About CIPS L4M7: CIPS Whole Life Asset Management

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CIPS L4M7 Exam Syllabus Topics:

Topic	Details
Topic 1	Identify the principles, purpose and impact of stores and warehouse design Identify the direct and indirect costs of holding inventory
Topic 2	Ensure senior management support Use best estimates of values available Identify the contributing elements to end-of-life costs
Topic 3	Contrast the impact of the use of different warehousing equipment Understand methods for the storage and movement of inventory
Topic 4	Differentiate between the different classifications of inventory Identify techniques associated with inventory control
Topic 5	Environmental standards for packaging Materials handling equipment
Topic 6	Understand the key elements of effective inventory control Factors that influence stores and warehouse layout
Topic 7	Systems for product coding Bar coding The use of RFID technologies
Topic 8	Hidden costs – global sourcing, risks associated with extended supply chain Cross functional support – ensure access to data
Topic 9	Opening stock, work in progress, safety stock and finished goods Obsolescent and redundant stock

Reference: https://www.cips.org/qualifications/diploma-in-procurement-supply/whole-life-asset-management

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