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Exam Code: L4M7

Exam Name: CIPS Whole Life Asset Management

Updated: Oct 07, 2026

Number: 297 Q&As 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
Related Certifications:	Level 3 Advanced Certificate in Procurement and Supply Operations Level 5 Advanced Diploma in Procurement and Supply
Exam Price:	£140 - £180 (varies by region, member/non-member)
Real Exam Qty:	60
Exam Format:	Objective response format, Multiple-choice questions
Certificate Validity Period:	Valid for 3 years after certification
Available Languages:	French, Spanish, Portuguese, Italian, German, English, Chinese
Passing Score:	70%
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	Identify the principles, purpose and impact of stores and warehouse design Identify the direct and indirect costs of holding inventory
Topic 2	Systems for product coding Bar coding The use of RFID technologies
Topic 3	Contrast the impact of the use of different warehousing equipment Understand methods for the storage and movement of inventory
Topic 4	Discuss options to reduce costs whilst mitigating any negative impact on service levels Location of stores and warehouses
Topic 5	Explain the use of product coding in inventory operations Order tracking technologies
Topic 6	Opening stock, work in progress, safety stock and finished goods Obsolescent and redundant stock

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

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