CIPS L4M7 Authentic Exam Hub Firstly, there are no restrictions to your learning, What key points can we do for L4M7 exam review, L4M7 free study dump is so comprehensive that you do not need any other study material, Our L4M7 test braindumps are by no means limited to only one group of people, L4M7 Questions – Know the pattern to follow it well.

The views capturing the synthesis process are complex even with L4M7 Exam Outline few numbers of roles in each role model, Microsoft isn't the only company working on quantum computing technology.

Download L4M7 Exam Dumps

That, combined with industry experience, prepares our students to take their first steps in the industry, If you want to pass the exam smoothly buying our L4M7 study materials is your ideal choice.

Consistency, style, voice, adherence to mission, editorial https://www.actualvce.com/CIPS/free-cips-whole-life-asset-management-dumps-14902.html judgment, and ethics are just a part of the role, Firstly, there are no restrictions to your learning.

What key points can we do for L4M7 exam review, L4M7 free study dump is so comprehensive that you do not need any other study material, Our L4M7 test braindumps are by no means limited to only one group of people.

CIPS - Valid L4M7 Authentic Exam Hub

L4M7 Questions – Know the pattern to follow it well, Study with Exam's Format, As a result, you will be full of confidence and pass the CIPS L4M7 exam will be just a piece of cake.

Our practice materials are well arranged with organized content, We have online and offline service, and the staff possess the professional knowledge for L4M7 exam dumps, if you have any questions, you can have a conversation with us.

Our company can promise that the L4M7 study materials from our company are best among global market, Our L4M7 training practice is developed by our experts through analyzing real L4M7 Simulation Questions exam content for years, and there are three version including PDF version, online version and software version for you to choose.

So you totally can control the L4M7 study materials flexibly.

Download CIPS Whole Life Asset Management Exam Dumps

NEW QUESTION 35
Which of the following is NOT an improvement available in ERP II in compare with ERP?

• A. ERP II crosses all sectors and segments of business, including service, government and asset-based industries
• B. ERP II enables the organisation to collaborate with trading partners across the supply chain
• C. ERP II systems are closed and silo-working
• D. ERP II offers better integration with other proprietary software

Answer: C

Explanation:
The main improvements from ERP to ERP II are the following:
- ERP II is web enabled as compared to Conventional ERP Which is not.
- ERP is restricted to provide selected exhaustive or rigorous or wide-spread coverage in its mod-ules. But as compared to ERP, ERP II provides the true and accurate blend of the macro and the micro and affords customers with curative actions/measures after identifying the slip-up/error or fault;
- ERP was embattled more headed for manufacturing or industrialization and the dilemma or difficulty is conquer in ERP II by endowing clarification for all kind of industries and sectors.
- ERP is not in the position or could not possibly integrate/incorporate diverse functions from di-verse departments/divisions but ERP II could possibly do so as well as from different industries as compared to conventional ERP.
- For WEB and WAP connectivity ERP II grip CRM and SCM Functionalities.
- ERP II be obliged the function and purpose to an external/outdoor one and smooth the progress of better networks than remaining as internal/interior application.
Reference:
- Next Generation Enterprise Resource Planning: ERP II
- CIPS study guide page 119-122
LO 2, AC 2.3

NEW QUESTION 36
A pharmaceutical firm offers a new drug called NC-01. After analysing the market, the firm realises that the demand is largely variable. But they still have to forecast the customer demand for the next production cycle. The new drug NC-01 is best described as which type of item?

• A. Independent demand
• B. Dependent demand
• C. Indirect demand
• D. Overhead items

Answer: A

Explanation:
Dependent demand is the requirement for stock item which is directly related to and therefore de-pendent upon the rate of production (examples are: raw materials, components, energy) Independent demand is the requirement for stock item which is not directly related to, and is therefore independent of rate of production. Although independent demand is called thus, it can still be influenced by economic factors external to the demand-supply model such as general consumer sentiment and consumers' available disposal income. However, businesses that need to predict the number of products with independent demand needed to sate their customers have it easier than businesses that must calculate the demand for products with dependent demand because there are fewer factors to consider.
In this scenario, the new drug is finished good which is dependent on the demand of the market, and the firm needs to forecast before initiating the production process. The item is independent from rate of production, therefore, it must be independent demand item.
Reference:
LO 2, AC 2.1

NEW QUESTION 37
The ABC approach involves classifying inventory items by unit cost, with expensive items classi-fied as 'A' items and low cost items classified as 'C' items. Is this statement true?

• A. Yes, 'A' items represent approximately 20% of total unit prices
• B. Yes, 'C' items with the lowest unit prices are the tail spends
• C. No, ABC analysis considers the usage of each inventory item
• D. No, ABC analysis considers the supply risks associated with an inventory item

Answer: C

Explanation:
ABC analysis is an approach for classifying inventory items based on the items' consumption val-ues. Consumption value is the total value of an item consumed over a specified time period, for example a year. The approach is based on the Pareto principle to help manage what matters and is applied in this context:
- A items are goods where annual consumption value is the highest. Applying the Pareto principle (also referred to as the 80/20 rule where 80 percent of the output is determined by 20 percent of the input), they comprise a relatively small number of items but have a relatively high consumption value. So it's logical that analysis and control of this class is relatively intense, since there is the greatest potential to reduce costs or losses.
- B items are interclass items. Their consumption values are lower than A items but higher than C items. A key point of having this interclass group is to watch items close to A item and C item classes that would alter their stock management policies if they drift closer to class A or class C. Stock management is itself a cost. So there needs to be a balance between controls to protect the asset class and the value at risk of loss, or the cost of analysis and the potential value returned by reducing class costs. So, the scope of this class and the inventory management policies are determined by the estimated cost-benefit of class cost reduction, and loss control systems and processes.
- C items have the lowest consumption value. This class has a relatively high proportion of the total number of lines but with relatively low consumption values. Logically, it's not usually cost-effective to deploy tight inventory controls, as the value at risk of significant loss is relatively low and the cost of analysis would typically yield relatively low returns.
LO 2, AC 2.1

NEW QUESTION 38
The amount of inventory available at the start of an accounting period is known as...?

• A. Opening stock
• B. Work-in-progress
• C. Buffer stock
• D. Closing stock

Answer: A

Explanation:
Opening stock is the starting amount of inventory that a business has at a fixed moment in time. This could be the start of a financial year, another reporting period or ad hoc stocktake. The concept of opening stock mush not be confused with raw materials Closing stock is the inventory held at the end of the period under consideration. Thus, the closing stock of one period is automatically the opening stock for the next.
Work in progress is the stock part-way through a manufacturing process; in the service sectors the term is also used for anything between order and delivery.
Buffer stock (safety stock) is the stock held as a contingency or insurance against disruption or unexpected demand.
LO 2, AC 2.1

NEW QUESTION 39
Which of the following is the correct statement about total ordering cost?

• A. Rise as the order quantity rises
• B. Equal the number of orders placed times the cost of placing an order
• C. Rise as the average stock level rises
• D. Fall with the per period usage rate

Answer: B

Explanation:
Typically, ordering costs include expenses for a purchase order, labor costs for the inspection of goods received, labor costs for placing the goods received in stock, labor costs for issuing a supplier's invoice and labor costs for issuing a supplier payment. These costs are irrelevant from the size of the order and are incurred every time a firm places an order.
The total ordering cost will be equal to ordering cost per order multiply with number of orders.
Reference:
LO 2, AC 2.2

NEW QUESTION 40
......