Expert Answers to CIPS Exam L4M7 Questions

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

Whole Life Asset Management

Last Update Aug 5, 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:

Dependent demand

Construction projects

Independent demand

Fast moving components

Discussion 0

Questions 3

Buffer stock is a level of stock which...

Options:

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

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

Is the maximum stock in inventory

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

Discussion 0

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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:

Indirect items

Capital goods

Dependent demand items

Independent forecast items

Discussion 0

Questions 5

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

Options:

Chill hub

Stockyard

Heating warehouse