Free CIPS L4M7 Exam Dumps Questions & Answers

A warehouse manager is evaluating the use of Automated Guided Vehicles (AGVs) within a repetitive task environment. After reviewing their use and price, the manager decided to invest in several AGVs. Were they correct in doing this?

• A.No, as they are only suitable for use in non-repetitive task environments
• B.Yes, as it will reduce the costs of employing labour
• C.Yes, organisations must use high-tech solutions where possible
• D.No, as it reduces the flexibility of the warehouse operations

The Four Counties hospital in Norway is experiencing financial pressures. The procurement team is looking for the best approach to procure patient equipment that is critical and is often required at very short notice.
Which of the following techniques would allow the hospital to access the stock at short notice, but without paying for it until it is used?

• A.Consignment stocking
• B.Reference indices pricing
• C.Volume-based pricing
• D.Discounted stocking

Which of the following is an assumption of economic-order-quantity model?

• A.Demand, ordering costs, and carrying costs are uncertain
• B.The purchasing cost per unit is affected by the order quantity
• C.The quantity ordered can vary at each reorder point
• D.No inventory stockouts occur

XYZ Ltd is a retailer in the US. Their customers' demand for Thanksgiving and Christmas decora-tions usually rises in the end of the year. This irregular demand results in more required storage space for finished goods during peak seasons. Which of the following are possible solutions for dealing with required additional space?
1. Maximising aisle width
2. Keeping high buffer stock throughout the year
3. Maximising flexibility in warehouse layout
4. Installing mezzanine floor

• A.1 and 3 only
• B.1 and 2 only
• C.2 and 4 only
• D.3 and 4 only

Which of the following is the correct statement about total ordering cost?

• A.Fall with the per period usage rate
• B.Equal the number of orders placed times the cost of placing an order
• C.Rise as the average stock level rises
• D.Rise as the order quantity rises