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CIPS Level 4 Diploma in Procurement and Supply Whole Life Asset Management

Whole Life Asset Management

Last Update Feb 1, 2026
Total Questions : 294

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Questions 2

MRP system is the most suitable IT system to manage which type of items?

Options:

A.  

Dependent demand

B.  

Construction projects

C.  

Independent demand

D.  

Fast moving components

Discussion 0
Questions 3

Buffer stock is a level of stock which...

Options:

A.  

Is half of the actual stock that needs to be in the warehouse

B.  

Is the minimum stock level below which actual stock should not fall

C.  

Is the maximum stock in inventory

D.  

Is when the physical ordering process should start to replenish used items

Discussion 0
Questions 4

Ranger Mobile Ltd is a emerging smartphone manufacturer. The manufacturer adopts the just-in-time method: First, the customers make orders, then it will decide which components to be pur-chased according to the bill of materials. These components are known as which of the following?

Options:

A.  

Indirect items

B.  

Capital goods

C.  

Dependent demand items

D.  

Independent forecast items

Discussion 0
Questions 5

Bulk loose coal that requires massive handling system should be stored in which area?

Options:

A.  

Chill hub

B.  

Stockyard

C.  

Heating warehouse

D.  

Store

Discussion 0
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