CIPS L4M7 Whole Life Asset Management with 100% correct answers 2024/2025 passed

CIPS L4M7 Whole Life Asset ManagementCauses of Obsolescence - correct answer Technical Change Cultural Change Legislation 2D Barcode - correct answer Types of Stock - correct answer Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - correct answer Technical Change Cultural Change Legislation Causes of Redundancy - correct answer Poor Forecasting if Demand Cancelled Orders due to Poor Relationship Overstocking/Poor Stock Control Change to Internal Policy Triple Bottom Line - correct answer People Profit Planet Inventory Code Types - correct answer Numerical Alphabetical Alpha-Numeric Random Generated/Created Sequential Structured Factors Influencing Storage Location - correct answer Cost Availability Suitability Nature of Items to be Stored Access to Transport Infrastructure Considerations when Designing a Warehouse - correct answer Flow Types of Inventory - correct answer Raw Materials Components Work in Progress Finished Goods Purpose of Stores/Warehouses - correct answer Make stock available to customers Maintain safe environment for workers in warehouse Maintain secure environment and avoid stock losses EAN13 Barcode - correct answer