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CIPS L4M7 Whole Life Asset Management Practice 2026 Exam

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CIPS L4M7 Whole Life Asset Management Practice 2026 Exam

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CIPS L4M7 Whole Life Asset Management
Practice 2026 Exam
1. Types of Stock Opening Stock
Raw Materials
Secondary Components
Work in Progress
Finished Goods
Safety/Butter Stock
Stockout

2. Causes of Obse- Technical Change
lence Cultural Change
Legislation

3. Causes of Redun- Poor Forecasting if Demand
dancy Cancelled Orders due to Poor Relationship
Overstocking/Poor Stock Control
Change to Internal Policy

4. Triple Bottom People
Line Profit
Planet

5. Inventory Code Numerical
Types Alphabetical
Alpha-Numeric
Random Generated/Created
Sequential
Structured

6. Factors Influenc- Cost
ing Storage Loca- Availability
tion Suitability
Nature of Items to be Stored
Access to Transport Infrastructure
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, CIPS L4M7 Whole Life Asset Management
Practice 2026 Exam
7. Considerations Flow
when Designing
a Warehouse

8. Types of Invento- Raw Materials
ry Components
Work in Progress
Finished Goods

9. Purpose of Make stock available to customers
Stores/Ware- Maintain safe environment for workers in warehouse
houses Maintain secure environment and avoid stock losses

10. EAN13 Barcode




11. 2D Barcode




12. Materials Han- Dollies
dling Equipment Sack Trucks
Trolleys
Turntable Trucks
Roll Cages
Order Pickers
Pallet Trucks
Pallet Stackers

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