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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	Hidden costs – global sourcing, risks associated with extended supply chain Cross functional support – ensure access to data
Topic 3	Discuss options to reduce costs whilst mitigating any negative impact on service levels Location of stores and warehouses
Topic 4	Explain the use of product coding in inventory operations Order tracking technologies
Topic 5	Opening stock, work in progress, safety stock and finished goods Obsolescent and redundant stock
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	Environmental standards for packaging Materials handling equipment
Topic 9	The use of automation in warehousing Palletisation and unit loads
Topic 10	Differentiate between the different classifications of inventory Identify techniques associated with inventory control
Topic 11	Contrast the impact of the use of different warehousing equipment Understand methods for the storage and movement of inventory
Topic 12	Ensure senior management support Use best estimates of values available Identify the contributing elements to end-of-life costs

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

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