About CIPS L4M7 Exam

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CIPS L4M7 Exam Syllabus Topics:

Topic	Details
Topic 1	Dependent demand and independent demand itemsof stock ABC classifications of stock that may apply
Topic 2	Hidden costs – global sourcing, risks associated with extended supply chain Cross functional support – ensure access to data
Topic 3	Explain the use of product coding in inventory operations Order tracking technologies
Topic 4	Ensure senior management support Use best estimates of values available Identify the contributing elements to end-of-life costs
Topic 5	Discuss options to reduce costs whilst mitigating any negative impact on service levels Location of stores and warehouses
Topic 6	Differentiate between the different classifications of inventory Identify techniques associated with inventory control
Topic 7	Understand the key elements of effective inventory control Factors that influence stores and warehouse layout
Topic 8	Identify the principles, purpose and impact of stores and warehouse design Identify the direct and indirect costs of holding inventory
Topic 9	Contrast the impact of the use of different warehousing equipment Understand methods for the storage and movement of inventory
Topic 10	Environmental standards for packaging Materials handling equipment
Topic 11	Opening stock, work in progress, safety stock and finished goods Obsolescent and redundant stock