NEW L4M7 EXAM TESTKING & VALID BRAINDUMPS L4M7 BOOK

New L4M7 Exam Testking & Valid Braindumps L4M7 Book

New L4M7 Exam Testking & Valid Braindumps L4M7 Book

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CIPS Whole Life Asset Management Sample Questions (Q250-Q255):

NEW QUESTION # 250
Which of the following is the minimum aisle width for using standard counterbalanced forklifts?

  • A. 4.9 ft - 5.2 ft
  • B. 6.9 ft - 7.2 ft
  • C. 10.5 ft - 13.1 ft
  • D. 5.6 ft - 5.9 ft

Answer: C

Explanation:
Minimum open aisle width for standard counterbalance forklift is 10.5-13.1 ft. You can look at the minimum aisle width for different equipment here, or calculate yourself with an instruction here.
LO 1, AC 1.3


NEW QUESTION # 251
Which of the following best describes category 'A' in ABC analysis in inventory management?

  • A. Items with high values
  • B. Items with low uncertainty
  • C. Items with high uncertainty
  • D. Items that represent approximately 15% of total value

Answer: A

Explanation:
ABC classifications are applied to stock and its management is based loosely on the Pareto princi-ple, better known as the 80/20 rule.
The likely outcome of analysis of inventory (value importance):
- Category A - about 20% of the stock items account for about 80% of the total inventory value. Items in category A have the highest value.
- Category B - about 30% of items account for about 15% of total inventory value
- Category C - the remaining 50% of items account for 5% of the total inventory value


NEW QUESTION # 252
Lean principle focuses on eliminating eight types of waste. Waste in Lean manufacturing is defined as...?

  • A. Rejection of material because of quality related problems
  • B. Part of activity when operator is idle
  • C. Part of any activity which is inevitable
  • D. Non value-adding steps in a process

Answer: D

Explanation:
Lean thinking aims to remove wastes from work processes. Before diving into the 8 wastes, it is important to understand what waste is. Waste is any action or step in a process that does not add value to the customer. In other words, waste is any process that the customer does not want to pay for.
The original seven wastes (Muda) was developed by Taiichi Ohno, the Chief Engineer at Toyota, as part of the Toyota Production System (TPS). The seven wastes are Transportation, Inventory, Motion, Waiting, Overproduction, Overprocessing and Defects. They are often referred to by the acronym 'TIMWOOD'. The
8th waste of non-utilized talent or 'Skills' of workers was later introduced in the 1990swhen the Toyota Production System was adopted in the Western world. As a result, the 8 wastes are commonly referred to as
'TIMWOODS'.
A picture containing application Description automatically generated

Source: The lean way


NEW QUESTION # 253
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?

  • A. Profit margin
  • B. Space utilisation
  • C. Product pricing
  • D. Image of the company

Answer: B


NEW QUESTION # 254
With D is the annual demand (units), S is cost per order, H is annual carrying cost per unit; the formula for Economic Order Quantity is....?

  • A. #(D*S/2H)
  • B. #(2D*S/H)
  • C. #(D*S/3H)
  • D. #(D*S*H)

Answer: B

Explanation:

LO 2, AC 2.3


NEW QUESTION # 255
......

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