L4M7 Whole Life Asset Management Ruby Package
On completion of this module, learners will be able to explain methods of inventory storage and control and analyse the concept of whole life cost from concept through to disposal.
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Level 4 Diploma
Booking your CIPS Exams
Supporting Documentation
Induction
How to use the Course Materials
How-to Lesson
Study Plan
Level 4 Crossover Topics
ABC Analysis/Pareto Curve
Total Cost of Ownership
7 Wastes
Triple Bottom Line (TBL)
LO1 - Learning Outcomes You Could Be Asked About
LO1 Full Slide Deck
1.1.1 Location of stores and warehouses
1.1.2 Stores and warehouse design
1.1.3 Factors influencing stores and warehouse layout
1.1.4 Flow, space utilisation and flexibility
1.2.1 Systems for product coding
1.2.2 Barcoding and quick response (QR) coding
1.2.3 Order tracking technologies
1.2.4 The use of radio-frequency identification (RFID) technologies
1.3.1 Materials handling equipment (MHE)
1.3.2 Pallets and palletisation
1.3.3 Containers and containerisation
Revision Sheets - LO1
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1.3.4 The use of automation in warehousing
LO2 - Learning Outcomes You Could Be Asked About
LO2 Full Slide Deck
2.1.1 Raw materials, opening stock, work in progress (WIP), safety stock and finished goods
2.1.2 Obsolescent and redundant stock
2.1.3 Direct and indirect supplies
2.1.4 ABC classifications of stock that may apply
2.2.1 Acquisition costs
2.2.2 Holding costs
2.2.3 Cost of stockouts
2.2.4 Discuss options to reduce costs while mitigating any negative impact on service levels
2.3.1 Subjective and objective forecasting
2.3.2 Reorder quantities and levels
2.3.3 MRP II (manufacturing resource planning) and dependent demand and independent demand items of stock
2.3.4 ERP (enterprise resource planning)
2.3.5 JIT (just-in-time)
2.3.6 Inventory optimisation
2.3.7 Inventory performance measures – lead times, service levels, rate of stock turn, stock-outs in a given period, stock cover
Revision Sheets - LO2
Now create your Revision Notes for LO2
LO3 - Learning Outcomes You Could Be Asked About
LO3 Full Slide Deck
3.1.1 Purchase price
3.1.2 Hire or lease
3.1.3 Acquisition costs
3.1.4 Usage costs: maintenance, operation costs, utility costs and training costs
3.1.5 Disposal and end-of-life options and associated costs
3.2.1 Purpose of whole-life asset management
3.2.2 Costs and risks of whole-life asset management
3.2.3 Stakeholder factors relating to whole-life asset management
3.3.1 Triple bottom line – people, planet, profit
3.3.2 Environmental factors
3.3.3 Waste management
3.3.4 Packing and packaging
3.3.5 Decommissioning
Decommissioning process
3.3.6 Removal or disposal including closed-loop
Revision Sheets - LO3
Now create your Revision Notes for LO3
Revision Notes
Exam & Revision Techniques
CIPS 20 Sample Questions
FULL LO1
FULL LO2
FULL LO3
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