Exam Code: L4M7
Exam Name: CIPS Whole Life Asset Management
Certification Provider: CIPS
Corresponding Certification: Level 4 Diploma in Procurement and Supply

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Name: CIPS L4M7 Exam
Brand: CIPS
SKU: L4M7
Price: 69.00 USD
Availability: InStock
Rating: 4.8 (756 reviews)

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Updated: Jul 30, 2026

No. of Questions: 297 Questions & Answers with Testing Engine

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CIPS L4M7 Exam Overview:

Certification Vendor:	CIPS (Chartered Institute of Procurement & Supply)
Exam Name:	Whole Life Asset Management
Exam Number:	L4M7
Passing Score:	70%
Related Certifications:	Level 3 Advanced Certificate in Procurement and Supply Operations Level 5 Advanced Diploma in Procurement and Supply
Real Exam Qty:	60
Exam Price:	£140 - £180 (varies by region, member/non-member)
Available Languages:	English, Chinese, French, Spanish, German, Italian, Portuguese
Exam Format:	Multiple-choice questions, Objective response format
Certificate Validity Period:	Valid for 3 years after certification
Exam Duration:	90 minutes
Recommended Training:	L4M7 Official Study Guide CIPS Accredited Training Providers
Exam Registration:	CIPS Official Exam Booking
Sample Questions:	CIPS L4M7 Sample Questions
Exam Way:	Online remote proctored or in-person at approved test centres
Pre Condition:	No mandatory prerequisites; recommended for learners with Level 3 qualification or relevant work experience
Official Syllabus URL:	https://www.cips.org/exam-booking/l4m7-whole-life-asset-management-core

CIPS L4M7 Exam Syllabus Topics:

Topic	Details
Topic 1	Ensure senior management support Use best estimates of values available Identify the contributing elements to end-of-life costs
Topic 2	Differentiate between the different classifications of inventory Identify techniques associated with inventory control
Topic 3	Environmental standards for packaging Materials handling equipment
Topic 4	Opening stock, work in progress, safety stock and finished goods Obsolescent and redundant stock
Topic 5	Systems for product coding Bar coding The use of RFID technologies
Topic 6	The use of automation in warehousing Palletisation and unit loads
Topic 7	Dependent demand and independent demand itemsof stock ABC classifications of stock that may apply
Topic 8	Discuss options to reduce costs whilst mitigating any negative impact on service levels Location of stores and warehouses
Topic 9	Identify the principles, purpose and impact of stores and warehouse design Identify the direct and indirect costs of holding inventory
Topic 10	Contrast the impact of the use of different warehousing equipment Understand methods for the storage and movement of inventory
Topic 11	Explain the use of product coding in inventory operations Order tracking technologies

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

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