CIPS L4M7 Whole-life Assets Management Online Training
CIPS L4M7 Online Training
The questions for L4M7 were last updated at Jun 19,2025.
- Exam Code: L4M7
- Exam Name: Whole-life Assets Management
- Certification Provider: CIPS
- Latest update: Jun 19,2025
In the Appendix A of a long-term supply contract of Bulk Drug Substance, both parties agree that "The reference price for Bulk Product at the specification, per gram, shall be US$10. The unit price for Bulk Product for a specific Purchase Order shall be computed by multiplying the above- specified reference price by two corrective factors, namely inflation correction factor and exchange rate correction factor".
This pricing appendix is an example of…?
- A . Discounted pricing
- B . Fixed pricing
- C . Volume-based pricing
- D . Adjustable pricing
In the Appendix A of a long-term supply contract of Bulk Drug Substance, both parties agree that "The reference price for Bulk Product at the specification, per gram, shall be US$10. The unit price for Bulk Product for a specific Purchase Order shall be computed by multiplying the above- specified reference price by two corrective factors, namely inflation correction factor and exchange rate correction factor".
This pricing appendix is an example of…?
- A . Discounted pricing
- B . Fixed pricing
- C . Volume-based pricing
- D . Adjustable pricing
Which of the following allow the operators to access higher levels in warehouse facility? Select TWO that apply:
- A . Carousel
- B . Grab
- C . Order picker
- D . Scissor platform
- E . Stacker crane
Which of the following best describes category ‘A’ in ABC analysis in inventory management?
- A . Items that represent approximately 15% of total value
- B . Items with low uncertainty
- C . Items with high values
- D . Items with high uncertainty
Which of the following is the most suitable container of fasteners (screws, nails, nuts and bolts,…)?
- A . Bar rack
- B . Pallet
- C . Tote box
- D . Stock cage
Which of the following statements holds true about inventory holding costs?
- A . They decline as the cost of the inventory item rises
- B . They always exceed total ordering costs
- C . They depend upon the opportunity cost of tying up funds and the average value of the stock holding
- D . They are independent of the average stock level
A logistics company has a 2-story warehouse in the suburban area. The goods receiving area and dispatch area are located on the ground floor only. There is a lift connecting the two floors. The daily operations of the warehouse are quite busy.
Which of the following would the best arrangement for this warehouse?
- A . Small items in tote boxes will be stored on the ground floor with forklifts and other equipment, high-usage palletised items will be stored on the first floor
- B . Medium- to low-usage palletised items will be stored on the ground floor, high-usage items will be stored on the first floor where the building administrative office is located
- C . Forklifts and other warehouse equipment will park on the ground floor, all inventories will be stored on the first floor
- D . Pallets, roller cages and other bulky items will be stored on the ground floor, smaller items in plastic tote boxes will be stored on the first floor
Which component of an RFID device is responsible for sending and receiving radio waves?
- A . Network database
- B . Laser beam
- C . Integrated circuit
- D . Antenna
Which component of an RFID device is responsible for sending and receiving radio waves?
- A . Network database
- B . Laser beam
- C . Integrated circuit
- D . Antenna
Which component of an RFID device is responsible for sending and receiving radio waves?
- A . Network database
- B . Laser beam
- C . Integrated circuit
- D . Antenna
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