[Aug 21, 2025] Pass Level 4 Diploma in Procurement and Supply L4M7 Exam With 257 Questions [Q61-Q75]

NEW QUESTION 61
Is it correct to state that the accuracy of demand forecasts depends on the accuracy of the available information?

NEW QUESTION 62
What advantage can the use of ABC classification of stock provide in warehouse design?

NEW QUESTION 63
Radio Frequency Identification (RFID) is an electronic technology that transmits data from tagged items.
What are the advantages of RFID technology? SelectTWOthat apply.

NEW QUESTION 64
With D is the annual demand (units), S is cost per order, H is annual carrying cost per unit; the formula for Economic Order Quantity is….?

NEW QUESTION 65
“Open stock plus purchases minus closing stock” is the formula of which of the following?

NEW QUESTION 66
A hospital is purchasing a new software product that will advise nurses when to give medications to hospitalised patients. This is a mobile application that will be used on tablets carried by the nurses. The software is being developed and tested by a company that specialises in mobile medical applications. This software will interface with existing hospital software that orders the medications from the pharmacy. Which acceptance test activity will be required to check whether the new software integrates well with current IT system?

NEW QUESTION 67
Which of the following factors influence stock-holding policy for slow-moving items?
* Item cost
* Surplus cost
* Shortage cost
* Lead time

NEW QUESTION 68
Which of the following are the different types of inventory that a manufacturing company usually has?
1. Work in progress
2. Economic order quantity
3. Raw materials
4. Finished goods

NEW QUESTION 69
Practice of unloading goods from inbound delivery vehicles and loading them directly onto out-bound vehicles is known as …?

NEW QUESTION 70
Which of the following are features of dependent demand items of stock?
* They depend on the production levels of the user departments
* They depend on the production capacity of the supplier
* They can be managed using JIT (Just-in-Time) systems
* They become obsolete within a short time

NEW QUESTION 71
The amount of inventory available at the start of an accounting period is known as…?

NEW QUESTION 72
A supplier delivers large quantities of inventory to its customer’s store, but only charges for the goods as and when they are used. This can be described as…?

NEW QUESTION 73
The purchase-order lead time is the…?

NEW QUESTION 74
Which of the following correctly describes the triple bottom line?

NEW QUESTION 75
Which of the following can replace pallets as bases for unit loads but they require push pull acces-sories to retrieve or discharge unit load?