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CIPS L4M7 Whole Life Asset Management

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CIPS L4M7 Whole Life Asset Management Causes of Obsolescence - ANS Technical Change Cultural Change Legislation 2D Barcode - ANS Types of Stock - ANS Opening Stock Raw Materials Secondary Components Work in Progress Finished Goods Safety/Buffer Stock Stockout Causes of Obselence - ANS Technical Change Cultural Change Legislation Causes of Redundancy - ANS Poor Forecasting if Demand Cancelled Orders due to Poor Relationship Overstocking/Poor Stock Control Change to Internal Policy Triple Bottom Line - ANS People Profit Planet Inventory Code Types - ANS Numerical Alphabetical Alpha-Numeric Random Generated/Created Sequential Structured Factors Influencing Storage Location - ANS Cost Availability Suitability Nature of Items to be Stored Access to Transport Infrastructure

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