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Pass the CIPS CIPS Level 4 Diploma in Procurement and Supply L4M7 Questions and answers with CertsForce

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Viewing questions 31-40 out of questions
Questions # 31:

Which of the following is another name for scheduled (routine) maintenance?

Options:

A.

Preventative maintenance


B.

Predictive maintenance


C.

Run to breakdown


D.

Corrective maintenance


Expert Solution
Questions # 32:

The following are examples of scheduled maintenance except...

Options:

A.

Oil changes and regular servicing


B.

Overhauling of machine


C.

Repair signage damage from a recent storm


D.

Cleaning of tank


Expert Solution
Questions # 33:

Holding inventory is key to ensure that an organisation can maintain production and meet customer demands. Which of the following are classes of inventory? Select THREE that apply.

Options:

A.

Raw material


B.

Machines


C.

Finished products


D.

Sub-assemblies


E.

Scrap components


F.

Forklift trucks


Expert Solution
Questions # 34:

The size of the order that minimizes the total cost of acquiring and holding stock is known as …

Options:

A.

Order quantity


B.

Economic order quantity


C.

Correct quantity


D.

Average stock


Expert Solution
Questions # 35:

Removal or disposal of assets should depend on an assessment of which of the following? Select TWO that apply.

Options:

A.

Consumer demand for the product


B.

The current rate of interest for new equipment


C.

Location of the equipment and accessibility


D.

The total cost of the equipment


E.

Type of equipment and incorporated components


Expert Solution
Questions # 36:

Which of the following represents the end-of-life cost of an asset?

Options:

A.

Payment of the suppliers' final invoice after the asset is commissioned


B.

The cost of replacing the asset if it is damaged in an accident


C.

The cost of decommissioning and scrapping the asset


D.

Disposal of waste generated from use


Expert Solution
Questions # 37:

To improve the security of a warehouse, alarm systems are commonly used. Which of the following is an important part of these systems?

Options:

A.

Sensors


B.

Fencing


C.

CCTV


D.

Lighting


Expert Solution
Questions # 38:

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...?

Options:

A.

Discounted pricing


B.

Fixed pricing


C.

Volume-based pricing


D.

Adjustable pricing


Expert Solution
Questions # 39:

RFID uses radio frequencies for the purpose of identification and tracking of assets. Which of the following are disadvantages of using RFID? Select THREE that apply.

    RFID can be too expensive for many applications compared to other tracking and identification methods

    RFID tags have a limited amount of memory and are less effective than other product tracking systems

    It is difficult for an RFID reader to read the information where tags are installed in liquid or metal products

    Interference has been observed to take place in RFID systems when devices such as hand-held, portable, two-way radios are in use

    RFID provides a much less robust type of security compared to other forms of scanning systems

    RFID is a restriction in managing the updates of stocks during the transportation of products

Options:

A.

1, 3, and 4


B.

1, 2, and 5


C.

2, 4, and 6


D.

3, 5, and 6


Expert Solution
Questions # 40:

Your company has established the number of new warehouses it requires and the locations it wishes to build them. The next step is to think about the structural design and capacity. There are different factors to consider in getting these things correct. Which of the following factors can influence the design of a new warehouse facility?

Options:

A.

Product pricing


B.

Space utilisation


C.

Profit margin


D.

Image of the company


Expert Solution
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