CIPS L4 Diploma

L4M7 Whole Life Asset Management

On-demand tuition provides access to a full suite of our excellent teaching materials, and importantly a pre-recorded tutor explanation of all theory split into convenient small sections. You can access these resources whenever you desire, from everywhere, with tutor support being provided as required.

On completion of this module, learners will be able to explain methods of inventory management, inventory analysis and the concept of whole-life asset management cost, from idea through to disposal.

Course curriculum

  • 1

    Course Preview and Explanation

  • 2

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

    • Session Notes - Chapter 1

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

    • LO|1.2 Understand the key elements of effective inventory control

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

    • Practice Questions
  • 3

    Chapter 2 – Understand market management in procurement and supply

    • Session Notes - Chapter 2

    • 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

    • Practice Questions
  • 4

    Chapter 3 – Understand the concept of through life cost

    • Session Notes - Chapter 3

    • LO|3.1 Analyse the contributing factors when establishing total cost of ownership

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

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

    • Practice Questions
  • 5

    CIPS Practice Questions

    • CIPS Practice Questions