CIPS L4 Diploma

L4M7 Whole Life Asset Management

Comprehensive practice questions, covering each learning outcome of the module, with correct answer explanations. Created by our expert tutors to replicate the style and content of questions you will find in your exam.

Course curriculum

  • 1

    Chapter 1 – Understand methods for the storage and movement of inventory

    • LO|1.1 – Identify the principles, purpose and impact of stores and warehouse design

    • LO|1.2 – Explain the use of product coding in inventory operations

    • LO|1.3 - Contrast the impact of the use of different warehousing equipment

  • 2

    Chapter 2 – Understand market management in procurement and supply

    • LO|2.1 – Differentiate between the different classifications of inventory

    • LO|2.2 – Identify the direct and indirect costs of holding inventory

    • LO|2.3 – Identify techniques associated with inventory control

  • 3

    Chapter 3 – Understand the concept of through life cost

    • LO|3.1 – Analyse the contributing factors when establishing whole-life costs

    • LO|3.2 – Compare the factors to consider when building a total cost of ownership model

    • LO|3.3 – Identify the contributing elements to the end-of-life costs