code that is effective and fits with its software and the variety of items covered. So these codes may or may not comply with any international standards (such as GS1 specifications, ISO standards, etc.). As organisations make up the code themselves, the codes may look identical to others. For example, SKU414675 reveals that it is used for many items, including the following:
- A UK wholesaler's six-pack of branded cola
- An Australian snack food
- UK flower seeds
- An Italian desk sold in Japan
- A Brazilian light fitting
Reference:
LO 1, AC 1.2


NEW QUESTION # 76
To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?

  • A. CCTV
  • B. Sensors
  • C. Fencing
  • D. Lighting

Answer: B

Explanation:
The most basic alarm consists of one or more sensors to detect intruders, and an alerting device to indicate the intrusion. However, a typical premises security alarm employs the following compo-nents:
- Premises control unit (PCU), Alarm Control Panel (ACP), or simply panel: The "brain" of the system, it reads sensor inputs, tracks arm/disarm status, and signals intrusions. In modern system, this is typically one or more computer circuit boards inside a metal enclosure, along with a power supply.
- Sensors: Devices which detect intrusions. Sensors may be placed at the perimeter of the protected area, within it, or both. Sensors can detect intruders by a variety of methods, such as monitoring doors and windows for opening, or by monitoring unoccupied interiors for motions, sound, vibration, or other disturbances.
- Alerting devices: These indicate an alarm condition. Most commonly, these are bells, sirens, and/or flashing lights. Alerting devices serve the dual purposes of warning occupants of intrusion, and potentially scaring off burglars. These devices may also be used to warn occupants of a fire or smoke condition.
- Keypads: Small devices, typically wall-mounted, which function as the human-machine interface to the system. In addition to buttons, keypads typically feature indicator lights, a small multi-character display, or both.etc.
- Interconnections between components. This may consist of direct wiring to the control unit, or wireless links with local power supplies.
In addition to the system itself, security alarms are often coupled with a monitoring service. In the event of an alarm, the premises control unit contacts a central monitoring station. Operators at the station see the signal and take appropriate action, such as contacting property owners, notifying police, or dispatching private security forces. Such signals may be transmitted via dedicated alarm circuits, telephone lines, or the internet.
Reference:
Security alarm - Wikipedia
LO 1, AC 1.1


NEW QUESTION # 77
For which of the following is the 'delphi method' used?

  • A. Controlling products
  • B. Classifying products
  • C. Valuing stock
  • D. Forecasting demand

Answer: D

Explanation:
Delphi method is a structured forecasting technique using a panel of experts and a number of rounds of questioning. Responses are shared after each round and the experts encouraged to recon-sider their own responses. It is intended to achieve a consensus view.
Reference:
LO 2, AC 2.3


NEW QUESTION # 78
Which of the following are warehouse layouts that allow the cross aisle to meet picking aisle at angles different from 90 degrees?
1. 'Fan' shaped layout
2. Herringbone-shaped layout
3. U-shape layout
4. L-shape layout

  • A. 2 and 3 only
  • B. 1 and 3 only
  • C. 3 and 4 only
  • D. 1 and 2 only

Answer: D

Explanation:
In a traditional warehouse, storage racks are arranged to create parallel picking aisles, perhaps with one or more cross aisles to allow workers to move quickly between picking aisles. This structure forces workers to travel rectilinear distances (north-south and east-west) to picking locations.

Kevin R. Gue and Russell D. Meller proposed alternative aisle designs:
- The 'Fan' shaped layout (or "Flying V"). This layout maintains parallel picking aisles, but al-lows the cross aisle to take on a different shape. If travel begins and ends at the bottom of the V, Gue and Meller expected distance to retrieve a single pallet is 10% less in this warehouse than in an equivalent traditional design.
- The Herringbone-shaped layout (or commonly referred as Fishbone layout) combines the verti-cal picking rows of a traditional warehouse with a second set of horizontal picking rows, divided by a V-shaped diagonal alley crossing the entire warehouse. This simple modification to the typical warehouse design allows employees (e.g. a forklift driver) to increase travel speed between picking locations. Efficiency gains achieved through a layout reconfiguration would reduce picking cost up to 23% compared to an equivalent warehouse using a traditional configuration.

Reference
Aisle Design - Kevin Gue
LO 1, AC 1.1


NEW QUESTION # 79
Which of the following is the minimum aisle width for using standard counterbalanced forklifts?

  • A. 4.9 ft - 5.2 ft
  • B. 10.5 ft - 13.1 ft
  • C. 6.9 ft - 7.2 ft
  • D. 5.6 ft - 5.9 ft

Answer: B

Explanation:
Minimum open aisle width for standard counterbalance forklift is 10.5-13.1 ft. You can look at the minimum aisle width for different equipment here, or calculate yourself with an instruction here.
LO 1, AC 1.3


NEW QUESTION # 80
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