CIPS L4M7 Whole Life Asset Management Exam With Complete Solutions

CIPS L4M7 Whole Life Asset Management Exam With Complete Solutions 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 Stock Control Change to Internal Policy Triple Bottom Line People Profit Planet Inventory Code Types Numerical Alphabetical Alpha-Numeric Random Generated/Created Sequential Structured Factors Influencing Storage Location Cost Availability Suitability Nature of Items to be Stored Access to Transport Infrastructure Considerations when Designing a Warehouse Flow Types of Inventory Raw Materials Components Work in Progress Finished Goods Purpose of Stores/Warehouses Make stock available to customers Maintain safe environment for workers in warehouse Maintain secure environment and avoid stock losses EAN13 Barcode 2D Barcode Types of Stock Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Materials Handling Equipment Dollies Sack Trucks Trolleys Turntable Trucks Roll Cages Order Pickers Pallet Trucks Pallet Stackers