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Pass the CIPS Level 4 Diploma in Procurement and Supply L4M7 Questions and answers with ExamsMirror

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92% Same Questions
Viewing page 8 out of 9 pages
Viewing questions 71-80 out of questions
Questions # 71:

Which of the following are most likely to be the purposes of packing and packaging?

1. To bring the product cost down

2. To protect the product

3. To improve the product recognition

4. To test the product durability

Options:

A.

1 and 2 only

B.

3 and 4 only

C.

2 and 3 only

D.

1 and 4 only

Questions # 72:

A local hospital has a highly complex piece of medical equipment delivering proton beam therapy that only one supplier in the world manufactures. Owing to the specialist nature of the equipment, the patient waiting list is extremely long. It is therefore essential that the equipment failure downtime is kept to an absolute minimum, as it would have a negative impact on patient treatment delays. Due to the complex nature and essential need of the equipment to be in continual use, which of the following packages will offer the most protection in ensuring reliability and reduced downtime arising from equipment failures throughout its lifetime?

Options:

A.

A corrective maintenance package

B.

A service and maintenance included package

C.

A parts-only maintenance package

D.

A 12-month from purchase warranty package

Questions # 73:

A construction organisation requires specialist equipment for digging deep foundations. Which of the following circumstances would result in the hire of equipment rather than leasing it?

Options:

A.

The subjective assessment of multiple factors for both hire and lease by the directors

B.

The expected frequency of use, the storage available, and the lease cost of the equipment compared to hiring it

C.

The results of a discounted cost analysis using comparative weekly payments for both hire and lease options

D.

The finance available and the potential profits available on the eventual sale of the leased equipment compared to hire costs

Questions # 74:

Which of the following are the key elements of total productive maintenance?

1. Reactive maintenance

2. Quality maintenance

3. Deferred maintenance

4. Autonomous maintenance

Options:

A.

1 and 3 only

B.

2 and 4 only

C.

1 and 2 only

D.

2 and 3 only

Questions # 75:

A manufacturing organization has a large volume of raw material stock now viewed as redundant. Which of the following is the most appropriate process for the organization?

Options:

A.

Scrap the stock as environmentally as possible and reorganize the warehouse

B.

Re-package and isolate the stock from the remaining stock to maximize usable space

C.

Ask the original supplier for potential return and credit or sell the stock

D.

Maintain the safety and security of the stock for potential future use

Questions # 76:

Buffer stock is a level of stock which ...

Options:

A.

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

B.

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

C.

is the maximum stock in inventory

D.

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

Questions # 77:

Inventory may be classified into direct and indirect supplies. Which of the following is a characteristic of indirect supplies?

Options:

A.

Indirect supplies have a significant impact on the quality of the final product

B.

Indirect supplies are the sub-assemblies required in the final product

C.

Indirect supplies are costs that have an impact on the operating cost of the business

D.

Indirect supplies refer to stock that is partway through manufacture

Questions # 78:

Extra units that are held in inventory to reduce the risks of stock-out are called...?

Options:

A.

Just-in-time

B.

Reorder point

C.

Safety stock

D.

Demand variance

Questions # 79:

Which of the following are the key elements of total productive maintenance?

1. Reactive maintenance

2. Quality maintenance

3. Deferred maintenance

4. Autonomous maintenance

Options:

A.

1 and 3 only

B.

2 and 4 only

C.

1 and 2 only

D.

2 and 3 only

Questions # 80:

'The main consideration in designing the layout of a warehouse is the size of the storage space utilized.'

Is this statement TRUE?

Options:

A.

Yes, because large space provides assurance that stocks will not run out

B.

Yes, because suppliers need to be assured that the orders they receive will have storage when delivered

C.

No, because other considerations such as the traffic flow within the store are important

D.

No, because the most important consideration in stores design is the location of the main exit

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Viewing questions 71-80 out of questions
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